Many parents in South Africa shirk their responsibility of paying maintenance for their children, but these days there are fewer places to hide and the law is on the side of the parent who does provide.
Tag - divorce
Facing the breakdown of your marriage can be extremely painful emotionally, but with the right knowledge and planning, it needn’t be financially devastating as well
Court case highlights the lack of rights for spousal claims when it comes to a living annuity.
Discussing “what will happen if we get divorced”, particularly financially, is a conversation that is often avoided before entering into a marriage agreement because it is deemed unromantic or tainting a marriage before it’s even started. But this is a crucial conversation to have.
Divorce is always heartbreaking – but when the woman getting divorced has sacrificed her career, her financial independence and sometimes her identity, it can be particularly traumatic.
Your retirement fund can be attached for both arrears and future maintenance payments.
Can a new spouse sell the assets of her husband in order to complete the terms of the divorce settlement of his previous marriage?
Watch Episode 16 of the Change in your Pocket series for a detailed explanation of the various marriage contracts.
Considering that almost three marriages end in divorce in South Africa, and research indicates that women are the hardest hit financially after divorce, finding your financial feet after this devastating event can be one of your lifelines. According to Financial Planner at Citadel, Nicky Gous, divorce is always traumatic, and finances are just one...
Russell Anderson, consulting senior policy advisor at the Association for Savings and Investment South Africa (ASISA), says if you are a woman facing divorce, it is critical that you ensure that the wording of your final divorce order does not fail you when it comes to the sharing of retirement fund benefits. Women who have dedicated their lives...