Do I Need a Prenuptial Agreement?

We Have Simple Answers for You!

What is a Prenuptial Agreement?

In South Africa, Prenuptial Agreements better known as “Prenups” are called Antenuptial  Agreements. This is an agreement entered into by a couple before they get married which aims at protecting their individual interests.

What are my Options?

You can choose between

  1. An Antenuptial Agreement without Accrual

    In the event of your death or a divorce, your spouse is only entitled to what he or she has accumulated over the course of the marriage. If your spouse is declared insolvent, you will be protected from any creditors. Lastly, if you fail to support yourself financially, your partner will be legally obliged to support you.

  2. An Antenuptial Agreement with Accrual

    Before you enter into marriage, you and your spouse will list down all the assets you want to be excluded from the accrual. Whatever is then accumulated during the period of the marriage by both spouses is divided equally. Each partner is financially independent.

What Happens if I do not get a Prenuptial Agreement?

In South Africa, if you do not have a prenuptial agreement, you are automatically married in community of property, meaning that everything is shared 50/50. If you fail to acquire a prenup before you enter the marriage, you may enter a post nuptial contract after you are married.

We hope this has been as useful as it is simple.

Disclaimer

The information contained on https://mysimplifiedlaw.wordpress.com at providing you with guidance on the South African law. We have ensured that this information is accurate, however, the law is constantly being changed. Although we have tried to keep this information accurate, we cannot guarantee that there are no omissions or errors. Therefore, http://www.mysimplifiedlaw.wordpress.com will not , under any circumstance accept liability for or be held liable for consequences resulting from the use or inability to use the information by the reader or negligence by us in relation to the information used. Every person has unique circumstances and this information has not been provided to meet individual requirements.

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