your matrimonial property regime choices


Must be do before the wedding day!

With Accrual - Marriage out of community of property with the accrual system included explained

The accrual system is applicable to all marriages out of community of property, unless the prospective spouses specifically exclude the accrual system in their contract. 'Accrual' means increase and the accrual system is a form of sharing the assets that are built up during the marriage.

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Without Accrual - Marriage out of Community of Property without application of the Accrual system

ut community of property' means that the parties involved entered into a contract, a written agreement Notarised by a Notary Public prior to the marriage in terms of which each spouse usually retains his or her separate property and have complete freedom to deal with that property as he or she chooses. If during the marriage, one spouse is declared insolvent, the others property is protected from the insolvent spouse's creditors, subject to Section 21 of the Insolvency Act.

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In Community of Property - Marriage in Community of Property Explained

Marriage in Community of Property Explained.All assets, debt and liabilities are all pooled into one estate once the marriage is concluded, from which point onward, only one jointly owned estate will exist.

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