Declaring nett commencement value in a separate document not registered in the office of the Registrar of Deeds

Section 6(1) of Act 88 of 1984 provides that parties may declare the net commencement values of their respective estates within six months of the commencement of the marriage. If the parties did not state the net commencement values of their respective estates in the antenuptial contract, they may execute a statement in accordance with this section. The statement is not required to be lodged and registered at the deeds office and is instead held by the notary in their protocol. High nett-worth individuals usually do not want to declare their nett asset worth in a public document.