A marriage contract is no more or less than a contract between two people. It determines the property and liabilities that each party brings to the marriage and determines the property rights of each party throughout the marriage and whether that marriage ends by decision. Marriage contracts can come into play even after the death of a spouse to ensure that their property rights and interests will continue to be protected after their death. In most Arab and Islamic nations, there is a marriage contract, traditionally known as aqd qeran, aqd nikkah or aqd zawaj, long established as part of an Islamic marriage and 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 that of Ketubah in Judaism and describes the rights and duties of the groom and bride or other parties involved in the matrimonial proceedings. However, this differs from the marriage contract in that it does not define how property is to be distributed or bequeathed in the event of divorce or the death of a spouse.  By allowing couples to determine what is useful to them, a prenup renders these state laws unenforceable, according to John. One of the main goals for a prenup, she says, is to determine financial payments for the real estate bill and alimony. You can find these conditions in clause 1466 of the Commercial and Civil Code of Thailand. In accordance with Thai marriage laws, the marriage contract focuses on the property and financial implications of the marriage and sets out conditions for the ownership and management of common personal and concrete property as well as a possible division of marital property in the event of dissolution of the marriage. The marriage contract also contains a list of each party`s personal property at the time of the marriage and ensures that the debt and property before the marriage remains the property of the original owner or debtor. Personal ownership includes: O`Brien says that as a wealth advisor, she`s often that third party that caters to prenups.
She says she introduces a lot of clients to the idea of a prenup when they talk in their office about financial planning involving investments and mortgages. Due to its delicate nature, Prenup has long been a sordid word between couples. According to Susan O`Brien, senior vice president and senior wealth adviser at BMO Nesbitt Burns, it`s important for couples to talk about their financial status and discuss their financial goals as a couple. This conversation should come before they say “I do.” If you`ve done the hard work of asking your partner for a prenup, you should also address troublesome issues to avoid marital disputes in the future. Our prenup lawyers generally encourage couples in our area to discuss the following terms in marital comparisons: “For a marriage contract to be valid, you and your future spouse must be represented by a separate (independent) lawyer,” Jean said. “I`ve drawn several prenups and I can say that the process is most fluid when couples communicate openly with each other about the issues raised, the terms of the agreement and the reasons for it.” Marriage contracts in Canada are governed by provincial legislation. Every province and territory in Canada recognizes marriage contracts. For example, in Ontario, marriage contracts are called marriage contracts and recognized by section 52 of the Family Law Act.  In short, a marriage contract is simply an alternative estate planning instrument that helps protect the financial interests of the couple and their heirs. .