Marriage is a union that brings two individuals together. While some couples enter into marriage with their own material possessions and wealth, there are others who acquire all possessions, including property, together. In the unfortunate event of a divorce, the biggest issue becomes how this property can be shared and possibly sold off for equitable sharing of value in the form of finances.
Types of marriages in South Africa
Civil Marriages - A civil marriage is a marriage that can only be entered into exclusively between a man and a woman. This happens to be the most popular marriage practice in the country.
Customary Marriages - Commonly referred to as traditional marriages, this type of marriage is recognised under the indigenous African customary law.
Civil Unions - Civil Unions are provided for in the constitution for same sex couples.
What are the legal principals which guide property ownership and disposal in a marriage and divorce scenario?
South Africa’s constitution has sufficient provisions which clearly stipulate the arrangements marriage partners can consent to in order to make the management of a property in the case of a divorce easier. Below are the key legal provisions:
Marriage in community of property - This means that whatever assets and liabilities two partners had before marriage are merged together into one joint or communal estate upon marriage. The only items which can be exclusive are instances where the will specifically states that a particular property must be excluded.
Marriage out of community of property – This legal statute entails each spouse will retain full control and contractual capacity of their estate which includes all assets and liabilities acquired both before and during the marriage.
Marriage out of community of property with accrual – This legal provision addresses the aspect of sharing of the assets that are built up during the marriage. This means, each spouse has a right to take what he or she had acquired before marriage and equally split what was bought or developed together in marriage.