Is it better to get married?

Is it better to get married?

To all the love-birds, it is better to get married, rather than living together without a valid arrangement, for the following reasons:

the marital law protects you if you are married, whereas when you just live together there is no statutory protection
my opinion is that it is better to get married outside community of property, with accrual, rather than in community of property
Being married outside community of property, with accrual, means the following:

A) each person starts with the existing assets they have
B) each inventory stays separate from the other and the one cannot be responsible for the other’s debt etc.

Don’t miss out on your 2015/2016 tax breaks

Don’t miss out on your 2015/2016 tax breaks

The end of the tax year is fast approaching – but there is still time to take advantage of some of the incentives the government has put in place to encourage savings. The introduction of the tax-free savings legislation last year has added an extra arrow to the quiver of tax-efficient options available to investors. Options are great, but having to choose often stops people from acting and can get in the way of our good intentions. If pressed to make a decision between a unit trust-based retirement annuity (RA) or a unit-trust based tax-free investment (TFI) product, which should you choose?

Buy-and-sell agreements – Protecting your business

Buy-and-sell agreements – Protecting your business

It is a known fact that a business is the lifeblood of the business owner. Not only does it provide an income for business owners, but it is also a means by which they accumulate capital for retirement. Therefore, the continuity and stability of a business should be the key focus of any business owner.

Inter vivos Trusts in South Africa

Inter vivos Trusts in South Africa

The term ‘inter vivos’ means amongst the living. So this is a Trust set up during one’s own living lifetime as opposed to a Testamentary Trust set up in a Will, which only comes into being on death.