More and more couples are becoming aware of the practical consequences of marrying in community of property only after the wedding — often when a spouse's business risk, existing debt, or a major purchase brings the issue into focus. Because an antenuptial contract must be signed before marriage, couples in this position cannot simply sign one after the fact.
The section 21 application
Section 21(1) of the Matrimonial Property Act 88 of 1984 allows spouses to apply jointly to the High Court for leave to change their matrimonial property system. This is sometimes referred to informally as a "postnuptial contract", though the correct route is a court application followed by registration of a notarial contract.
What the court needs to see
- Sound reasons for the proposed change
- Proof that notice was given to the Registrar of Deeds, and published in the Government Gazette and two local newspapers, at least two weeks before the hearing
- Proof that known creditors were notified by certified post
- Confirmation that no other person will be prejudiced by the change
- A draft notarial contract setting out the new matrimonial property system
Is it worth it?
This process is more expensive and slower than signing an antenuptial contract before marriage, given the advertising, notice and court requirements involved. For couples with significant asset or liability exposure between spouses, however, it can still be a sound long-term decision.
If you are considering this route, our family law team can talk through whether your circumstances are likely to meet the court's requirements before you commit to the process.
AJ van Tonder Inc Attorneys