Nearly 24 000 divorce forms were submitted in 2019 and divorce rates decreased year-on-year since 2017, Stats SA revealed in its latest report on marriages and divorces released in 2021.
The numbers further illustrate a decrease in marriages, with the age of those getting married for the first time increasing.
South Africa’s divorce rate is relatively low compared to other countries. However, as newlyweds are getting older, it reinforces experts’ views that antenuptial contracts are an important investment since older newlyweds have already acquired assets by the time of marriage.
Antenuptial contracts serve as insurance for your marriage and go further to protect you and your spouse.
If you choose to protect yourself and your loved ones from unforeseen circumstances such as damages to your home, or fatal illness, why would you not protect your dearest when it comes to marriage?
An antenuptial contract protects property, education, or retirement funds you may have acquired before or after the marriage and prevents the taking on of spousal debt in the event of a divorce.
At CMM Attorneys, we know your needs are unique and therefore, we offer solutions suited to every aspect of your life. For premier guidance through antenuptial contracts, get in touch with us here.
This article is a general information sheet and should not be used or relied on as legal or other professional advice. No liability can be accepted for any errors or omissions nor for any loss or damage arising from reliance upon any information herein. Always contact your legal adviser for specific and detailed advice. Errors and omissions excepted (E&OE)