A prenuptial agreement is a written contract between two parties who are intending to marry. The contract organizes the property relationship between the parties and manages how the assets and liabilities of either party will be allocated when the marriage ends. It provides several benefits after completing the requirements. It is becoming common practice in many countries, such as in the US and Thailand, and can even help decide property issues in countries that still don’t allow them, such as in the UK.
A prenuptial agreement created in Thailand can be valid in other countries, but must adhere to the foreign countries’ laws as well. Therefore, the document should be looked at by lawyers familiar in Thai law and the laws of the foreign country.
Prenuptial agreements apply whether the marriage ends in divorce or marriage.
The prenuptial agreement is subject to the standards of public order or good morals of Thailand. The standard can be somewhat arbitrary and is generally decided by the legal authority in charge of dividing property.
Foreign parties who plan to get a prenuptial agreement in Thailand are advised to consult a competent Thailand Lawyers in drafting the agreement.