{"id":3114,"date":"2023-07-24T09:06:56","date_gmt":"2023-07-24T02:06:56","guid":{"rendered":"https:\/\/champ-lawfirm.com\/?p=3114"},"modified":"2023-08-14T06:02:14","modified_gmt":"2023-08-13T23:02:14","slug":"married-property","status":"publish","type":"post","link":"https:\/\/champ-lawfirm.com\/en\/married-property\/","title":{"rendered":"Must know what is the married property?"},"content":{"rendered":"<p>Must admit that property issues between husband and wife, It is a problem that has been with Thai people for a long time. Whether it&#8217;s Thai people or people with foreign spouses. Because when we break up or have problems with each other&#8217;s hearts and often compete for property<\/p>\n<p>Today we are going to go into detail about what is the importance of marital property.<\/p>\n<div class=\"is-divider divider clearfix\" ><\/div>\n<h2><span style=\"color: #333399;font-size: 120%\">Table of Contents<\/span><\/h2>\n<div class=\"row\"  id=\"row-1787208782\">\n\n\t<div id=\"col-1939838367\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t<div class=\"is-border\"\n\t\tstyle=\"border-color:rgb(3, 22, 149);border-width:0px 0px 0px 9px;margin:0px 0px 0px 0px;\">\n\t<\/div>\n\t\t\t\n<h4 class=\"p1\"><a href=\"#mar1\">What is marital property?<\/a><\/h4>\n<h4 class=\"p1\"><a href=\"#mar2\">What are the marital properties?<\/a><\/h4>\n<h4 class=\"p1\"><a href=\"#mar3\">What is personal property?<\/a><\/h4>\n<h4 class=\"p1\"><a href=\"#mar4\">How are marital assets divided?<\/a><\/h4>\n<h4 class=\"p1\"><a href=\"#mar5\">Marital property after divorce<\/a><\/h4>\n<h4 class=\"p1\"><a href=\"#mar7\">Is a financed house and a car considered marital property?<\/a><\/h4>\n<h4 class=\"p1\"><a href=\"#mar8\">Is pension considered marital property?<\/a><\/h4>\n\t\t<\/div>\n\t\t\t\t\n<style>\n#col-1939838367 > .col-inner {\n  padding: 0px 0px 0px 0px;\n}\n<\/style>\n\t<\/div>\n\n\t\n\n<style>\n#row-1787208782 > .col > .col-inner {\n  padding: 0px 0px 0px 32px;\n}\n<\/style>\n<\/div>\n<span class=\"scroll-to\" data-label=\"Scroll to: #mar1\" data-bullet=\"false\" data-link=\"#mar1\" data-title=\"Change this\"><a name=\"mar1\"><\/a><\/span>\n<div class=\"is-divider divider clearfix\" ><\/div>\n<h2 class=\"p1 alt-font\"><em><span style=\"font-size: 120%;color: #333399\">W<\/span><\/em><em><span style=\"font-size: 120%;color: #333399\">hat is marital property?\u00a0<\/span><\/em><\/h2>\n<p>The <span style=\"color: #000080\"><strong>&#8216;main point&#8217;<\/strong><\/span> is what comes after registering the marriage, regardless of who contributed. However, if something is acquired or increases after marriage, people tend to consider it marital property. According to the law, cohabitation involves multiple dimensions, such as matters within the household, child-rearing, and supporting each other through hardships. So, whatever challenges arise become the joint effort and result of both individuals, much like a collaborative project.<\/p>\n<p class=\"p1\">In addition to this fundamental principle, let&#8217;s delve into the detailed legal provisions<\/p>\n<span class=\"scroll-to\" data-label=\"Scroll to: #mar2\" data-bullet=\"false\" data-link=\"#mar2\" data-title=\"Change this\"><a name=\"mar2\"><\/a><\/span>\n<div class=\"is-divider divider clearfix\" ><\/div>\n<h1 class=\"p1 alt-font\"><span style=\"font-size: 120%\"><em><span style=\"color: #333399\">What are the marital properties?