Why register an Antenuptial Contract?

There are various reasons why some people prefer to enter into an Antenuptial Contract in order to be married out of community of property. The most common reasons are that:

 

  • They do not want to be held liable for any debts that the other spouse may have incurred prior to the marriage;
  • They do not want to be held liable for any debts that the other spouse may incur during the marriage;
  • They want to protect assets such as a house from creditors, particularly if one of the spouses has a business of his or her own, and they would therefore want to be able to register the house in the name of the other spouse;
  • One or both spouses have assets at the time of the marriage that they don't want to become part of a joint estate;
  • They want to be able to enter into transactions without having to obtain the consent of the other spouse;
  • During the marriage each spouse retains control of his or her own property, builds up his or her own estate and each is responsible for his or her own debts.

 

Copyright © 2019 EZ Legal Solutions (Pty) Ltd.
All rights reserved - no reproduction of any content without author's written consent.