SHOULD YOU MARRY IN OR OUT OF COMMUNITY OF PROPERTY (incl. ACCRUAL) | MARRIAGE CONTRACTS EXPLAINED
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- čas přidán 26. 01. 2020
- In - what is yours is mine (including assets and debts before marriage
Out (completely) - what is yours is yours
Out (with an accrual) - what is yours is mine only upon death or divorce limited to only assets and debts accrued during marriage
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Very important topic also, my husband & I discussed topic way before our marriage, I wanted us to have an understanding. My biggest worry was that since we were planning to start a business we would lose everything if things were to go south. And the sad things is that half the time people are not aware of the implications of whatever regime they choose to go for which affects everyone in their lives at the end of the day.
Very true! We must be realistic with the type of lives we live, for you in community was definitely not going to work because as entrepreneurs you are risk takers.
I've been all over the internet and this is the best explanation. Thanks
Thank you 😀
This is the best i watched on the subject. You the best.
Thank you
Why did I not even know that you have a channel... I welcome myself and just subscribed. Well done Zee✊🏿👏🏻❤️
Thank you so much sthandwa, welcome 😀❤️
Been looking for a better definition of accrual. Thank you understood
Yaay 😄💃💃
Great video, very education and it's nice to get the information from someone who has been through all this. I personally think that Out of Community of Property with Accrual is distancing yourself from the mistakes but wanting to benefit from the wins. So I would choose completely Out of Community of Property
Thank you 😊 The most imoor
important thing is making an informed decision that works for you💯
thank you so much, you just helped me with my assignment
Yaaay 😀
Thank you so much Zee for this powerful information🤗
So happy to hear it's helpful 😊
@@mrstile5345 Thank so much for this information🙌
@@thandiswengwaqa6271 it's my absolute pleasure 😊
Mntase I am loving the consistency keep it up! I want to start my own YT channel, what camera do you use?
Thank I use a Nikon D3400 😀
@@mrstile5345 Okay mntase enkosi your video quality is good
thank you and all the best with the channel 😀
Well explained thanks
Pleasure ☺️
Thanks for this
Absolute pleasure
I see myself passing family law 😅😅♥️ Thank you 🔥
💃💃💃
New subbie here. So sorry to bombard you with questions. If my business I started during the course of the out of community of property but with accrual marriage, isn't doing well, say I'm very deep in debt. Is my partner liable to pay the other half of debt in the event of a divorce? Are they fully liable in the event of death?
You will have to watch video to understand the accrual calculation at death or divorce. It's not based on a particular asset or liability, but a comparison of the two net values.
Thank you so much for the information it's very helpful.
What I would like to know is, if you have entered into out of community of property with acrual and your husband has bought a house before you signed, what happens during death (let's say the husband dies) as you were both leaving in this house and as a wife you have been buying furniture and helping with decorating the house. What happens to the house?
You have no share of the house. Anything he bought before marriage is his alone, it does not accrue to you. Accrual only starts from the day you signed.
Thank you sisi
❤️❤️❤️
Can my spouse have share of my pension fund in the dissolution of marriage even thou I had already accumulated a certain amount of money before marriage if married out of community of property with acrual
Thank you for the share. The question I have is how the accrual part works when my husband bought the house before we signed, how is that shared in the accrual basis?
Anything bought before marriage is not shared. Only the once bought after marriage accrue to both
Oh well that is very informative dear,then what about the civil marriage? how it goes it terms of belongings/Assets
Do you mean customary marriage? Because the options I discussed on the video are for civil marriage (where you sign). For customary (e.g. Where lobola has been paid but no signing), the default is marriage in community of property as the couple would not have went to lawyers to get an antenuptual contract which is needed for marrying out of community of property (whether completely out or with accrual).
Tell me is it possible to change from in community of property to out of community of property.??.... bcos eihh😰😰 I'm drowning my wife with debts, whilst she is clean.
Hi. Yes it is possible. You need to consult a lawyer, specifically a notary. It is worth looking into.
In a community of property So if my wife is
declared bankrupt i am also bankrupt😒
Yep, you are seen as one person legally! So it means your assets can be attached to pay of her debts, because your assets are her assets. One person!
Great video.
Question: If a couple gets married out of community of property with accrual and in the accrual contract they both exclude their current and future pension funds. But they in turn write a Will that the pension fund should go to the spouse in the case of death. What will happen in this case because the Will and the accrual exclusions in the contract contradict each other? What will be considered?
The latest signed legal document will be considered meaning the will will go to spouse as per will
If I had a business before the marriage and I marry out of community of property with accrual, then the business does extremely well during the course of the marriage, then I decide to purchase assets like properties under the business, then divorce or death happens. Is my spouse entitled to any share of the business or any assets owned by the business purchased after we got married?
If I decided to start a business, on my own, or buy shares/stocks or even property during the course of the marriage .... Does my spouse get full entitlement in event of death or half in event of divorce?
Your spouse will have a share to all the assets that the business bought after your marriage in the case of death or marriage if the business is a sole proprietorship.
As the shares are bought during the course of your marriage, your spouse does have a share. It might not necessarily work out to be half, do watch video to understand how their share is calculated in the event of divorce or your death.
This is powerful information thanks dear.
Can we change from out of community of property to community of property?
Yes you can 😊