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Surety and Contingent Liability

30 April 2014

It is general practice for financial institutions, when credit or financing is granted to a business entity such as a private company or closed corporation, that the business owner(s) sign security for the debt incurred. It is important to realise that the same principles will apply to the trustees of a trust, when the trust similarly incurs debt through a financial institution.

Divorce orders and settlement agreements providing for interest or growth on pension interest

09 April 2014

We often come across divorce orders and/or settlement agreements which make provision for the allocation of interest/growth on pension interest. Such orders would typically read as follows:

Wills: why bother?

09 April 2014

Without appropriate estate plan and legally executable Will, you do not have assurance that your wishes will be carried out and your loved ones adequately provided for after you die. A Will is therefore one of the most important documents you will ever sign and it only makes sense to get the right advice about taking care of this crucial aspect to ensure financial stability for your family when you can no longer provide for them.

Annuities and Divorce

09 April 2014

The question often arises why a spouse can’t claim from an annuity in the case of a divorce. The answer lies in the applicable legislation - specifically the Pension Fund Act and the Divorce Act.

quick poll

Question

If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?

Answer

2026, as promised 2027 looks more likely Impossible to say More consultation needed

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