Why Is It Important To Have a Pre-Nup Agreement?

May 24, 2022

The world is currently watching the defamation trial of Johnny Depp vs. Amber Heard in Fairfax, Virginia, and people appear to be deeply confused and invested in it. In case you missed it, here’s a brief background on what’s happening: In 2012, Depp and Heard had split up with their respective partners and began dating each other. Not long after, around 2014, they got engaged, and in 2015, they got married. Then, in 2016, Heard filed for a divorce. Four days later, she filed a request for a restraining order. Heard accused Depp of domestic violence. Depp’s camp denied the accusation saying that Heard was lying. Heard says Depp abused her. Depp says Heard beat him. So, what’s the truth? Fast forward to 2022, the couple may have split years ago, but they are continuing to battle in court over an op-ed Heard wrote for the Washington Post in 2018, in which she described surviving domestic violence. Depp is suing for $50 million in damages and denies ever being physically violent with Heard.

This unfortunate airing of court battles may have been avoided with a prenup. But first, what is a prenup agreement? Should you think about getting one yourself? A prenuptial agreement could significantly save you and your partner in the future in so many ways. A prenup is a written contract created by two people before they tie the knot legally. It typically lists all of the property each person owns and specifies what each person’s property rights will be after the marriage. A prenuptial agreement may protect you from public litigation like what Depp’s facing right now, as using a confidentiality agreement in conjunction with a prenuptial agreement may prevent general arguments, accusations, or bickering. A prenuptial agreement would protect significant assets owned and income earned before marriage. A prenuptial agreement would protect you from your partner’s debts and liabilities and vice versa. These are just some of the long lists of the importance of prenup.

Have you heard what a prenup agreement is? You may have heard about prenuptial agreements in the Philippines through teleseryes and movies when a middle-class person is about to marry a wealthy fiancé, familiar, right? But contrary to popular opinion, prenuptial agreement in the Philippines is not just for the rich. While one of the importance of a prenup is to protect the assets and wealth of each individual, a prenup also defines what property right each person will have after the marriage. It is also significant for people with children before the wedding to avoid the long and complicated discussion of who will get this and that property and assets after the death of their spouse and parent. A Prenuptial agreement is legally binding, should be in writing, with the signature of both parties, and created before the marriage. In the absence of a prenup, each property will become conjugal possession after marriage.

We may not control what is bound to happen in our future or current relationship, but preparing for marriage and family life could make a huge difference for you and your significant other. The first of many things to know is how to choose the right partner. It may seem weird, but at one point in your life, you may have to take the time and ask yourself how to choose the right partner, or if your current partner is the right partner for you, or whether your partner is on the same page with you in terms of goals, both short-term and long-term, plans, beliefs, priorities, and current status in life. You have to know these things and more before you can commit to someone legally for the rest of your life because, let’s face it, love is not always the answer, and love is definitely not the most practical and economical answer when it comes to money.

Marriage trouble in the future. Preparing for marriage and family life is one of the major facets of life you should know. A couple should be prepared and capable of raising a family before actually having one. Life nowadays is not as easy as we thought it was. Preparing a fund for education, medical bills, emergency funds, and even relaxation is essential in raising a healthy and sensible family. A place to live is also one of the major things to prepare in starting up a family. Is your family okay living in a rural setting? Or is your family into condo living for easy access to the city?

Condo living is one of the most affordable and intelligent options for a starting couple with plans to stay in the city. You might want to consider a condominium with a proven developer and quality of work and amenities for aspiring condo homeowners. Vista Residences, one of the leading condominium property developers here in the Philippines, has been providing families with quality units that give their users the freedom to shape them however they want. The company has a lot more to give to the Filipinos looking for their home. It is now anticipated to bring more mid-rise to high-rise condominium properties to other developing districts in different locations, especially in Metro Manila. Condominium units are strategically distributed all throughout the National Capital Region, namely, Manila, Mandaluyong, Ortigas, Makati, Taguig, and Quezon City. Vista Residences also has units in the Luzon area - in Baguio, in Visayas - in Cebu, and in Mindanao - Cagayan De Oro. All the units in these locations are designed to suit every type of condo living for its users.

Suppose you’re into pre-selling condos in Manila. In that case, you may want to check out Vista Residences’ pre-selling projects, namely, Kizuna Heights (along with Taft Avenue), Sky Arts (along with Malate, Manila), Plumeria Heights (along Taft-Quirino-San Andres intersection), Tennyson Heights (along Legarda), Vista Recto (along Quiapo), and Bradbury Heights (along Sampaloc, Manila). These pre-selling condominiums are equipped with top-notch amenities perfect for people looking for properties inside Manila that lie around major universities, accessible location points, and conveniences around Manila. These pre-selling condominiums are also equipped with contemporary lifestyle experiences such as chic cafes, restaurants, groceries, and even convenience stores that will foster residents, helping them live their lives and deserve. Vista Residences has a lot more to give to the Filipinos looking for their home as it is now anticipated to bring more mid-rise to high-rise condominium properties to other developing districts in different locations, especially in Metro Manila. It is time to think about you and your future family’s ideal living space and make it happen. Start your journey with Vista Residences.

For more information on Vista Residences, email [email protected], follow @VistaResidencesOfficial on Facebook, Twitter, Instagram, and YouTube, or call the Marketing Office at 0999 886 4262 / 0917 582 5167.

Also Read: What You Need to Know About Conjugal Property & How it Works

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