A family trust, legally established under the Trust Property Control Act, is a versatile tool for managing wealth and assets. It allows couples to transfer assets into a trust, often for the benefit of their children or other beneficiaries.
What exactly is forfeiture, and under what circumstances does it come into play in a South African divorce? This article is your comprehensive guide to understanding the intricate web of rules and reasons that lead to the forfeiture of assets.
In South Africa, the battle for father's rights and the fight against deadbeat dads are making headlines, and fathers are stepping up to the plate like never before. While challenges still exist, there's a growing wave of dads determined to be actively present in their children's lives. From custody battles to financial responsibilities, we explore the hurdles fathers face and provide valuable insights on how to enforce their rights. So, if you're a dad looking to make a difference in your child's life, keep reading! We're here to help you navigate the path to being the superhero dad your kids deserve.
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Family trusts might just be the key to unlocking the door to financial prosperity. In this guide, we'll dive into the frequently asked questions about family trusts and demystify this powerful wealth management tool. Whether you're considering setting up a trust for the first time or need help with an existing one, this article is your roadmap to understanding the ins and outs of family trusts in South Africa.
Get ready to rock your legal knowledge, millennials! In the world of marriage, understanding the rules of the game is key. If you're marrying out of community with accrual in South Africa, discover how to jam-proof your pension funds from the accrual mix. It's time to groove to the beat of financial security – read on to find out how!
To achieve a comprehensive and effective cohabitation agreement, certain clauses play a pivotal role. From property division to inheritance rights, child custody to financial contributions, these clauses provide the legal backbone needed to navigate the complexities of cohabitation with confidence and clarity.
The calculation of accrual involves determining the difference between the growth of the estates of each spouse. This is done by comparing the net value of each spouse's estate at the commencement of the marriage with its net value at the time of divorce.
The stakes are high in divorce proceedings, and the presence of hidden assets can transform the landscape into a tempestuous battlefield. When one spouse attempts to obscure assets within a family trust, the equitable distribution of wealth becomes distorted, potentially leaving the other spouse at an unfair disadvantage.