A judge has ruled that a prenuptial agreement signed by a bride three days before her wedding, was done so under duress reports The Courier Mail.
The bride told the court her husband to be told her the wedding would be off if she didn’t sign the prenup and so she felt obliged to do so. The agreement said each spouse would retain their own assets if they separated. At the time the wife only had a car, which has since been sold to pay for the family’s care, while the husband had property and a substantial amount of money.
The court heard the husband now has a $330,000 property, the former matrimonial home worth $725,000 and a business valued at $283,722.
The issue of dividing assets is often one of the more contentious issues to resolve if divorce proceedings are not amicable.
If one spouse is feeling angry or resentful, they might be tempted to hide assets from the other.
Thailand divorce attorney, Jiraporn Thongpong explains, “concealment of marital assets occurs when one spouse, either before or during the divorce proceedings, takes action to hide or “use up” marital property such as removing possessions from the home or spending money in joint bank accounts”.
If this is a concern or issue, then it is important to take independent legal advice as soon as possible to protect your position.
A millionaire dentist who defeated her ex-husband’s “controlling” mother in a £10million court battle broke her silence over the bitter feud after the hearing concluded on Monday 28 October 2013 reports The London Standard .
Dr Anushika Sharma and her family set up Aspire Dental Care Limited (ADC) which Dr Sharma, as sole director, helped grow into a successful business. The company shares were to be split in quarters between Dr Sharma, her mother-in-law, her husband and his brother, Raj.
However she found the “interference” of her dominant mother-in-law too much and broke away to establish five highly successful practices of her own. During the divorce proceedings, her husband’s family tried to argue that 75% of these business belonged to them, but the Court of Appeal disagreed.
In our experience, divorce proceedings can often turn nasty when it comes to dividing joint assets. In a Thailand divorce, any community property is considered joint, but we have seen this lead to arguments even between otherwise amicable divorcing spouses.
For celebrity couples, divorce is a more of a habit than normal couples. And unlike normal couples, celebrity divorces are very expensive because of the nature of assets owned and personal wealth.
Boldsky.com have put together a list of the ten most expensive divorces. Anna and Rupert Murdoch top the list, but will first place go to Catherine Zeta-Jones and Michael Douglas if they to make their recently announced separation permanent.
Prenuptial agreements can help create a financial plan that can be managed through the course of marriage and in the event of a divorce, to control the division of assets between the husband and wife.
The Telegraph has reported that a 1.8 million pound divorce settlement has been set aside in the UK by the Court after it was discovered the husband has not revealed the true picture of his assets.
The documents found by the wife included evidence that the businessman had shares worth up to £740,000 in one company which had a £50 million turnover.
In Thailand a divorce agreement, also known as a divorce settlement agreement, is a contract drawn between a divorcing couple that determines issues concerning the divorce such as: the division of shared property, child custody, visitation, alimony, and other marital issues.
Cases such as this serve as a helpful reminder for couples in similar positions of the benefits of taking advice from a qualified attorney.