This scenario comes up frequently where people decide to do the commercial-viable thing of purchasing property jointly, whether it is in a marriage, commercial partnership or romantic relationship.
Author archives: root
DOES MY LIVING ANNUITY HAVE ANY ASSET VALUE FOR DIVORCE CONSIDERATIONS?
This is a novel question as living annuities only become a contentious issue after retirement of a spouse whom is also party to Divorce litigation. A living annuity is defined in the Income Tax Act as –
Forfeiture of benefits in divorce
Divorce is never a pleasant experience for anyone. There is no “pleasant divorce.” No, an amicable divorce is not a pleasant divorce. Regardless of how the marriage is dissolved, it brings to an ultimate end a big stage of your life
Insolvency and pension interests
If you currently have a policy with a Pension / Preservation / Provident Fund or Retirement Annuity, you may be aware that (generally speaking) the benefit derived from your policy is protected in the event of insolvency.
Understanding distributions as a shareholder
In today’s article, I will elucidate in plain language the concept of a Distribution in terms of Section 46 of the Companies Act (71 of 2008) (“the Act”)along with a few salient points that derive from it.
Family Law in Level 4
I am poet and I know it! Although South Africa is still under a soft lockdown, the economy is slowly progressing towards a market in motion.
Forfeiture of Benefits in Divorce
Divorce is never a pleasant experience for anyone. There is no “pleasant divorce.”
Force Majeure Covid-19 and Practical Decision Making
Briefly put, force majeure is a Latin legal term which refers to a specific incident that occurs which is uncontrollable and usually unforeseeable (also known as an Act of God or casus fortuitus)
The Nature of the Beast in “Staying Together for the Kids”
How many times have you heard someone say, or have said to yourself, that “I am not going to divorce my husband / wife because it’s better we stay together for the kids”?