<\/span><\/em><\/span><\/h1>\n<p class=\"p1\"><span style=\"color: #000080\">1. Property acquired during marriage<\/span><\/p>\n<p class=\"p1\">It looks not complicated, but let me specify that marriage must be registered according to the law, not just marriage according to facts or De facto or just make the ceremony. This legal provision does not cover such cases.<\/p>\n<p class=\"p1\"><span style=\"color: #000080\">2. Inheritance indicated to be marital property<\/span><\/p>\n<p class=\"p1\">Normally, inheritance isn&#8217;t about the physical or mental strength that we can seek and acquire. We are merely fortunate by chance to receive an inheritance from others. That&#8217;s all it is. Therefore, fundamentally, it is not a marital property. However, <span style=\"color: #000080\"><em>if there is a will that specifies it as a marital asset<\/em><\/span>, then it follows accordingly.<\/p>\n<p class=\"p1\"><span style=\"color: #000080\">3. Fruits of personal property<\/span><\/p>\n<p class=\"p1\">The term <strong><span style=\"color: #000080\">&#8220;Fruits&#8221;<\/span><\/strong> is a legal term. To put it simply, it&#8217;s like the <strong><span style=\"color: #000080\">&#8220;interest or benefits&#8221;<\/span><\/strong> of our personal property. The same principle as above applies here. After registering the marriage, each person contributes to and shares their life. The benefits that arise during this time are considered marital property.<\/p>\n<blockquote>\n<p class=\"p3\">&#8220;<span class=\"s1\">But be cautious, only the fruits or benefits are included. As for the principal amount or personal property, it still remains personal forever.&#8221;<\/span><\/p>\n<\/blockquote>\n<span class=\"scroll-to\" data-label=\"Scroll to: #mar3\" data-bullet=\"false\" data-link=\"#mar3\" data-title=\"Change this\"><a name=\"mar3\"><\/a><\/span>\n<div class=\"is-divider divider clearfix\" ><\/div>\n<h2 class=\"p1 alt-font\"><span style=\"color: #333399\"><span style=\"font-size: 120%\">What is personal property?<\/span><\/span><\/h2>\n<p>Personal property refers to assets that belong solely to an individual and do not need to be shared with a spouse, regardless of the passage of time. In other words, they are <strong><span style=\"color: #000080\">&#8220;not marital property&#8221;<\/span><\/strong><\/p>\n<p>Usually, this is something we acquire <strong><span style=\"color: #000080\">&#8220;before&#8221;<\/span><\/strong> we register our marriage. However, there&#8217;s one thing I&#8217;d like to point out: inheritance. If an inheritance does not explicitly state that it is marital property, it remains personal because it comes from our parents or siblings or relatives and is not connected to the spouse.<\/p>\n<p class=\"p1\">There are also personal items, such as soap, toothpaste, and clothing, even if we buy them after marriage registration, they are still our personal belongings. Additionally, assets that are given to us through gifts or donations are also similar to inheritance, in that they are received while being married. However, this giving can be categorized as giving to<\/p>\n<blockquote>\n<p class=\"p1\">&#8220;you only&#8221; or &#8220;together with our spouse&#8221;.<\/p>\n<\/blockquote>\n<p>Another common confusion arises when personal property changes into other assets after marriage registration. It remains personal. For example, the money we had before marriage might be transformed into a car afterward. This car remains solely yours, and you don&#8217;t need to share it with your spouse.