Prenuptial Agreement: Reasons To Consider Having One in the Philippines

Should you talk about finances before getting married to your soon-to-be spouse? Of course, you should.
In his book “Smart Couples Finish Rich,” American financial expert David Bach says that talking about finances is part of knowing that your and your partner’s life aspirations are going in the same direction. The sooner you start having this conversation with your partner, the better off you’ll be.

Aside from discussing your partner’s salary or financial goals, considering prenuptial agreements before marriage might be beneficial.
Contrary to popular belief, prenuptial agreements aren’t only for the rich, famous, and wealthy. They can help couples encourage one another to create clear and reasonable objectives and expectations for their relationship.

What is a Prenuptial Agreement?

The Brief History of Prenuptial Agreement

Prenuptial agreements date back over 2,000 years ago in ancient Egypt. They were written or verbal contracts signed by the bride’s and groom’s respective parents, establishing the property that each spouse would bring to the marriage.
The Egyptians also utilized these agreements to calculate the bride’s dowry and bride price, or the amount of money a groom would give the bride’s family in return for marrying her.

The Hebrews have also used a premarital agreement called Ketubah, translated as ‘it is written.’ It was one of the first legal contracts to grant financial rights to women within marriages by ensuring that a woman inherited her husband’s property after his death.

The Prenuptial Agreement Based on the Family Code

A prenuptial agreement is a formal contract made by two people that generally includes all of each individual’s property. It also defines what property rights each person will have after the marriage.

According to Article 75 of the Family Code of the Philippines, or Executive Order No. 209... Read more: https://www.ykclaw.ph/prenuptial-agreement-philippines/