Know Before Marriage: Personal Property and Marital Property

If there is no conflict and love remains, there will be no issue regarding the division of property between husband and wife.

Personal Property

Personal property refers to assets acquired before marriage, such as a house, car, land, or money. It belongs solely to one spouse and can be managed independently.

Examples of Personal Property:

  • Assets owned before marriage: Must be legally owned before the marriage to qualify.
  • Personal belongings: Items like jewelry, watches, clothes, or dentures that reflect one’s social status.
  • Professional tools: Equipment necessary for one’s occupation, such as a hoe, shovel, or machinery.
  • Inheritance or gifts during marriage: Assets received as an inheritance or as a gift of goodwill.
  • Engagement gifts: These are considered the personal property of the wife.
  • Substitutes for personal property: Assets acquired by selling or exchanging personal property.

Marital Property

Marital property refers to assets acquired after marriage registration. It includes salaries, bonuses, rental income, or interest earned from personal property, as well as inheritance or gifts explicitly designated as marital property.

Key Points About Marital Property:

  • Joint Ownership: Spouses must manage marital property together or with the consent of the other party.
  • Assets acquired during marriage: All income earned by either spouse, regardless of individual contribution. Examples: salaries, pensions, or compensation payments.
  • Inheritance or gifts with specified marital status: Property received through a will or written gift, provided it is explicitly stated to be marital property.
  • Income from personal property: Any returns generated from personal property, whether natural income (e.g., fruit from trees) or legal income (e.g., interest from savings).

Marital property ensures that assets accumulated during the marriage are shared and managed together unless otherwise specified by law or agreement.

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About Us

With over 12 years of legal experience, we are the trusted experts you can rely on for all your legal needs. Our expertise spans across various legal fields, including civil and commercial law encompassing contracts, litigation, and legal proceedings; labor law to help your business avoid disputes; as well as family law, inheritance law, consumer protection law, intellectual property law, criminal law, and other legal matters. We also provide comprehensive legal consultation and registration services.

Address

247/68, Sammakorn Village, Soi 25/8, Ramkhamhaeng 112 Road, Saphan Sung Subdistrict, Saphan Sung District, Bangkok 10240, Thailand

Phone number

062-652-4259

E-mail

disavorabuth@gmail.com

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Know Before Marriage: Personal Property and Marital Property