Antenuptial Contract South Africa Online: A Guide
When getting married, many couples overlook the importance of prenuptial agreements. An antenuptial contract, often abbreviated to ANC, is a legal document that outlines how a couple`s assets will be divided if their marriage ends in divorce. In South Africa, an ANC is required by law if you want to be married out of community of property. Fortunately, with the advancements in technology, it is now possible to get an antenuptial contract online in South Africa. In this article, we discuss what an antenuptial contract is, why it is necessary, and how you can get one online.
What is an Antenuptial Contract?
An antenuptial contract is a legal agreement made between two people before they get married. The contract details how their assets will be divided in the event of a divorce or if one of them dies. There are two types of ANC that couples can choose from in South Africa, namely:
– In Community of Property (ICP): In this type of ANC, all assets and liabilities of the couple are shared equally. Assets acquired during the marriage belong to both parties and are divided equally in the event of divorce.
– Out of Community of Property (OCP): In this type of ANC, each person retains ownership of their assets and liabilities acquired before and during the marriage. Each person`s assets are protected from the other`s creditors and will not be divided in the event of a divorce.
Why is an Antenuptial Contract Necessary?
An antenuptial contract is necessary for several reasons. First, it enables a couple to protect their assets in the event of a divorce. Without an ANC, all assets and liabilities will be shared equally, which may not be what either party wants. Second, it can protect each person`s assets from the other`s creditors. Third, it can protect each person`s inheritance in the event of the other`s death. Lastly, it can save a lot of time and money in the event of a divorce, as the couple will not have to go to court to have their assets divided.
How to Get an Antenuptial Contract Online in South Africa?
Getting an antenuptial contract online in South Africa is easy and convenient. You can use various online platforms that offer legal services such as Rocket Lawyer, Wills & Trusts, and LawLive. These platforms have legal experts who draft the contract, and you can sign it online using electronic signatures. The process is quick, efficient, and affordable. However, it is important to choose a reputable platform to ensure that the contract is legally binding.
In conclusion, getting an antenuptial contract is an important step that all couples should consider before getting married. With the ease of getting an antenuptial contract online in South Africa, there is no reason why one should not have one. It can provide a sense of security and peace of mind, knowing that you and your partner`s assets are protected in the event of a divorce.