Cou­ples and con­tracts

Weekend Argus (Saturday Edition) - - GOODPOSTER -

Love and money are of­ten an un­easy mix, but if you’re liv­ing with a part­ner in a per­ma­nent re­la­tion­ship, you can­not af­ford not to con­sider the fi­nan­cial im­pli­ca­tions of your shared life com­ing to an end. Mar­riage, civil union, cus­tom­ary and re­li­gious mar­riages, and co­hab­i­ta­tion all have con­se­quences when it comes to the sep­a­ra­tion of as­sets on di­vorce or death.

In the lat­est is­sue of Per­sonal Fi­nance mag­a­zine (vol­ume 57, fourth quar­ter), we delve into the op­tions and obli­ga­tions cou­ples have in re­la­tion to spouses and part­ners, ex­plor­ing the le­gal grey ar­eas, the con­se­quences of dy­ing in­tes­tate, main­te­nance of a sur­viv­ing or sep­a­rated part­ner and the di­vi­sion of pen­sion as­sets.

And in case you are at risk of dy­ing in­tes­tate, we test-drive two free online will-writ­ing ser­vices that you can down­load and make use of with­out de­lay. Also in this is­sue: ◆ Insurance: 10 things you need to know to get the best cover you can on your car, home and house­hold con­tents;

◆ With-profit an­nu­ities: a new dy­namic struc­ture prom­ises to stop the de­cline in the pop­u­lar­ity of th­ese prod­ucts;

◆ En­hanced an­nu­ities: a fairer op­tion for peo­ple with health prob­lems and lim­ited life­spans;

◆ Tax­a­tion: changes to the tax treat­ment of for­eign in­ter­est and div­i­dends and how cap­i­tal gains tax is cal­cu­lated on the dis­posal of for­eign as­sets … and so much more.

Don’t miss the new is­sue of Per­sonal Fi­nance mag­a­zine, on sale for R29.95 at book­shops and re­tail out­lets na­tion­wide.

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.