How did you get married?

In community of property or under a marital property agreement

You married in community of property

If you did not enter into a marital property agreement, you automatically married in community of property and either the former statutory regime or the current statutory regime may apply.

Before 1 January 2018
If you married in community of property before 1 January 2018, the starting point is that all assets and debts are divided equally (50/50).

On or after 1 January 2018
If you married on or after 1 January 2018, only the assets and debts acquired during the marriage and any assets jointly owned before the marriage are shared. Personal assets and debts owned before the marriage, and any gifts and inheritances received before and during the marriage, fall outside the division.

You married under a marital property agreement

If you married under a marital property agreement, the agreement sets out how assets and debts are to be divided upon divorce. Marital property agreements often contain a periodic settlement clause or a final settlement clause. If the periodic settlement clause has never been performed, it is assumed that all assets and debts form part of the assets to be settled and must still be divided equally (50/50).
 

If you agreed a final settlement clause under which settlement takes place as if you were married in community of property, all assets and debts must likewise be settled equally.
 

Marital property agreements often include exceptions for certain assets that are excluded from settlement, such as a business or the family home. The division or settlement therefore depends on the specific terms of your agreement.

Want to know more about marital property law?

In the event of a divorce, the property-law consequences of your financial conduct often only become fully apparent. If you run your own business, this may lead to additional complications. It is important to seek careful and expert guidance when disentangling marital and/or private assets, taking into account, among other things, tax-law aspects. We have specialist expertise in this area.

This could also be interesting for you