What does Community of Property mean?
Getting married is a big step in a number of ways. The union of two lives doesn’t only end on the wedding day. Individuals become one not just emotionally and spiritually, but also financially. It’s important for couples to plan for the marriage thoroughly. This includes making arrangements for financial implications of marriage.
In South Africa, if you get married without making arrangements for signing an antenuptial contract, you are automatically married in community of property.
Getting married in community of property means that the assets you and your partner owned before and during your marriage are combined. It also means that you will need to obtain written permission from your spouse to buy or sell property.