A Prenuptial Agreement is entered into before marriage and can be a practical solution to dealing with potentially problematic issues should the marriage ever come to an end. It usually covers areas such as finances, assets, and matters relating to children. Whilst it may seem preemptive to enter into such things before even getting married, it can serve to enable both parties to clearly outline their wishes, should a divorce occur.
In general, prenuptial agreements are not enforceable by law in Singapore, but they can still be highly beneficial in setting out agreements upfront, in case a divorce occurs later down the road.
One of the biggest benefits is really in aiding a swift resolution to divorce proceedings by having the key ancillary matters already agreed beforehand.
This would increase the likelihood of a simple, uncontested divorce, reducing cost and pain.
There are a number of benefits to a prenuptial agreement, including elements such as:
This list is by no means exhaustive, but please get in touch if you’d like to discuss your situation further.
A prenuptial agreement typically covers areas such as:
As with any agreement of course, the exact terms should be tailored to your specific needs, and this is something we can advise and draft with you.
No, you could technically choose to create a prenuptial agreement between yourselves, however it is advisable to seek professional help from a lawyer in order to avoid mistakes or confusion.
The Singapore courts will not uphold a prenuptial arrangement if it contravenes the requirements of the Women’s Charter. It is sensible to engage a professional to offer their years of experience in such matters, and guide you through the technical requirements.
