If you don’t fully understand your rights you may financially compromise yourself. Image: Shutterstock Setting emotions aside during divorce proceedings is easier said than done. Making key decisions when you are hurt, angry, sad and stressed is never ideal as it will have long-term financial consequences. Here are some financial mistakes to avoid when going […]
David Thomson, senior legal adviser at Sanlam Trust, says that the reality is that 40% of marriages end in divorce before their ten-year anniversary, citing Stats SA. And, divorce in general tends to be a very expensive affair. “Four out of 10 of the 25,326 marriages in 2016 came to an end before the ten-year […]
What are some of the benefits of setting up a trust? Explain some of the importance of trusts Identify the role of trustees Describe why setting up a trust is important right now Reprinted from FT Adviser by Dawn Goodman and Olivia Turner Trusts are one of the most enduring concepts in common law. They, […]
When was the last time you went over your life insurance policy? Reprinted from Witbank News A general annual review is advisable to see if your insurance is up to date and whether you can still afford it. However, a general rule of thumb is that you should always update your policy whenever you have […]
Image: Shutterstock The nature of your matrimonial property regime will determine how your assets will be divided in the event of a divorce. Acrimonious and litigious divorces are expensive, time-consuming and emotionally draining, and only serve to reduce the value that each spouse will ultimately receive in terms of the divorce order. If you’re contemplating […]
File Picture: African News Agency A customary marriage one simply walked away from years ago without dissolving it through a divorce remains valid even after death. Such a marriage cannot also be rendered invalid because an estranged spouse went ahead and entered into a civil marriage with another person. Instead, it is the civil marriage […]
It is important to have a holistic view of your entire balance sheet before making a decision. Due to my divorce, my former spouse was paid an amount of R182 726.25, which is debt on my pension with the amendment to Government Employees Pension Fund (GEPF) law, which institutes the clean-break principle in respect of […]
Marriage counsellor Chantal Ferreira gives tips on how to strengthen your marriage during the lockdown and avoid divorce. Happy couple dancing An image showing married couples lined up to go to the divorce court is doing the rounds on social media. Although some people found the image hilarious, for some married couples, it is going […]
