Bankmed

Bankmed

Each industry has its own distinctive way of talking. In banking you use terms which people who work in the industry, understand. But people outside of the industry struggle to understand the ins and outs of the banking world.

Planning to be a parent?

Planning to be a parent?

With the spotlight on youth this month, you may be among those thinking about a visit from the stork. If so, here’s your financial to-do list.
Expectant parents and those planning a family may have started visualising their future bundle of joy. But while a new baby will capture your heart, it’ll also capture a fair portion of your family budget! Pregnancy and parenting involve many hidden costs, warns Danelle van Heerde, Head of Advice Processes and Tools at SPF.

Trust in trusts can evaporate on divorce

Trust in trusts can evaporate on divorce

Trusts are frequently used (and abused) by spouses as a vehicle into which they transfer their assets, using the trust for their own benefit and not for the benefit of third parties (the beneficiaries). There have been a number of court judgments where it was held that one of the factors a court may consider is when certain substantial assets were held in trust by one of the parties who used the trust as his/her “alter ego”.