South African law has different types of matrimonial property systems; marriages in community of property, marriages out of community of property, which are subject to the accrual system, and marriages out of community of property, excluding accrual.
The most popular one of the systems is being married in community of property.
However, although there are benefits to being married in community of property, there are also disadvantages that cannot be overlooked.
One of the biggest disadvantages is dealing with debt.
When married in community of property, the spouses share a debt and the 3rd party or creditor can claim their debt from either one of the spouses.
In other words, debt and any assets that were acquired before and during the existen…
Read the full article at: https://www.ecr.co.za/lifestyle/family/how-being-married-community-property-affects-debts/
