Understanding Pension Interest Clauses in Divorce Settlements: What You Need to Know
When a couple divorces, the non-member spouse (the spouse not belonging to the retirement fund) may claim a portion of the member spouse's pension interest. This claim can be made in a divorce settlement agreement, which is then made an order of the court.
Understanding Section 7 of the Divorce Act and Forfeiture of Benefits Claims in South Africa
One key legal provision that governs these financial matters in South Africa is Section 7 of the Divorce Act 70 of 1979. This section lays out the framework for determining how assets are divided upon divorce. An important aspect of this is the potential for a spouse to claim forfeiture of benefits.
In this post, we will unpack how Section 7 of the Divorce Act operates and explain what a forfeiture claim entails.
Rehabilitative Maintenance
Rehabilitative maintenance is a type of spousal maintenance that is awarded for a limited period of time after a divorce, usually to enable the dependent spouse to become financially independent by acquiring new skills, education or employment.
Practical steps to take before starting the divorce process.
Divorce can be a complicated process that will almost certainly take a financial and emotional toll on all parties involved. The emotional and financial strain of a divorce can be managed if you properly plan for it.