<\/p>\n<span class=\"scroll-to\" data-label=\"Scroll to: #mar4\" data-bullet=\"false\" data-link=\"#mar4\" data-title=\"Change this\"><a name=\"mar4\"><\/a><\/span>\n<div class=\"is-divider divider clearfix\" ><\/div>\n<h2 class=\"p1 alt-font\"><span style=\"color: #333399\"><span style=\"font-size: 120%\">Is heritage considered marital property?<\/span><\/span><\/h2>\n<blockquote>\n<p class=\"p1\"><span class=\"Apple-converted-space\">Inheritance under normal circumstances is personal property, except when the will specifies it as marital property<\/span><\/p>\n<\/blockquote>\n<p class=\"p1\">I hope this sentence helps create understanding for those who are facing this issue. It&#8217;s important to recognize that inheritance received from our siblings or relatives is something that belongs to our bloodline. Our spouse, who doesn&#8217;t share the same bloodline, does not have rights to it<\/p>\n<p class=\"p3\">However, a will is a specific and focused matter. If someone passes away and their will designates you and your spouse as recipients of the inheritance, it will follow the intentions of the deceased <span style=\"color: #000080\"><strong>to be marital property<\/strong><\/span><\/p>\n<span class=\"scroll-to\" data-label=\"Scroll to: #mar5\" data-bullet=\"false\" data-link=\"#mar5\" data-title=\"Change this\"><a name=\"mar5\"><\/a><\/span>\n<div class=\"is-divider divider clearfix\" ><\/div>\n<h2 class=\"p1 alt-font\"><span style=\"color: #333399\"><span style=\"font-size: 120%\">How are marital assets divided?<\/span><\/span><\/h2>\n<blockquote>\n<p class=\"p1\">Marital assets would be divided on <span style=\"text-decoration: underline\"><strong>Divorce<\/strong><\/span><\/p>\n<\/blockquote>\n<p class=\"p1\">Dividing marital property during a divorce is indeed often based on an equal split between the husband and wife, each receiving half. However, there are cases that might seem humorous, such as splitting items like vehicles or even making sounds to split things in half. These examples highlight that a simple equal split might not be practical in reality.<\/p>\n<p class=\"p1\">You&#8217;re right because many assets aren&#8217;t in the form of cash or gold; they&#8217;re physical items. Splitting them down the middle might result in losses and regrets.<\/p>\n<p class=\"p1\">That&#8217;s why the law allows both spouses to come to an agreement. For instance, consider this example<\/p>\n<p class=\"p1\">Marital assets include a piece of land and two cars. The husband might agree that the wife takes the land with the house, while he requests both cars. Such agreements are legally acceptable without needing to ensure exact monetary equality. <span style=\"color: #000080\"><strong>As long as both parties agree, it&#8217;s considered reasonable.<\/strong><\/span><\/p>\n<p class=\"p1\">It&#8217;s true that in situations where people can communicate and divide assets amicably, it&#8217;s not a problem. However, when disagreements arise, legal procedures might be necessary. Courts may issue orders for division, but they can&#8217;t fully understand the emotional value of items.<\/p>\n<p class=\"p1\">In such cases, the assets might need to be sold, converted into cash, and then divided.<\/p>\n<span class=\"scroll-to\" data-label=\"Scroll to: #mar7\" data-bullet=\"false\" data-link=\"#mar7\" data-title=\"Change this\"><a name=\"mar7\"><\/a><\/span>\n<div class=\"is-divider divider clearfix\" ><\/div>\n<h2 class=\"p1\"><em><span style=\"font-size: 120%;color: #333399\">Is a financed house and a car considered marital property?<\/span><\/em><\/h2>\n<p class=\"p1\">Regarding marital property, particularly significant assets that often raise numerous questions, such as houses and cars that are still under bank mortgages or financing, the situation is not the same due to legal distinctions.