A prenuptial agreement outlining the accrual system for financial asset sharing where a Special Power of Attorney is concluded.
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Antenuptial Contract with Accrual - Special POA granted - South Africa
R 818.85
An ante nuptial contract with accrual, with a special power of attorney so the contract can be signed on your behalf if you cannot attend the notary.
Summary The Ante-Nuptial agreement without accrual is used by a prospective husband and wife, who has signed a special Power of Attorney for another party to appear in front of the Notary on their behalf, to exclude assets obtained before getting married; Each spouse keeps his/her own assets and has their discretion on how to deal with their finances; Married couples are not liable for each other's debt.
Who should use this Ante-nuptial with accrual Agreement? The Ante-Nuptial agreement with accrual is used by a prospective husband and wife, who has signed a special Power of Attorney for another party to appear in front of the Notary on their behalf, who want to enter into a marriage out of community of property and want the accrual system to apply to their marriage.
What does the template Ante- nuptial contract with accrual say? The Agreement consists of: the details of both the intended husband and intended wife’s details, Details of the person appearer on behalf of the parties, Accrual as it is covered in Chapter 1 of the Matrimonial Property Act, exclusions, calculation of accrual, Notary details, Signature of witnesses, Signature of Notary and the intended spouses.
What does the Ante-Nuptial Contract look like? The template ante-nuptial contract can be printed onto six A4 pages.
What do you need to do to use the Ante-Nuptial Contract?
Also known as: Marriage agreement out of community of property with accrual
This version marries you out of community of property with accrual, so each estate stays separate but the growth built up during the marriage is shared.
It also includes a special power of attorney, which lets someone else sign the contract before the notary on your behalf if you cannot be there yourself.
Couples who want an ante nuptial contract with accrual and know that one of them may not be able to attend the signing in person, for work, travel or distance reasons.
The contract has to be signed before the wedding, in front of a notary public, and then registered at the Deeds Office. Getting the commencement value of each estate right matters, because that figure is what the accrual is measured against later.
An ante nuptial contract with accrual is a template for you to adapt and take to a notary.
This is a template for you to adapt and take to a notary, not legal advice on your own circumstances. A power of attorney gives someone authority to act for you, so be clear about what you are granting before you sign.
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