There are three marriage regimes that a couple need to look at to suit their finances and personal preferences namely:
- Married in community of property –all assets and liabilities are shared equally
- Married ante nuptial contract without accrual – where there is no sharing of assets and liabilities before or during marriage
- Married ante nuptial contract with accrual – where there is no sharing of assets and liabilities before the marriage , however, assets and liabilities acquired during the marriage are shared equally
How Do We Know Which Contract Is Suitable for Us And Our Future Plans?
Consult with an attorney for proper and sound legal advice
- Your attorney will take into account all your finances and future plans and he/she will tailor make the contact to suit your purposes and intentions;
- All ante nuptial contracts must be entered into and registered before the marriage to have any legal effect.
- Take your financial records and investments as well as debts so that the attorney can make an informed decision.
- Above all, be honest and transparent with the person you intend marrying.