Your House In A Family Trust – What Happens To It On Divorce?
“….. trust assets held by a trustee in trust, do not form part of the personal property of such trustee as a matter of law” (extract from judgment below)
What happens if your home is registered in the name of a trust and you get divorced? Do you get a share of the house’s value?
A trust attacked
A recent Supreme Court of Appeal (SCA) judgment illustrates –
“….. trust assets held by a trustee in trust, do not form part of the personal property of such trustee as a matter of law” (extract from judgment below)
What happens if your home is registered in the name of a trust and you get divorced? Do you get a share of the house’s value?
A trust attacked
A recent Supreme Court of Appeal (SCA) judgment illustrates –
If, for whatever reason, the Companies and Intellectual Property Commission (CIPC) did not receive your company (or CC)’s annual return on due date, it will assume that the company is inactive and will start the deregistration process – the legal effect of which is that the company ceases to exist.
Deregistration is disastrousand has serious consequences . . .
When and how does a child’s unmarried biological father acquire full parental rights and responsibilities? A recent Supreme Court of Appeal (SCA) decision illustrates.
Out of Africa – a baby taken overseas without the father’s consent
The mother of a four month old child relocated with him to England without either informing, or seeking permission from, the father
The parents had never been married to each other, nor did they cohabit or live together in a permanent life partnership
Your EMP501 reconciliation for the period 1 March 2014 to 28 February 2015 must be lodged with SARS by Friday 29 May. Do it now – leave yourself plenty of time to resolve any queries or discrepancies.
“This parrot is no more. It has ceased to be. It's expired and gone to meet its maker. This is a late parrot. It's a stiff. Bereft of life, it rests in peace. If you hadn't nailed it to the perch, it would be pushing up the daisies. It's rung down the curtain and joined the choir invisible. This is an ex-parrot.” (Monty Python’s Flying Circus)
If your laptop/PC/TV/tablet or cell phone is as dead as John Cleese’s parrot, don’t just throw it away. “E-waste” (electronic and electrical waste) contains both valuable and hazardous material, and should always be recovered by specialists.
“To be prepared is half the victory” (Miguel de Cervantes)
There’s nothing worse than unexpectedly being plunged into load shedding. Be prepared – register now for Sharenet’s free alerts on their website at http://www.sharenet.co.za/loadshedding/. Look also for a link to their Android App at the end of your registration process.
Disclaimer
The information provided herein should not be used or relied on as professional advice. No liability can be accepted for any errors or omissions nor for any loss or damage arising from reliance upon any information herein. Always contact your professional adviser for specific and detailed advice.
