No one likes to think about the end of a marriage (whether through death or divorce), especially if the marriage hasn`t even happened yet, but it`s a factor to consider when deciding which marital property system is best for both parties. Since marriage is essentially a contract anyway, the value of an antenuptial contract is appreciated by many reasonable couples who want to make sure that the terms of it best meet their future needs. Harrison Kordestani is an executive with over twenty-five years of experience in entertainment and media, energy, technology and start-ups. Mr. Kordestani has also developed a specialized practice in legal and strategic advice representing selected clients in the entertainment, oil and gas, mortgage and technology start-up sectors. He is also deeply passionate about new technologies and has also actively worked on building businesses in the fields of video on demand, wearable technology, object information, demand forecasting and application marketing. As a lawyer, Mr. Kordestani has focused on drafting and negotiating transactions, as well as ongoing legal advice, compliance with corporate regulations and contract interpretation for many individuals and companies in various fields. A marriage contract must be signed before the marriage, but does not need to be registered before the marriage. You will receive a certificate from the notary as proof from the marriage agent. The contract must be registered in a deed office in South Africa within three months of its execution (signature).
Without professional legal advice, the antenuptial contract can cost you much more in the long run than if you had paid for the antenuptial contract to be properly drafted by a lawyer. When drafting a prenup, there is usually a meeting with the clients, and then the lawyer has to prepare the contract. After reviewing the prenup, customers can decide that it needs to be revised. In some states, it may also be necessary for the lawyer to be present at the signing. It should be clarified whether the package includes these additional sessions and services. There is no difference between a prenup and a prenup. The latter term is more commonly used in the United States. Both are contracts between two people who want to get married. An antenuptial contract is a contract that two people entered into before their marriage. Marriage contracts are legal contracts that couples can conclude before marriage.
A prenup documents each person`s assets before marriage and determines how financial matters are handled in the event of divorce. Companies that advertise cheap or free back-up contracts do not provide professional legal services and advice, as they only provide a template for antenuptial contracts. How much does a marriage contract cost? A prenuptial agreement, sometimes called a prenupial or prenup contract, is often discussed when a couple decides to get married. It is said that almost half of all marriages in South Africa end in divorce. And that number could be conservative. Unfortunately, divorce usually comes with great dissatisfaction with how the assets that both parties have accumulated over the years should be divided. The marriage contract will largely determine how these assets are to be divided. Therefore, it is worth spending time questioning the different forms of marriage contracts and how each of them can affect asset sharing later. While a prenuptial agreement, like all contracts, is a legally enforceable contract, there are several ways to challenge the validity of a prenuptial agreement in a dispute. Sometimes a couple already has a prenup contract or has started drafting a prenup contract from a template. In this case, they want an experienced lawyer to review their contract.
Once you have concluded an agreement, the contract will be signed and subsequently submitted to the document administration for registration. Brittany advises start-ups as well as emerging and listed companies at all stages of growth with a focus on incorporation and corporate governance issues, securities, venture capital financing, mergers and acquisitions and other strategic transactions, commercial contracts and general management consulting. Brittany represents clients in a wide range of industries, including technology, automotive, mobility, digital health, consumer goods and manufacturing. It is highly recommended to get the help of a family law lawyer to draft a marriage contract, as this document is crucial. Prenups must contain specific information, and if the contract is poorly prepared, it cannot be defended in court. This system gives each spouse absolute independence from contractual capacity and protects each spouse`s estate against the claims of the other spouse`s creditors. The cost of the antenuptial contract in South Africa varies, however, the lawyers of Van Deventer & Van Deventer Inc. in Sandton offer full services at an all-inclusive price.
Contact Van Deventer & Van Deventer Incorporated for your antenuptial contract. All marriages that are not governed by a marriage contract are automatically in community of property. This system radically changes the status of spouses and their power to administer their estates. Separate estates of husband and wife combine to form a common succession in which each spouse has an equal right and over which he shares the same power. The estate is now the joint property of both spouses, and if one of the spouses wishes to perform certain legal acts or initiate certain legal proceedings against a third party, he or she must obtain the written consent of the other spouse. In any event, a spouse married in community of property may not bring an action against the other spouse for pecuniary damage. The effects of marriage in a community of property should therefore be carefully considered, since creditors could seize all the assets of the common estate in the event of the insolvency of one of the spouses. If you`re considering a prenuptial agreement, the first question most couples ask themselves is how much it will cost. Let`s look at this issue and review some general information about prenuptial agreements. • The ANC is designed and pre-approved by you before it is signed. • The signing of the ANC is done in the presence of a notary before the wedding. • The marriage can take place immediately afterwards.
• Leoni Naude Inc. will send a letter to the marriage agent confirming that the ANC has been legally concluded. • The ANC is registered by Leoni Naude Inc. at the Certificate Office. • Once we have received the registered contract of assignment from the deed office, we will contact you to retrieve the original contract. In addition, the cost of registering an atenuptial contract with the certificate office at that time is a fixed price of R400. This means that no antenuptial contract is really free.