Prenuptial Agreement in Thailand. Planning a wedding in Thailand? Congratulations! While swept up in the romance, considering a prenuptial agreement (prenup) might seem unromantic, but it can be a wise decision for both partners. Let’s explore what a prenuptial agreement entails in Thailand.
What is a Prenuptial Agreement in Thailand?
A prenuptial agreement, also known as a “Thai prenup,” is a written contract created by a couple before marriage. It outlines how each person’s assets and debts will be handled during the marriage and in the event of a divorce.
Why Consider a Prenup?
There are several reasons why couples in Thailand might choose to have a prenup:
- Financial Transparency: A prenup encourages open communication about finances, potentially avoiding future conflict.
- Protecting Assets: If one partner owns a business, inherited property, or has significant pre-marital debt, a prenup can safeguard those assets.
- Clarity for Blended Families: For couples with children from previous relationships, a prenup can ensure inheritance rights are clear.
- Peace of Mind: A prenup offers peace of mind for both partners, knowing their financial interests are protected.
What Can a Prenup Cover in Thailand?
Thai law allows prenups to address a range of matters related to property:
- Classification of Assets: The prenup can define which assets are considered separate (brought into the marriage) and which become common property.
- Debt Management: The agreement can specify how existing and future debts will be handled by each spouse.
- Division of Assets in Divorce: The prenup can dictate how assets will be divided if the marriage dissolves.
Important Requirements for a Valid Prenup
For a prenup to be enforceable in Thailand, it must meet specific criteria:
- Written and Signed: The agreement must be a written document signed by both parties.
- Independent Legal Counsel: Each partner should have their own lawyer review and advise them on the prenup.
- Witnessed and Registered: The prenup must be signed in the presence of two witnesses at least 18 years old and registered with the marriage certificate.
- Made Before Marriage: The prenup cannot be created after the marriage ceremony.
What a Prenup Cannot Cover
Thai law restricts certain aspects from being included in a prenup:
- Child Custody or Support: Custody and support arrangements for children must be decided by the court in the case of divorce.
- Spousal Support: The court has discretion to award spousal support based on need.
Seeking Legal Advice
A prenuptial agreement can be a valuable tool for couples planning to marry in Thailand. Consulting with a qualified Thai lawyer specializing in family law is crucial to ensure the prenup is drafted correctly, complies with Thai law, and effectively addresses your needs.