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If you’re looking to get married, it would be wise to make sure you know the different marriage contract types available to you. Scorpion Legal Protection explains the pros and cons of the different types of marriage contracts.
This marriage contract combines everything that you and your partner owned before and during your marriage, resulting in a joint estate that excludes anything you’ve inherited. The same principle applies to liabilities, like debts.
This marriage contract has two options. The first is with accrual, the second is without accrual.
Marriage with accrual protects the partner who is financially vulnerable. Marriage without accrual means your estates remain separate.
This marriage type means that both spouses have separate estates when they get married and don’t share profits or losses for the duration of the marriage. However, they will share the assets they acquire from the start of the marriage. The sharing of these assets only takes place once the marriage ends. This contract takes into account which estate has increased in value compared to the estate that remained the same or depreciated in value.
This marriage type keeps each partner’s assets completely separate – this applies to both the assets brought into the marriage, as well as those acquired after and during the marriage. In the case of divorce, neither spouse can make a claim on any assets belonging to the other. This also applies to liabilities.
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* This is only basic legal advice and cannot be relied on solely. The information is correct at the time of being sent to publishing.
Date added: 22 June 2022
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