How Much Does an Antenuptial Contract Cost?
Planning a wedding is an exciting time, but amidst the celebrations, it’s crucial to consider the legal aspects of your union. One of the most important decisions you’ll make is whether to enter into an antenuptial contract (ANC). But how much does an antenuptial contract cost?
What Is an Antenuptial Contract?
An antenuptial contract is a legal agreement entered into by a couple before marriage. It outlines how assets will be divided in the event of divorce or death. Without an ANC, your marriage will automatically be considered “in community of property,” meaning all assets and liabilities are shared equally.
Why Do You Need an ANC?
- Asset Protection: Safeguard your pre-marital assets.
- Financial Clarity: Define ownership of assets and liabilities.
- Peace of Mind: Avoid lengthy legal disputes in the future.
How Much Does an Antenuptial Contract Cost?
The cost of an antenuptial contract can vary depending on several factors. Here’s a breakdown of what you can expect:
1. Attorney Fees
The primary cost of an ANC is the attorney’s fee. On average, you can expect to pay between R6,000 and R10,000 in South Africa, depending on the complexity of your assets and the attorney’s experience.
2. Notary Fees
An ANC must be signed in the presence of a notary public, who will charge a fee for their services. This typically ranges anything from R3,000.
3. Deeds Office Registration
Once signed, the ANC must be registered at the Deeds Office. The registration fee is usually anything from R500 and more.
4. Additional Costs
If your financial situation is complex (e.g., owning multiple properties or businesses), you may incur additional fees for drafting and legal advice.
Is an Antenuptial Contract Worth the Cost?
While the upfront cost of an ANC may seem high, it’s a small price to pay for the long-term protection it provides. Consider the following benefits:
1. Protects Your Assets
An ANC ensures that your pre-marital assets remain yours, even in the event of a divorce.
2. Simplifies Divorce Proceedings
With clear terms outlined in the ANC, divorce proceedings can be quicker and less contentious.
3. Provides Financial Security
An ANC can protect you from your spouse’s debts, ensuring your financial stability.
How to Get Started with an Antenuptial Contract
Ready to protect your future? Here’s how to get started:
1. Consult a Specialist Attorney
Choose an attorney with experience in family law to draft your ANC.
2. Discuss Your Needs
Be transparent about your financial situation and goals to ensure the ANC meets your needs.
3. Sign and Register
Once drafted, sign the ANC in the presence of a notary and register it at the Deeds Office.
Don’t leave your future to chance. An antenuptial contract is a small investment that can save you from significant financial and emotional stress down the line. Contact PM Attorneys today to schedule a consultation and take the first step toward securing your financial future. Let us help you draft an ANC that protects what matters most.