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Prenuptial Agreement
A prenuptial agreement is a private agreement between a couple signed before they get married which sets forth the division of their assets in the event of divorce or death. The agreement has to be fair, the parties have to fully disclose their assets, and the parties each need their own attorney.
A prenuptial agreement can protect the rights and obligations of both parties with respect to property. If one party owned a house before marriage, the prenup could include a provision stating that this spouse would be responsible for all costs associated with the maintenance of that property.
It can also protect the right to conduct any known transaction concerning property. The prenup could state that a spouse who owned a beach cottage would retain the sole right to sell or lease the property, but the other spouse had the right to use the house and live in it during the summer.
Prenuptial Agreement actually depends on the couples and some instances it will depend on the nature of their relationship. In Thailand, majority of the couples who gets Prenuptial Agreement are those Thai-Foreigner couples, foreigners being those who want to make sure they are secured from anything that may take away their hard-earned fortune.
