A Valentine’s Day Thought for Life Partners: What is a “Universal Partnership”?

KVV Inc Attorneys

Published on: 04/03/2025

Marriage may be the leading cause of divorce, but cohabitation without legal safeguards can be financially devastating. South African law doesn't recognize "common law marriage," leaving unmarried couples vulnerable. Protect yourself with a cohabitation agreement outlining financial responsibilities and asset division, and ensure your wishes are clear with updated wills. While a "universal partnership" sharing assets and gains can offer some protection, proving it is complex and costly. Prioritize legal agreements over relying on uncertain legal arguments.