April 11, 2021 Uncategorized

Prenup Agreement Types

You will find these conditions in Article 1466 of Thailand`s Commercial and Civil Code. In accordance with Thai marriage laws, the matrimonial agreement focuses on the assets and financial consequences of marriage and sets the terms of ownership and management of common personal and concrete property and the eventual division of marital property when the marriage is dissolved. The marriage agreement also contains a list of each party`s personal property at the time of marriage and ensures that debts and property prior to marriage remain in the possession of the original owner or debtor. Personal property includes: However, most lawyers say that prenups are absolutely necessary for couples who marry with substantial assets of their own or a large estate. In this case, a matrimonial agreement can help protect each spouse`s pre-marital patrimony, because otherwise the property and income of a marriage will become common property. Deciding that you want a marriage agreement doesn`t mean that you don`t really like your partner or that you necessarily imagine a day when you want to leave him. Marriage contracts are nothing more than instruments of estate administration that protect you and your spouse, and therefore your family, in the event of divorce. For many couples, preparing a marriage agreement is simply another part of the wedding planning process and is no more painful than choosing a wedding venue or paying a down payment on a starting house. In 2015, the U.S. Supreme Court granted same-sex marriage the same legal basis as same-sex marriage, in the case of Obergefell v. Hodges (decided June 26, 2015).

The consequence of the Supreme Court decision is that a pre-marriage contract entered into by a same-sex couple in one state is enforceable in the event of a divorce in another state. [47] In most Arab and Islamic countries, there is a marriage contract traditionally known as aqd qeran, aqd nikkah or aqd zawaj, which has long been established as an integral part of an Islamic marriage and was signed at the wedding. In Egypt, Syria, Palestine, Jordan and Lebanon, this treaty is widely known as Katb el-Kitab. The treaty is similar to Ketubah in Judaism and describes the rights and duties of the groom and bride or other parties involved in the marital proceedings. However, this is something other than a marital agreement, as it does not specify how assets should be split or inherited in the event of a divorce or the death of a spouse. [59] Many couples choose post-nuptials simply because they no longer have time to sign a prenup.

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