Document background
A Simple Prenuptial Agreement is a vital legal document used in South Africa by couples planning to marry who wish to establish clear financial and property arrangements before their union. This document is particularly relevant when parties wish to maintain separate estates or protect pre-existing assets, operating under the framework of the Matrimonial Property Act 88 of 1984 and other relevant South African legislation. The agreement typically creates an out of community of property regime, detailing each party's assets and liabilities, future financial obligations, and arrangements in case of divorce or death. It must be executed before marriage and requires proper legal counsel for both parties to ensure validity. The Simple Prenuptial Agreement should be notarized and registered at the Deeds Office to be legally binding under South African law.
