MATRIMONIAL PROPERTY GUIDE. “make sure your future is secure”. INTRODUCTION.
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“make sure your future is secure”
1. In Community of Property;
2. Out of Community of Property including the Accrual system; and
3. Out of Community of Property excludin the Accrual system.
1 remuniration, earnings, bonus, allowance, royalty, pension or gratuity, by virtue of his profession, trade, business, or services rendered by him;
2 damages for loss of income contemplated in 1 above;
3 inheritance, lagacy, donation, bursary or prize left, bequeathed, made or awarded to the other spouse;
4 income derived from the separate property of the other spouse;
5 dividends or interest on or the proceeds of shares or investments in the name of the other spouse;
6 the proceeds of any insurance policy or annuity in favour of the other spouse;
(a) sell listed securities on the stock exchange and cede or pledge listed securities in order to buy listed securities;
(b) alienate, cede or pledge a deposit held in his name at a building society or banking institution or building society shares registered in his name.
(2) A party to legal proceedings instituted or defended by a spouse may not challenge the validity of the proceedings on the ground of want of the consent required in terms of (1) (a-c) above.