Some of the other consequences of the absence of common law marriage in the South African context are: The disadvantages of this form of marriage are however, much and generally less than the ideal; In a marriage agreement without compensation, significant increases in the wealth or debts of one party during the marriage are not shared by the other party in the event of death or divorce. What are the terms and conditions of a valid marriage? A person entitled to marry between two persons, such as ministers of a religion or a person appointed marriage officer by the Minister of the Interior. This is identical to a “marriage of co-ownership,” but the delimitation system will be applicable. The delimitation system is a formula used to calculate the amount of the largest estate to be paid to the smallest estate as soon as the marriage ends in death or divorce. Only property acquired during the marriage can be taken into account when calculating the delimitation. The delimitation system is not automatic and must be included in a preliminary contract. If you decide to get married from the condominium and without the application of the delimitation, the result will be that everything that belongs to you before the marriage and everything you buy during the marriage will remain the exclusive property of your spouse. This applies to both assets and liabilities. There is a succession between a man and a woman.
Assets and liabilities acquired before or during the marriage period are divided equally into undivided shares (50%) They`re divided. Both spouses are jointly liable to creditors. This matrimonial regime is born automatically, unless another regime is elected. Three types of marriages are recognized by South African law: civil marriages, ordinary marriages and civil unions. This contract offers 2 options, marriage with or without a delimitation system. In this matrimonial regime, each partner`s estate is estimated at the time of marriage and again when the marriage ends. This can be complicated and lead to delays, but is often chosen by partners who are both independent of the rich before getting married as the fairest solution. If you decide to marry in the property community, the consequence is in fact that you and your fiance, legally, cease to exist as individuals and for all commercial purposes, will be considered one.
What you both put into marriage and everything you earn during your marriage will be part of a common estate to which you will both have equal and undivided shares. If the marriage were to dissolve, the common succession would be divided into two and divided equally between them. This is the most basic form of marriage and has the advantage of not needing a notarized and registered contract and thus saving legal costs. Some people think it`s also the fairest way to get married. A marriage contract determines the distribution of your property in the event of death or divorce. However, your will, which deals with the division of property after death, can determine the distribution of your property if your marriage contract is not properly concluded. If you choose the option of a demarcation marriage contract and want to exclude the assets, the system will ask you to list these assets and their approximate values. Assets must be described in detail in the sense of this model. A contract that determines whether a marriage is renovated with/without the redistricting system.
A pre-marriage is treated by two witnesses and a notary by persons entering into a marriage, and must be de facto registered at the registry within the prescribed time frame. We can help you choose the type of marriage contract that best suits your living conditions.