While the journey might be exhilarating, it's important to have a map to navigate through potential pitfalls. Contracts are your business's best friends when it comes to ensuring clarity, protection, and long-term success.
Caught in the intricate web of debt, many individuals in South Africa seek relief through the structured process of debt review. While this avenue offers a lifeline to manage financial obligations, circumstances can change, leading to a desire for financial independence.
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.
According to the law, a beneficiary of an RDP house cannot let the property for remuneration or sell their property if they have not owned and lived in that property for at least eight (8) years. If a person decides to rent out or sell their RDP house before the prescribed eight-year period as prescribed by the law, they will forfeit such property and the provincial housing department shall be deemed to be the owner of such property.
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.
In a world brimming with uncertainties, there's one certainty we often overlook—our legacy. The LSSA National Wills Week, slated from September 11th to 15th, 2023, beckons us to face this inevitability head-on. Don't just postpone your estate planning; empower yourself to shape your future and provide for your loved ones, even when you're no longer here.
A customary marriage needs to be separated in the same way that a western union would be - by means of a
divorce. A customary marriage, even if it was not registered with Home Affairs, is legally binding and parties need to
approach the court for a divorce order if they wish to end the marriage.
