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Category Archives: Marriage

Divorce, living annuities and what you should know

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 … Continue reading

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Ramaphosa signs new marriage and civil union laws for South Africa

SD Law welcomes these new marriage and civil union laws, which aim to strengthen our constitutional right to non-discrimination and to protect women in traditional marriages. Reprinted from Business Tech – 2020-10-23 President Cyril Ramaphosa has assented to two new … Continue reading

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Marriage out of community without the accrual: what is it and what are the implications?

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 … Continue reading

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Financial planning for couples married with the accrual system

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 … Continue reading

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Financial mistakes to avoid in divorce

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 … Continue reading

Posted in Antenuptial Contract, Child maintenance, Children, Divorce, Divorce finances, Divorce mediation, Marriage, online divorce, Parenting | Tagged , , , , | Comments Off on Financial mistakes to avoid in divorce

The cost of getting divorced in South Africa

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 … Continue reading

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The benefits of setting up a trust

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 … Continue reading

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When to review your life insurance policy?

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 … Continue reading

Posted in Children, Custody, Death, Divorce, Divorce finances, Marriage, News, Parent Plan, Pension, Unmarried father | Tagged , , , , | Comments Off on When to review your life insurance policy?