Are your family trust assets truly safe in the event of a divorce? Discover the hidden risks as we unravel when South African courts can pierce the veil of trust protection. Learn essential tips to safeguard your trust and preserve your legacy amidst marital turbulence.
Upon divorce, the joint estate in a polygamous marriage must be divided equitably among all spouses involved. This can be a complex process, as it requires assessing the contributions and needs of each spouse.
In a customary marriage in community of property, all assets and liabilities acquired by either spouse before or during the marriage become jointly owned. This includes immovable property, vehicles, investments, and debts.