2023-11-08 at

Marrying for Money in Malaysia



I've had chats about this pop up at parties. And with some people I date from apps. Here are a few preliminary considerations.

1. If you need to determine an operating income which would make it worthwhile, take your professional rate and double it. If your salary is RM 20,000, you're going to need the deal to be worth RM 40,000. Why? The law does not prioritise pre-nups ... in a worst-case scenario, you lose half of what you own, plus or minus this and that.

2. If you don't like people, coaching, negotiating, and servicing with hospitality, you may want to double your rate again. Lol. Fortunately I already enjoy all of the above, so I am cheap.

3. There's a period of marriage where you can undo things - via an annulment. Following this period, for simplicity's sake, all property to be considered mutual should be in both spouses' names, or divided down the middle and transferred. This reduces messes in the event of any divorce, slightly, unless damages are sought for this or that, then you have to recalculate.

4. Generally unless one partner is exceptionally wealthier than the other, these deals don't make a lot of sense for reasons listed above. 

5. You probably want to get a legal consultation before you agree to marriage. Do this without your potential spouse. Then do it again with them, if you love them.

6. If you ignore all the legal and financial opportunities and risks of marriage, then you may be in for more fun than you anticipated. Nevertheless, the blind approach works for many people, so you shouldn't feel too bad if you belong in this category.

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