It excludes life partners, in a relationship intended to be permanent, from the definition of “spouse”. This was upheld in a Constitutional Court ruling in December 2021, in the case of Bwanya v Master of the High Court .
The law will also apply when the deceased has a will but does not leave any assets to his or her spouse. This means a life partner who could prove financial dependency would already have a claim against a deceased partner’s retirement benefit. “Typically, when Capital Legacy declares a life partner for estate duty – Sars [SA Revenue Service] requests two affidavits from non-family members and other proof to allow this. The courts will need to set a precedent to show to what extent “reciprocal duties of support” will be accepted. For example, does a stay-at-home mum who raised the kids while the partner worked meet that definition?”
While this law will go some way towards protecting those in life partnerships who may be financially dependent, it will be open for contestation.
Portugal Últimas Notícias, Portugal Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Standard Bank partners with DP World on trade financeStandard Bank is the the first African lender to partner with Dubai-based DP World Trade Finance
Fonte: BDliveSA - 🏆 12. / 63 Consulte Mais informação »
THE FINANCE GHOST: Have you herd?An investor somewhere is converting rand to dollars at our worst exchange rate, all for the privilege of buying a stock like Nvidia at a record high. What could possibly go wrong? By FinanceGhost
Fonte: FinancialMail - 🏆 20. / 63 Consulte Mais informação »
Fonte: SABCNews - 🏆 37. / 51 Consulte Mais informação »