Legal Blog - Louwrens Koen Attorneys #marriage contract

•  18-03-2023 05:21 AM

If you get married in community of property, your credit rating will be affected. In this type of marriage, both spouses are jointly and severally liable for any debt incurred by either party, regardless of whether it was incurred before or after the marriage.

•  18-03-2023 05:14 AM

As a South African attorney who cares deeply about the well-being of couples getting married, I have noticed a recurring pattern at the various marriage expos we attend every year. Many couples seem unaware of the importance of discussing and understanding the legal implications of marriage, especially when it comes to antenuptial contracts.

•  18-03-2023 04:45 AM

If you don’t draw up an antenuptial agreement in South Africa then your marriage automatically defaults to ‘in community of property’, and the state assumes that all assets and liabilities will be shared – ‘everything which is mine is yours, and everything which is yours is mine’.