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Johannesburg – Most people who go through the traumatic experience of divorce will tell you that in most cases it has to do with financial circumstances, said DCM group sales director Rudi Bedeker.
“The reality is that you can protect yourself against it and there are different ways to do it. I think that the approach to your marriage is very critical.”
He advised couples to seek the advice of a qualified legal professional to weigh all the options available for consideration in order to protect themselves from a potential debt trap once married.
As unromantic as it sounds, Bedeker said that entering into an ante-nuptial contract is one way for both people to protect their own assets.
“The ante-nuptial Contract will specify the circumstances under which you are getting married and what this means in terms of each ones assets and your liabilities that you bring into that marriage with you which could include debt.”
He said the legal options available are limited for a couple married in community of property should debt start to pile up.
“If you exercise the option of getting out of a marriage in order to try and protect yourself against this debt then once again your protection is just going to be limited,” he said.
Watch the full interview to find out why this is the case:
- Fin24
“The reality is that you can protect yourself against it and there are different ways to do it. I think that the approach to your marriage is very critical.”
He advised couples to seek the advice of a qualified legal professional to weigh all the options available for consideration in order to protect themselves from a potential debt trap once married.
As unromantic as it sounds, Bedeker said that entering into an ante-nuptial contract is one way for both people to protect their own assets.
“The ante-nuptial Contract will specify the circumstances under which you are getting married and what this means in terms of each ones assets and your liabilities that you bring into that marriage with you which could include debt.”
He said the legal options available are limited for a couple married in community of property should debt start to pile up.
“If you exercise the option of getting out of a marriage in order to try and protect yourself against this debt then once again your protection is just going to be limited,” he said.
Watch the full interview to find out why this is the case:
- Fin24
