What you need to know about divorce and your finances If you’re contemplating or going through a divorce, your key concern is extracting yourself from a once-happy situation that has turned at best unproductive and at worst toxic. You want to enable a more life-affirming environment for yourself and your children, if you have them. […]
A traditional wedding at the Mvezo royal palace in the Eastern Cape. (Photo: Gallo Images / City Press / Khaya Ngwenya) Women in customary marriages can now inherit property, or ask for an antenuptial agreement. David Thomson, senior legal adviser at Sanlam Trust, says once the Bill is signed by the president it will mean […]
File Image: IOL Although the official statistics for South Africa’s divorce rate during Covid-19 are yet be released, globally, the pandemic sent divorce rates soaring by up to 30% or more during 2020. According to DIY Legal, South Africa ranks in 83rd place out of 154 countries for divorce. “An issue that is often overlooked […]
Divorce, just like death, is a life event that has a significant impact on financial planning. Unlike death, however, it is not something planned for which could have a detrimental impact on personal finances. Divorce is stressful with many legal issues to consider. How finances are to be separated should not be neglected and not […]
This marriage regime may be a good fit for couples getting remarried later in life. Image: Shutterstock In an out of community of property marriage, there is no joining of the spouses’ estates into one joint estate, meaning that each spouse retains full control and contractual capacity of their estate which includes all assets and […]
What couples need to be aware of when making financial decisions. Image: Shutterstock If you’re married out of community of property with the accrual system, you will have an ante-nuptial contract in place which sets out the financial consequences of your union. Including the accrual system is a way to ensure that each spouse gains […]
Exploring the advantages and disadvantages of each matrimonial property regime. Reprinted from moneyweb.co.za – by Eric Jordaan – Crue Invest (Pty) Ltd – 2020-08-18 Image: Shutterstock One of the most important decisions to make before getting married is choosing a matrimonial property regime to be married under. Your marriage contract has future financial implications, so […]
Court rules that married couples can have more than one matrimonial home Divorce and the holiday home Recently, a case came before the Western Cape High Court in which a woman (the applicant) in the midst of a divorce case (called “pendente lites” – pending litigation) was unable to remain in the couple’s “holiday home”, […]
