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Most South Africans are married either under an anti-nuptial contract (ANC) with accrual or a traditional marriage. The latter is marriage in community of property which means that there is only one estate and this is owned equally by the spouses. Under an ANC with accrual, what each spouse brings into the marriage remains theirs. There are then two separate estates which increase in value equally after marriage. However, there are certain increases which do not get shared – 1) Distributions from trusts or deceased estates, donations from third parties. 2) Damage awards from slander or defamation type of…

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We take a lot of trouble to ensure that we get married under ANC so that there are two separate estates and if one is bankrupt the other isn’t. Likewise we set up discretionary trusts to protect assets from creditors if one of us should be bankrupt. Signing surety destroys these protections. The trust’s company is unlikely to be able to raise a bond unless you sign surety, so that one is pretty much unavoidable. What should be avoided is both of you signing surety, because that means that the marriage under ANC is also no protection. It is the…

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