Antenuptial Agreement In South Africa

The estate of each partner remains exclusively with them before, during and after the marriage: in a marriage contract without creation, significant increases in the assets or debt of one party during the marriage in the event of death or divorce are not shared by the other party. A pre-marital contract (also known as a conjugal or pre-marriage contract) is a written contract between two people about to marry or engage in a civil status union. The agreement sets out the conditions for holding assets, the treatment of financial income during marriage, control and ownership of the property, and how things are distributed when the marriage ends or when your spouse dies. In short, it`s about protecting your rights as an individual and simplifying things in an emotionally draining division. If you don`t have a marriage contract before your wedding, you`ll automatically be married in a condominium…