In 2015, the U.S. Supreme Court granted same-sex marriages the same legal basis as marriage between couples of both sexes, in Obergefell v. Hodges (delivered June 26, 2015). The effect of the Supreme Court ruling is that a pre-marital agreement entered into by a same-sex couple in one state is fully applicable in the event of divorce in another state. [47] These conditions are set out in clause 1466 of Thailand`s Commercial and Civil Law Code. 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 property includes: In the past, couples have entered into pre-marital agreements with a degree of uncertainty as to their validity. Today, the presumed validity and applicability of such agreements is no longer at issue in the states that have adopted the UPAA/UPMAA, including Florida,[24] Virginia,[25] New Jersey,[26] and California.[27] [28] Simply put, a marriage contract (also known as a pre-marital contract or a conjugal contract) is a contract that a couple signs before marriage to find their finances in the event of divorce. “Marriage contracts cover how a couple shares their finances, what is the separate property of each party (what they marry with) and how they would divide their home,” Schpoont says.

“It can delineate how they would divide marital property, including marital debt — what they have, but also what they owe — and can also indicate how long a spouse or child can stay in a marital home during a divorce.” Here are some other points that need to be understood about marriage contracts: “There is an understanding of marriage as a legal status,” she said.