26/06/2022
Can married parties change from being married out of community of property to being married in community of property, or vice versa, after the marriage?
As advisable as it is, it is seldom that spouses to be seek professional advice on the effects and consequences of marriage before getting married to each other. Some spouses only find out about the three available matrimonial regimes in South Africa on their divorce or on the death of another.
There are currently three available matrimonial regimes in South Africa which the parties can choose from, namely: (i) in community of property; (ii) out of community of property; and (iii) out of community of property with the accrual system.
The default matrimonial regime is in community of property. To avoid this, parties must enter into, and sign, a notorial contract (known as Antenuptial Contract) before a Notary Public and before their marriage. Therefore, if the parties get married without signing the Antenuptial Contract, the applicable matrimonial regime in their marriage will be in community of property.
However, in terms of section 21 of the Matrimonial Property Act 88 of 1984, spouses can apply to Court for leave to change the matrimonial regime applicable to their marriage by entering into, and signing, a notorial contract (known as Postnuptial Contract). To succeed in this Court Application, parties must satisfy the Court that: (i) there is/are good reason(s) that necessitate the change; (ii) sufficient notice has been give to all creditors; and (iii) no one will be prejudiced by the change in their matrimonial regime should the Court grant the leave sought.
All three matrimonial regimes have their respective advantages and disadvantages depending, of course, on the prevailing circumstances of the parties involved. Unfortunately, such advantages and disadvantages cannot be discussed herein.
The importance of seeking professional advice on the effects and consequences of marriage before, or even after, getting married cannot be overemphasised. For more information, contact your Legal Practitioner or contact us on any of our contact details below.
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