Choose Your Matrimonial Property Regime - Your Marriage, Your Wealth, Your Choice #marriage in community of property

You must choose your matrimonial property regime before getting married. In South Africa, your choice of marriage contract is the most significant financial decision you will ever make. It defines who owns your assets, who is responsible for your debts, and how your wealth is protected for the future. You are therefore urged to carefully consider your options.

Marriage IN Community of PropertyOne Joint Estate, Shared Risk, and Shared Assets

The most prejudicial consequence of marrying in community of property, is that assets in the joint estate will always be vulnerable to the claims of creditors of both spouses. This marital regime is definitely not recommended for spouses running their own independent businesses as premarital and post-marital liabilities will become communal, thereby endangering the good standing of not just one, but both spouses.

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