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Antenuptial Agreement South Africa

December 3rd, 2020 in by admin

A premarital agreement (also known as a conjugal or pre-marital agreement) is a written contract between two people about to marry or enter into a civil union. The agreement defines the conditions of ownership of property, the treatment of financial income during marriage, control and ownership of the property, and how things are shared when the marriage is over or when your spouse dies. In short, it`s about protecting your rights as an individual and simplifying things in an emotionally painful division. A conjugal agreement with the separation of periods is just like a marriage agreement without limit, except that increases or decreases are shared in each partner`s discounts. Marriage of the condominium (antenuptial) There are 2 marriage contracts: co-ownership or an association agreement. If you decide to get married in a property community, your assets will be evenly divided. If you do not want your assets released, you must sign a cancellation agreement before you get married. If you do not sign an antenuptial contract, you will automatically be married in a property community. As leading South African family lawyers, we see the practical consequence of the day-to-day decisions of the matrimonial regime. Our experience can help you make the best choice and ensure that your prenup or cohabitation agreement meets your requirements. The decision to marry in the condominium or with a conjugal agreement determines who gets what in the event of death or divorce. The wrong decision can lead to great emotional hardship, delays and frustration. This is an important issue that must be carefully considered by all pre-subjects.

Would you like to be better informed about legal agreements? Here are 5 things you need to know before signing a contract. Marriage in the property community is the standard marriage scheme applicable to the parties, because if the parties do not enter into an association agreement, this system is automatically applied. In a marriage agreement without compensation, significant increases in the wealth or debts of one party during the marriage are not shared by the other party in the event of death or divorce. Today, there are two good alternatives to consider while dressing your marriage: marital agreement with or without delimitation. If you do not have a marriage contract before your wedding, you will automatically be married in a condominium. That should give you an idea of the importance of this agreement, but let`s break it down a little more.

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