The importance of an antenuptial contract, or ANC as it is often
called, cannot be overstated. It is often the most important
document that one will ever sign, however it is often given little
regard when planning a wedding.
MATRIMONIAL PROPERTY REGIMES
There are three matrimonial property regimes which we will focus
on, namely a marriage in community of property, a marriage out of
community of property without accrual and a marriage out of
community of property with accrual. A marriage is dissolved by
death of a party or by divorce.
MARRIAGE IN COMMUNITY OF PROPERTY
A marriage in community of property is the default matrimonial
regime applicable to parties, in that should the parties fail to
conclude an antenuptial contract, this system will automatically
apply.
