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Last Updated: Mar 10, 2024
A Prenuptial Agreement, commonly known as a “prenup,” is a formal document crafted by couples before they marry. This agreement outlines the assets, debts, and disposition of property and income in the event of a divorce or separation. While discussing the possibility of divorce may feel uncomfortable, and contemplating it before marriage may seem like planning for failure to some, having a prenup is a crucial safeguard. Soon-to-be-wed couples should think of a prenup as just another facet of their financial planning for the future, and couples who plan out their lives in real terms usually have much stronger relationships.
A Prenuptial Agreement holds great importance as it serves as a crucial financial strategy, offering a protective buffer for individuals that prevents more difficulty, stress, and ill will later on. Particularly crucial for couples with substantial property and assets, a prenup ensures that hard-earned investments and valuable assets do not end up being unfairly distributed in the event of a divorce, and accelerates the separation process so each affected party can move on with their lives.
Key aspects of a prenup include:
In the unfortunate event of a divorce, a prenup also shields from debts incurred by a singular spouse without the contribution of the other and establishes clear financial responsibilities for any children involved.
Creating a prenup not only reduces the risk of legal complications but also minimizes litigation costs. It serves as a guiding document during divorce proceedings, aiding in determining a fair allocation of properties between the parties involved. Many couples opt for a prenup before tying the knot, recognizing its practical importance in safeguarding their financial interests, ensuring a smoother legal process if circumstances change, and guaranteeing that any children will be provided for without difficulty.
Though some people opt for a Postnuptial Agreement after marriage, it is not advised as a prenup is much stronger under Thai Law.
In Thailand, the drafting of Prenuptial Agreements is governed by the Thai Civil and Commercial Code. Consulting with a lawyer, particularly one knowledgeable about Thai legal codes, is essential when drafting and submitting a prenup.
Simply calling a document a “prenup” is no guarantee that it will be upheld by a Thai court, so to ensure the document is strong and will perform its function properly, any prenup should be drafted by a certified and experienced attorney.
According to Thai law, specific prerequisites must be fulfilled when establishing a prenup, including:
After creating the Prenuptial Agreement, it is crucial to ensure full agreement with its conditions, considering Thailand's specific legal limitations on prenups, which include:
It should also be noted that any prenup that is written in the Thai language cannot be changed after the marriage of the couple. Unless the court authorizes a change, the Thai prenup terms must be honored.
Given the legislation requiring Prenuptial Agreements to align with laws emphasizing good morals and public conduct, one cannot selectively design the agreement to cater to personal desires. The addition of certain elements would render the prenup void, including:
After reviewing the necessary requirements, when both parties are prepared to draft the Prenuptial Agreement, a Notarial Service Attorney can be hired to perform the following tasks:
Due to existing international laws, it should be noted that couples using notarial services in Thailand may be required to obtain additional authentication of notarized documents from the country’s Ministry of Foreign Affairs.
When marrying a Thai citizen as a foreign national, it is highly advised to seek legal assistance. This is essential because certain aspects that may be required in the prenup might not be relevant in your home country. These elements include:
In the event of a divorce, couples in Thailand have the option to choose between an uncontested/administrative divorce or a contested divorce. Opting for an uncontested divorce is a quicker and less costly process, as neither party needs to provide a specific reason for ending the marriage and their mutual agreement is enough.
On the other hand, contested divorces are handled in court and involve legal proceedings. These divorces may arise when disputes, particularly regarding property or ownership disagreements, cannot be resolved amicably between the parties. A prenup plays a crucial role in such cases, providing a framework for addressing property disputes and contributing to a more structured legal process. However, regardless of whether the divorce is ultimately contested or uncontested, a prenup will make the whole process faster, smoother, and less expensive.
Additionally, Prenups allow couples the opportunity to manage the division of marital property with discretion and privacy. Upon reaching an agreement, the settlement is formally filed at the district office where the divorce is granted. This extra layer of protection offers couples a more personalized and efficient approach to managing the complexities of asset distribution during a divorce without having their personal lives laid bare before the public.
It should be noted, though, that in the case of a foreign national divorcing a Thai citizen, it is crucial that they consult with an experienced family law attorney before filing for divorce, even an uncontested one. This is because not all countries will recognize Thai uncontested divorces in certain cases. Therefore, seeking the expertise of an attorney becomes essential to ensure that the divorce proceedings have the desired outcome and do not add further complications later on.
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