A prenuptial agreement excluding asset sharing and future accrual calculation.
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Antenuptial Agreement without Accrual Template - South Africa
R 818.85
Summary The Ante-Nuptial agreement without accrual is used by a prospective husband and wife 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 without accrual Agreement? The Ante-Nuptial agreement without accrual is used by a prospective husband and wife who want to enter into a marriage out of community of property who want to keep their estates completely separate throughout their marriage and do not want any accrual to occur during the marriage.
What does the template Ante- nuptial contract without accrual say? The Agreement consists of: the details of both the intended husband and intended wife’s details, Accrual being excluded, 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 four A4 pages.
What do you need to do to use the Ante-Nuptial Contract?
Also known as: Marriage agreement out of community of property without accrual
Marrying out of community of property without accrual keeps the two estates completely separate. What each of you owns before the marriage stays yours, and so does anything you build up during it.
If the marriage ends, neither spouse has a claim on the growth in the other estate. There is no sharing to work out.
An antenuptial agreement without accrual suits couples in South Africa who want their finances kept fully separate, which often matters where one partner is in business and the other should not be exposed to that risk.
An antenuptial contract has to be signed before the wedding, in front of a notary public, and then registered at the Deeds Office. A draft that never gets to a notary does not do the job.
Once you are married, changing the matrimonial property regime means a High Court application, which is slow and expensive. It is worth getting this right first time.
An antenuptial agreement without accrual is a template for you to adapt and take to a notary, not legal advice on your own circumstances. Because it decides how your assets are treated for the whole marriage, talk it through with an attorney or notary before you sign.
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