Can donations be revoked during a divorce?

Understanding the rights of donors and the legal status of joint estate contributions Young couples – and sometimes not-so-young couples – are often the grateful recipients of generous financial donations from family members who want to help the couple on their married journey, particularly in the current economic climate where a lump sum for a […]

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Dividing luxury items in divorce

Vehicles, art collections, antiques, jewellery and wine Divorce is never a word spoken lightly. Whether a marriage has lasted five years or 50, the end of what was meant to be a lifelong partnership is difficult. We’ve written about child custody and a range of issues parents of minor children have to consider when they […]

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The role of a receiver and liquidator in divorce

Pros and cons of liquidators and receivers in divorce proceedings Liquidators and receivers are more commonly associated with corporate failure. A liquidator is an individual or entity (often an accountancy firm) legally empowered to wind up a company’s affairs when it is closing – typically when the company is going bankrupt. A receiver is someone appointed […]

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Cryptocurrency in divorce settlements

The future of digital asset division  In today’s rapidly evolving digital landscape, cryptocurrency has emerged as a credible financial asset. While initially considered niche and speculative, cryptocurrencies such as Bitcoin and Ethereum are gaining acceptance, with individuals and businesses investing in these decentralised assets.  According to the FSCA’s Crypto Assets Market Study, conducted in 2022, […]

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Investment division in divorce

Another consideration for high-net-worth and later-life divorce Divorce is inevitably emotional, messy, and complicated. It can even be traumatic. And the more complex and valuable the joint estate, the more sensitive and difficult the division of assets. We’ve written about the treatment of a second property in divorce and the perils of hiding assets (don’t […]

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Property division in divorce

WHO GETS THE HOLIDAY HOME IN DIVORCE

Who gets the holiday home? Stories about celebrity couples going through divorce always make the news. Most of us have little sympathy with squabbles over multiple properties and outrageous claims for maintenance. It’s hard to feel compassion for the trials and tribulations of the wealthy when so many South Africans are struggling to make ends […]

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Dealing with hidden assets in divorce

The role of the forensic accountant “Whoever controls the data controls the narrative,” said an anonymous divorcĂŠe from Virginia in the US. She hired a forensic accountant when her marriage ended and she suspected her husband, a business owner, of being less than transparent about the value of that business. As she had not worked […]

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