Is your Prenuptial Agreement Valid? Misunderstandings that leads to separation or divorce between spouses lead to conflicts most of the time when it comes to respective properties and assets. Issues arise as to what is due to each party when divorce is finalized. This is where the importance of a prenuptial agreement steps in, as it is  drafted where it specifies the management of ownership and shares before and during the marriage.

Is your Prenuptial Agreement Valid?Is your Prenuptial Agreement Valid?

A prenuptial agreement in Thailand has many advantages for each party as this contract formalizes and specifies what has been agreed in case the marriage falls apart. This contract is the main evidence on how assets and properties can be claimed and divided or shared when marriage is terminated. This will be the only reference you may look into to avoid conflicts over a particular property. This contract cannot be amended, providing consistency which prevents complications in the future.

How to draft a valid prenuptial agreement?

–          Prepared and written in Thai and English language;

–          Both marrying parties must be able to understand every content or arrangement included in the contract;

–          The statements or closes in the agreement should not go against good morals or the law;

–          The agreement must be signed by both husband and wife, together with the witnesses and must be registered at the district office at the same time of marriage registration.

Preparation of a prenuptial agreement involves discussion, negotiation and understanding. This may be initially a sensitive matter to discuss, but opening your views on the advantages both may have in the future would lead you to consider that it would benefit both of you in the future. This maybe an uneasy move prior marriage, but it will put you minds at ease to whatever the future would bring.

It is necessary to have a Thailand family lawyer or lawyer guide you along the way for both to have better understanding on what has to be agreed upon prior marriage. This is why it is important that you question – Is your Prenuptial Agreement Valid?

 

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