Appeal court closes financial loophole in divorce cases

  • 📰 SowetanLIVE
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 63%

Law Law Headlines News

A legal loophole often used by husbands to reduce the amount their wives receive in a divorce settlement has been closed by the Supreme Court of Appeal.

Maya said the husband had"a clear right to the investment returns yielded by his capital re-investment with Sanlam, in the form of future annuity income which he draws from the agreement".

"But then it erroneously considered the annuity income relevant only for purposes of a maintenance claim. It should have found it to be an asset in the [husband's] estate, which is subject to accrual."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

AmaniSilasSA They don't even try to hide the fact that the wife is the one securing the bag😭

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 13. in LAW

Law Law Latest News, Law Law Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

DA will fight for Tshwane in the face of ANC, EFF court appeals, says Randall WilliamsThe ANC and the EFF are making 'a desperate attempt to save face' by appealing the High Court in Pretoria's ruling overturning the Gauteng government's dissolution of the City of Tshwane council, the DA said.
Source: IOL - 🏆 46. / 51 Read more »