Court orders man with luxurious lifestyle to pay over R100,000 spousal maintenance

High court orders husband

A Johannesburg businessman has been ordered to pay his estranged wife over R100,000 in spousal maintenance until their divorce is finalised. Reprinted from iol.co.za, by Brenda Masilela – 2023-10-23 The ruling was made by the South Gauteng High Court in Johannesburg after the wife filed a Rule 43 application in which she sought interim maintenance for […]

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Alter ego trusts

CAN YOU TRUST IT THE TRUTH BEHIND ALTER EGO TRUSTS

Safeguarding wealth or sneaky business? The hidden truth behind trust assets in divorce Divorce does not always bring out the best in people – even people who are normally decent and fair. It can cause some people to become quite cagey about their assets, particularly if they feel their spouse is likely to claim a […]

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Retirement funds and divorce

The division of assets where a retirement fund or multiple retirement funds are involved is complicated. Reprinted from Moneyweb by Eric Jordaan – Crue Invest (Pty) Ltd Image: Shutterstock Divorces can be complicated, especially when it comes to the division of assets where a retirement fund or multiple retirement funds are involved. As it currently […]

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Protecting business interests during divorce

business interests and divorce

Business interests need to be considered long before the marriage ends Divorce is a process of financial uncoupling as much as emotional separation. The division of assets may be contested and it may take a while to reach agreement, particularly where a couple has a high net worth. What happens when there are significant business […]

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The financial implications of divorce

Divorce finance implications

Divorce is more than the end of a relationship Divorce is, first and foremost, an emotional event. Or is it? Historically, marriage was often not about love, but about property. Marriage was a foundation of economic and social stability. Marriages were frequently enacted to strengthen alliances or consolidate wealth or land. Marriage formed the basis […]

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Husband may not sell multimillion rand former matrimonial home prior to divorce, says court

marital home

Reprinted from the Pretoria News, by Zelda Venter – 2023-06-26 Pretoria – A worried wife turned to court for an urgent order interdicting her estranged husband from selling their multimillion rand former matrimonial home. The husband opposed the application before the Gauteng High Court, Johannesburg. He said the Midrand property belonged to his closed corporation […]

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