Postnuptial Contract with Accrual. The Most Popular Choice for Modern Couples
In South Africa, couples who marry without an antenuptial contract (ANC) are automatically married in community of property, merging their assets and liabilities into a single joint estate. However, many couples later realise that this default regime exposes them to significant financial risks, such as shared debt liability. Under Section 21(1) of the Matrimonial Property Act 88 of 1984, spouses can apply to the High Court to change their regime to a postnuptial contract with the application of the accrual system, which is currently the most popular choice for those seeking a balance between independence and equity