Antenuptial Contract Excluding Accrual
When you marry in South Africa, and you decide to conclude an antenuptial contract before you marry, you have 2 options available to you.
You can elect to exclude the operation of the accrual system as provided for in the Matrimonial Property Act.
If you do so, in essence, the husband and wife continue to own all of their assets acquired before the marriage as well as any assets acquired by them individually after the marriage.
The husband and wife are not liable for each other’s debts, whether incurred before or after the marriage.
This type of contract may be beneficial for you, depending on your particular circumstances.
At Simpson Incorporated we have 30 years of expertise to advise you on the type of antenuptial contract that best serves your circumstances.
Marriage also has other important legal consequences, including estate planning. We can also assist you will the drafting and execution of a will at an affordable rate. We look forward to being of assistance to you.