The moment he goes down on one knee your world changes forever. Your fairy tale begins and nothing can disrupt the happiness that awaits you for the rest of your life. Or at least, that's how one expects it to be…
With every silver lining there is a cloud, and that unfortunately is ensuring that you are fully aware of the legal consequences of getting married. There are three forms of matrimonial property systems which not many people are aware of. Depending on which system you choose, this can have a serious impact, not only on your marriage, but on your personal life as an individual of society.
Without trying to sound too dramatic, in the event that you are not fully aware of the consequences of your matrimonial property system, you may find yourself in a situation where your personal assets may be attached and sold for the debts of your soon to be spouse.
It is vital that when you make one of the most important decisions of your life, that you do so with a clear mind and full knowledge of the type of marital system you choose, and for what purpose. Not only is it important to safeguard your assets, but to ensure that your credit record cannot be tainted where there is no fault on your part, and also to ensure equality in your marriage.
Bear in mind that in order for an antenuptial contract (before the wedding) to be valid, it must be entered into before your wedding day. Should you fail to do so, and want to change your matrimonial system after the wedding, the costs of a High Court application to do this can be as high as R30 000.00 and more.
See us for a free consultation where we can fully explain the different matrimonial property systems, in order to allow you to make an informed decision.
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