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Married Persons Act
The Married Persons Property Act (Chapter 5:12) is a Zimbabwean law that governs the property rights of married couples. It primarily deals with the concept of community of property, which is the default legal regime for marriages in Zimbabwe.
Key Points:
- Community of Property: This means that all property acquired during the marriage is jointly owned by both spouses. This includes both income and assets.
- Exemption from Community of Property: The Act allows couples to opt out of community of property by signing an antenuptial contract before marriage. This contract must be registered with the Deeds Registry.
- Retrospective Application: The Act can be applied to marriages entered into before its enactment if both spouses agree to it through a notarial deed.
- Property Division: The Act outlines how property should be divided in the event of divorce or death, taking into account the contributions of each spouse.
It's important to note that the Act is complex and its implications can vary depending on individual circumstances. It's advisable to consult with a legal professional for advice on specific situations.