Wynpress Vol 68 No 41 29 June 2017

Wynpress Vol 68 No 41 29 June 2017

The Rotary Club of Wynberg’s June focus on fellowship coincided with a timely editorial addressing marital property rights in South Africa. The piece emphasized that marriage fundamentally reshapes financial and legal dynamics, particularly regarding property ownership. It explained that while the default marital contract in the country is “in community of property”—granting joint ownership of all assets, pre- or post-marital—many couples opt for anti-nuptial agreements to define ownership terms. These contracts, whether with or without accrual provisions, determine how assets are divided in cases of divorce or death, with accrual ensuring equal sharing of marital assets while preserving pre-marital ownership. The article stressed the importance of legal consultation and open dialogue between partners to align expectations.