The prenuptial agreement enables you to retain the rights on your properties even after your marriage and in case of the separation you don’t need to shoulder your partner’s financial responsibilities

1. What Is The Need For A Prenup Agreement?
The prenuptial agreement enables you to retain the rights on your
properties even after your marriage and in case of the separation you
don’t need to shoulder your partner’s financial responsibilities
When you enter into a prenuptial agreement you have the right on all
your assets even if you decide to end your marriage with your partner.
This is a contract which has to be signed by both the partners before
getting married and then it enables them to hold all the properties and
the finances that they had before their marriage and in case of a
divorce, they don’t need to equally divide the assets. It can also
include contracts which are made for the spousal support and some
people also make provision in this agreement regarding the forfeiture
of the partner’s properties if the reason behind their divorce is found
to be adultery. If you don’t have this prenup agreement, you may end
up giving half of your assets in case you want to get a divorce from
your partner.
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2. In earlier times when the women don’t used to work and earn their
living then if there is any case of separation between the partners then
the husband used to take care of the financial needs of his ex partners.
Moreover there is a system that the partners can get alimony if they
are going for a divorce because of some adultery reason of even for
some other reason. If the separation in because of some adultery
reason, then as mentioned above in prenup agreements also there is
provision of getting alimony or forfeiture of the assets of the partner
but if the case is not of adultery rather mutual, then if you have signed
up this agreement, then you need not to pay the amount of the
alimony and also the other partner can forfeit your assets. When you
have this prenuptial agreement Singapore, you don’t need to take the
financial obligation of your partner on your shoulder after you two are
separated officially. You both are going to have individual right on your
assets and there is no financial interdependence.
This prenuptial agreement Singapore helps you hold on to the rights
of the separate properties that you own beforehand of the marriage
and no one can forfeit this properties. This agreement can settle the
disputes about the expenditures and the finances that you have with
your partner. This agreement can be used for solving many problems
in the future regarding the finances of the partner and thereby may
also safeguard the relation. This agreement can also support the plans
you have regarding your estates.
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