15/02/2024
What Is An Antenuptial Contract?
An Antenuptial Contract (ANC) is a marriage contract entered into by two people before they legally wed.
This will stipulate the terms and conditions for the exclusion of community of property between them.
This is also known as being married “out of community of property.” Each spouse usually retains their separate property and have complete freedom to deal with that property as they choose.
If one spouse was declared insolvent, the other’s property is protected from the insolvent spouse’s creditors.
The ANC must be registered in the Governmental Deeds Office within three months from the date of signature of the contract.
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