<\/p>\n<p class=\"p1\">Let&#8217;s separate houses and cars for an easier explanation, as their legal statuses differ:<\/p>\n<p><strong><span style=\"color: #000080\">&#8220;House&#8221;<\/span>:<\/strong> When we buy a house, a thorough examination of the title deed would reveal our name as the owner while the bank or financial institution holds the mortgage. Legally, the house is our property from the day of purchase; we merely have a <strong>&#8220;debt&#8221;<\/strong> to the bank that needs repayment (though it might be a substantial debt).<\/p>\n<p>Therefore, in terms of the house, it&#8217;s crucial to consider whether it has been registered. If it&#8217;s registered under our name, it&#8217;s marital property; if not, it remains personal property.<\/p>\n<p>The issue doesn&#8217;t end there, as the <span style=\"color: #000080\"><strong>&#8220;mortgage&#8221;<\/strong><\/span> aspect comes into play. While explaining the details might be lengthy, to put it succinctly, there might be ways to regain ownership or arrange repayment. But it&#8217;s important to note that resolving this often isn&#8217;t straightforward.<\/p>\n<p class=\"p1\"><span style=\"color: #000080\">\u201c\u0e23\u0e16\u201d<\/span> \u0e23\u0e16\u0e08\u0e30\u0e21\u0e35\u0e2a\u0e16\u0e32\u0e19\u0e30\u0e17\u0e35\u0e48\u0e41\u0e15\u0e01\u0e15\u0e48\u0e32\u0e07\u0e01\u0e31\u0e19\u0e04\u0e23\u0e31\u0e1a\u0e40\u0e1e\u0e23\u0e32\u0e30\u0e27\u0e48\u0e32\u0e23\u0e16\u0e27\u0e31\u0e19\u0e17\u0e35\u0e48\u0e40\u0e23\u0e32\u0e0b\u0e37\u0e49\u0e2d\u0e21\u0e32\u0e21\u0e31\u0e19\u0e15\u0e23\u0e07\u0e02\u0e49\u0e32\u0e21\u0e01\u0e31\u0e1a\u0e1a\u0e49\u0e32\u0e19 \u0e04\u0e27\u0e32\u0e21\u0e40\u0e1b\u0e47\u0e19\u0e40\u0e08\u0e49\u0e32\u0e02\u0e2d\u0e07\u0e43\u0e19\u0e15\u0e31\u0e27\u0e23\u0e16\u0e08\u0e30\u0e2d\u0e22\u0e39\u0e48\u0e17\u0e35\u0e48\u0e18\u0e19\u0e32\u0e04\u0e32\u0e23\u0e2b\u0e23\u0e37\u0e2d\u0e2a\u0e16\u0e32\u0e1a\u0e31\u0e19\u0e01\u0e32\u0e23\u0e40\u0e07\u0e34\u0e19\u0e41\u0e15\u0e48\u0e40\u0e04\u0e49\u0e32\u0e43\u0e2b\u0e49\u0e40\u0e23\u0e32\u0e21\u0e32\u0e43\u0e0a\u0e49\u0e2a\u0e2d\u0e22\u0e01\u0e48\u0e2d\u0e19\u0e40\u0e23\u0e32\u0e08\u0e48\u0e32\u0e22\u0e40\u0e07\u0e34\u0e19\u0e04\u0e23\u0e1a\u0e40\u0e04\u0e49\u0e32\u0e16\u0e36\u0e07\u0e08\u0e30\u0e42\u0e2d\u0e19\u0e23\u0e16\u0e43\u0e2b\u0e49 \u0e40\u0e1e\u0e23\u0e32\u0e30\u0e09\u0e30\u0e19\u0e31\u0e49\u0e19\u0e16\u0e49\u0e32\u0e08\u0e14\u0e17\u0e30\u0e40\u0e1a\u0e35\u0e22\u0e19\u0e2a\u0e21\u0e23\u0e2a\u0e01\u0e48\u0e2d\u0e19\u0e41\u0e25\u0e49\u0e27\u0e18\u0e19\u0e32\u0e04\u0e32\u0e23\u0e42\u0e2d\u0e19\u0e23\u0e16\u0e21\u0e32\u0e43\u0e2b\u0e49\u0e17\u0e35\u0e2b\u0e25\u0e31\u0e07\u0e01\u0e47\u0e08\u0e30\u0e40\u0e1b\u0e47\u0e19\u0e2a\u0e34\u0e19\u0e2a\u0e21\u0e23\u0e2a\u0e04\u0e23\u0e31\u0e1a<\/p>\n<p><strong><span style=\"color: #000080\">&#8220;Car&#8221;<\/span>:<\/strong> The status of a car is different. Unlike a house, when we purchase a car, its ownership is with the bank or financial institution until we complete payment. They allow us to use the car before full payment. Therefore, if the marriage is registered before the car is transferred, it becomes marital property.<\/p>\n<p class=\"p3\">\u00a0However, the issue with cars contrasts with houses in terms of <span style=\"color: #000080\"><strong>&#8220;value or proportion.&#8221;<\/strong><\/span> If we use personal funds to pay installments, the proportion of personal ownership remains based on those contributions.