Prenuptial Agreements Thailand Lawyer

If you don't have a prenuptial agreement your wife is legally entitled to half of all of your earnings.

Don't Have Prenuptial Agreements your wife is legally entitled Don't Have Prenuptial Agreements

If you do not have a prenuptial agreement your wife is legally entitled to half of all of your earnings.

American and Thailand community property laws state that upon divorce your spouse is entitled to half of everything you acquired during the course of your marriage. For example: If you were married for 5 years and during that time the home you owned (purchased before or after your marriage) appreciated in value by $100,000.00 (based on 5% appreciation per year for a $400,000.00 home), and you earned an annual salary of $50,000.00 per year for each of the five years you were married, you would need to write your wife a check for $225,000.00 at the time of your divorce.

If you did not have this money available to pay your wife the judge may order you to either turn your home over to your wife, sell your home and pay her off from the proceeds, or order you to move out and allow your wife to live in the home while you continue to pay all related expenses. The later is a stronger possibility when children are involved, whether they are yours or hers from a previous relationship. If you do not own a home or have enough equity in your home the court could liquidate your business assets, or attach your salary or other income. In addition you will most likely be ordered to pay alimony. This could be for an indefinite period or limited period. Alimony varies depending upon the individual circumstances, but often it is intended to maintain the lifestyle that you had previously provided to your wife during your marriage. If you are fortunate enough to provide only a basic standard of living, she will need to rent an apartment, eat, purchase clothing and items for her basic needs, etc. A monthly amount can easily exceed $1,500.00 as basic apartments exceed $1,000.00 per month.