Matrimonial property act summary

The Matrimonial Property Act 88 of 1984

Section 1: Definitions

joint estate” – is the joint estate of a husband and wife married in community of property.
separate property” – property which does not form part of the joint estate.

Section 2 – 10: The Accrual system

The following will be left out of the calculation of the accrual:

The net commencement value of a spouse’s estate will be nil if his/her liabilities exceeds his assets or the value was not declared in an antenuptial contract and not declared, certified by a notary, in a statement within 6 months after the commencement of the marriage.

The division of the accrual may also be ordered or changed by an order of court and the rights to share in the accrual may be forfeit, wholly or in part.

Section 11 – 13: Abolition of Marital Power

The Matrimonial Property Act 88 of 1984 repeals and abolishes the common law rule that a husband obtains marital power over the person and property of the wife. This Act will apply to every marriage in community of property irrespective of the date on which the marriage was entered into.

Section 14 – 17: Marriages in Community of Property

Section 18 – 38: General provisions