Document background
The Civil Wedding Prenup is a crucial legal document in the Philippines used by couples planning to enter into a civil marriage who wish to establish clear property and financial arrangements different from the default property regime under Philippine law. This agreement allows couples to opt out of the default absolute community of property regime and create customized arrangements that better suit their circumstances. The document must comply with the Family Code of the Philippines and requires proper execution before a notary public. It typically includes comprehensive details about existing assets, debts, future property rights, and management of financial affairs during marriage. The agreement becomes effective upon marriage and must be registered with appropriate authorities, particularly if it involves real property. It's especially relevant for couples with significant pre-marriage assets, business interests, or those entering second marriages.