<\/p>\n<span class=\"scroll-to\" data-label=\"Scroll to: #mar8\" data-bullet=\"false\" data-link=\"#mar8\" data-title=\"Change this\"><a name=\"mar8\"><\/a><\/span>\n<div class=\"is-divider divider clearfix\" ><\/div>\n<h2 class=\"p1 alt-font\"><span style=\"color: #333399\"><span style=\"font-size: 120%\">Is pension considered marital property?<\/span><\/span><\/h2>\n<p>Think of it this way: <span style=\"color: #000080\"><strong>&#8220;Severance pay&#8221;<\/strong><\/span> or <strong><span style=\"color: #000080\">&#8220;government pension&#8221;<\/span><\/strong> is like a salary or bonus that a spouse receives from a private company. Therefore, if this lump sum comes after marriage registration, regardless of its amount, it becomes marital property. Just like any other income earned during the marriage, <span style=\"color: #000080\"><strong>it&#8217;s considered joint property.<\/strong><\/span><\/p>\n<div class=\"is-divider divider clearfix\" ><\/div>\n<h2 class=\"p1 alt-font\"><span style=\"color: #333399\"><span style=\"font-size: 120%\">In summary<\/span><\/span><\/h2>\n<p>it&#8217;s evident that the law places great importance on marital property matters, with the main consideration being the <span style=\"color: #000080\"><strong>&#8220;date of marriage registration.&#8221;<\/strong><\/span> Therefore, if you feel that you have significantly different financial circumstances from your spouse and are concerned about property issues, it&#8217;s advisable to consider creating a <span style=\"color: #000080\"><strong>&#8220;Prenuptial agreement&#8221;<\/strong><\/span><\/p>\n<p>For those unfamiliar with pre-marital property agreements, you can learn more about them in this article: <span style=\"color: #000080\"><strong>&#8220;Pre-Marital Property Agreement.&#8221;<\/strong><\/span><\/p>\n<p>Before registering your marriage, addressing potential conflicts and planning together becomes much easier, ensuring a smoother path forward.<\/p>\n<h2>Article:\u00a0 Nadear \/ Kroek lawyer<\/h2>\n<h2>Authorized:\u00a0 Champ lawyer<\/h2>\n<h4 class=\"p3\"><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>it&#8217;s evident that the law places great importance on marital property matters, with the main consideration being the &#8220;date of marriage registration.&#8221; &#8230;<\/p>\n","protected":false},"author":5,"featured_media":3205,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[82,83],"tags":[],"class_list":["post-3114","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-family-law-2","category-herritage-2"],"_links":{"self":[{"href":"https:\/\/champ-lawfirm.com\/en\/wp-json\/wp\/v2\/posts\/3114","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/champ-lawfirm.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/champ-lawfirm.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/champ-lawfirm.com\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/champ-lawfirm.com\/en\/wp-json\/wp\/v2\/comments?post=3114"}],"version-history":[{"count":0,"href":"https:\/\/champ-lawfirm.com\/en\/wp-json\/wp\/v2\/posts\/3114\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/champ-lawfirm.com\/en\/wp-json\/wp\/v2\/media\/3205"}],"wp:attachment":[{"href":"https:\/\/champ-lawfirm.com\/en\/wp-json\/wp\/v2\/media?parent=3114"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/champ-lawfirm.com\/en\/wp-json\/wp\/v2\/categories?post=3114"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/champ-lawfirm.com\/en\/wp-json\/wp\/v2\/tags?post=3114"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}