Can an ex-wife claim maintenance arrears from her ex-husband’s retirement fund? A case came before the Gauteng High Court recently in which a woman had deducted funds from her ex-husband’s retirement funds for child maintenance arrears. The applicant was the ex-husband, who claimed that it was unfair for an application for withdrawal of funds to […]
Johannesburg High Court rules that mother did not have to give notice before taking money for maintenance arrears Reprinted from GroundUp, by Tania Broughton – 2022-05-06 The Johannesburg High Court has ruled that a mother whose ex-husband owed maintenance payments for their children was entitled to take money from his pension without notice. Judge Tina […]
The impact of divorce on finances can be considerable. It prevents some people from considering divorce. Good financial planning is essential, as this article from Moneyweb explains. Reprinted from Moneyweb – by Michael Haldane of Global and Local Investment Advisors – 2021-07-16 Getting divorced is messy enough before you start dividing assets. In this article […]
File Image: IOL Although the official statistics for South Africa’s divorce rate during Covid-19 are yet be released, globally, the pandemic sent divorce rates soaring by up to 30% or more during 2020. According to DIY Legal, South Africa ranks in 83rd place out of 154 countries for divorce. “An issue that is often overlooked […]
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 […]
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 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 your union. Including the accrual system is a way to ensure that each spouse gains […]
