Johannesburg – Child maintenance defaulters will soon have nowhere to hide. The Department of Justice and Correctional Services will soon start using registered cellphone and telephone numbers, company registrations, credit profiles, court judgments, property purchases, sales and transfers as well as vehicle regulations, to trace child maintenance defaulters. The government believes this will ease dependency […]
Brexit has been likened to a divorce on more than one occasion; like many marriages, the UK and Europe’s relationship began with high ideals and a desire for harmony. As time progressed, the marriage strained and the partnership has headed for a messy divorce. Amidst volatile politics in the UK, and a global pandemic, many […]
A divorcee can lay a claim to a portion of their partner’s monthly pay-out from a living annuity. Image: Shutterstock Early in 2020, a ruling by the South African Supreme Court of Appeal (SCA) promised relief for many divorcees who, until then, could not access their ex-spouses’ living annuities. The SCA ruled on the same […]
Reuters Reprinted from iol.co.za – 2020-12-15 A pension fund’s reluctance to respond to the Pension Funds Adjudicator about a complaint, despite being approached to do so on no less than four occasions, has been referred to the Financial Sector Conduct Authority (FSCA). The FSCA is responsible for market conduct regulation and supervision, ensuring a fair […]
Reprinted from iol.co.za – by Phia van der Spuy – 2020-11-11 Phia van der Spuy is a registered Fiduciary Practitioner of South Africa®, a Master Tax Practitioner (SA)™, a Trust and Estate Practitioner (TEP) and the founder of Trusteeze®, a professional trust practitioner. Photo: File The reality is that almost half of all marriages end […]
A judge has ruled that a man must pay his wife the monthly amount of R69 384.48. Picture: File Pretoria – A wealthy Cape Town medical specialist may find himself behind bars for two months if he does not pay his ex-wife more than R1.5 million in maintenance arrears by this time next month. Judge […]
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 […]
What is forfeiture of benefits and when is it justified? If you marry in community of property you assume that your marital estate is jointly held, and in the event of divorce you will split your assets equally. This is the definition of marriage in community of property and a fair assumption to make. However, […]
