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Divorce – how it affects your policies and investments – by Mike Becker CFP

What happens to RA’s, living annuities and pension/provident funds after divorce? The below article does not constitute advice, as defined by the FAIS Act 37 of 2002. It is so important to know that regardless of whether or not you have your own retirement savings, upon divorce you are entitled to claim against your Ex spouse’s policies and funds. Conversely, …

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Tips on proactive post-divorce financial planning – Mike Becker CFP

Tips on proactive post-divorce financial planning Although emotionally difficult, divorce provides an opportune moment for you to review your independent financial health. There are three central financial pillars that will be fundamentally impacted by a divorce.  Naturally, these should be the first port of call in any post-divorce financial review. Wills and Estate Planning It is very common for husband …

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Maintenance matters Part 2 by Nina Mensing (mediator)

What is maintenance and how it is calculated: All children have a right to be financially supported by both parents. Maintenance is something that has to be negotiated and agreed on in every divorce, or separation, when there are children involved. Contrary to popular belief, maintenance is not a 50/50 split between the parents. It is a little more complicated …

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Know your financial status by Stacey Lewis

So many women find themselves in financial turmoil upon divorcing. Many women also allow their husbands to be in control of the household finances. While there is nothing wrong with this, it leaves many women in a disempowered position. In my own experience, after my own divorce, I remember barely being able to navigate my way around internet banking. I …

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Financial Considerations when divorcing by Candice Kagan

  Medical aid: Who pays? What type of plan do you/your children need? Life cover: Do you and your ex have cover? Is it sufficient and the most cost effective option? Disability cover: Are you covered with regards your new level of required income? Dread disease: Do you have a lump sum benefit in place? Retirement: Have you re-evaluated your …