Have you got a Thai Prenup? Getting married to someone whom you wish to spend the rest of your life with might be the best decision that you will ever make. But with the increasing number of divorce cases, resulting to financial disputes, it is important to secure your assets before taking the big plunge. A Thailand prenuptial agreement is a contract made between two spouses containing the summary of all your individual assets and liabilities before you got married, and the provisions of your property rights after the marriage.
Having a Thai prenuptial agreement prior to getting married has several advantages aside from protecting your personal properties; it also helps with securing your business assets and family property. In case of a divorce, a Thai prenuptial agreement seeks to protect you both from debts incurred by the other spouse, as well as delegating financial responsibility to your children – including provisions pertaining to child custody and other rights.
The drafting of a Thai Prenuptial Agreement also reduces the risk of legal issues which effectively lowers down the litigation costs. It aids the divorce process by determining the just allocation of the properties of the divorcing couple. Recently, having a Thai prenuptial agreement is a choice grabbed by majority of couples. It has been widely practiced in Thailand where drafting its provisions is a lot more liberal compared to the West. After having the document translated into English language, it should then be recognized around the world.
Thai Prenuptial Agreement Requirements
- – The contract should be in written form;
- – Each spouse should have his or her own lawyer;
- – Each spouse should sign the Thai prenuptial in front of two witnesses before the official marriage registration;
- – The contract should be registered at the same local district office where the marriage is registered;
It is recommended to engage with the services of a reputable law firm in drafting your Thai prenup. They could also be a good source for legal guidance prior to taking the big leap, and it might be best to consult with them today to save yourself time and money chasing your assets in the future.
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