The parties’ business interests are included as part of the joint estate for the purpose of divorce. Each spouse’s shareholding in the business is the relevant factor in the calculation of the joint estate.
Before extending a financial hand, secure your generosity with clear documentation and legal mechanisms, ensuring a harmonious lending experience in South Africa. Explore Acknowledgment of Debt, Surety Agreements, and more for a smart approach to lending.
While registration of customary marriages with Home Affairs is encouraged to formalise the union and ensure legal recognition, the absence of registration does not negate the validity of the marriage.
A will serves other essential purposes beyond asset distribution. In South Africa, it can include vital instructions on handling one's remains and burial preferences. This is particularly crucial for those who wish to express their desires regarding funeral arrangements, memorial services, or even the choice of burial location.
Estate planning is a crucial step in securing your legacy and ensuring your wishes are honored. It provides peace of mind by safeguarding your assets, minimizing tax implications, facilitating a smooth transition of wealth to your loved ones.
A suitably qualified attorney can advise on the amount to claim, create a strong case to support your claim and represent your interests in settlement or court proceedings. This dramatically increases the likelihood of a successful claim and a rewarding payout.
Dreams of homeownership in South Africa often come with hidden costs beyond the property price tag. As the Reserve Bank's interest rate decision looms, new buyers must not only anticipate mortgage changes but also unveil the intricacies of transfer duties, bond costs, and maintenance expenses. In the dance of property acquisition, being well-informed about both visible and concealed expenses is crucial for a financially sound journey.
One significant drawback of marriage in community of property is the shared financial liability. In this marital arrangement, both spouses become jointly responsible for each other's debts, potentially exposing one partner to unforeseen financial risks stemming from the actions or obligations of the other.
The ombudsman for short term insurance received 15 228 complaints in 2022, and complaints about motor insurance again made up most of the complaints with 4 446 (16.28%) and R39 642 212.59 finding its way back to consumers.