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Assets That Can’t Be Touched in a Divorce
Divorce can be financially complex, and understanding which assets remain protected is crucial. Certain funds and properties are considered untouchable during divorce proceedings, safeguarding your financial stability.
Protected Assets During Divorce
Inheritances and Gifts
Money or property received as a direct inheritance or as a personal gift is generally considered separate from marital assets. Provided these assets were not commingled with marital funds, they typically remain untouchable.
Retirement Funds and Pension Benefits
Many retirement accounts, including pensions, are protected under South African law. These funds are usually not divided during divorce, although the portion accrued during the marriage may be subject to redistribution depending on your marital regime.
Personal Compensation Claims
Compensation received from personal injury claims, insurance payouts, or other settlements specifically awarded to one spouse may remain protected, as long as the funds are not jointly held or used for family purposes.
Trust Funds
Assets held in a trust are often insulated from division in divorce proceedings, provided they were set up prior to the marriage and are not used as joint marital resources.
Understanding Marital Property Regimes
In Community of Property
If you are married in community of property, most assets are shared equally, and protection of specific funds is limited unless explicitly excluded in an antenuptial agreement.
Out of Community of Property
Marriages out of community of property with accrual allow spouses to protect personal assets acquired before or outside of marriage. Proper legal documentation is essential to safeguard these funds.
Importance of Legal Advice
Determining which assets remain untouchable requires careful consideration of your marital regime and proper legal guidance. Consulting with a knowledgeable attorney ensures your rights are protected throughout the process.
Frequently Asked Questions
Q: Can my inheritance be divided during divorce?
A: Typically, inheritances remain separate unless they were mixed with marital funds or used for joint purposes.
Q: Are pensions always protected?
A: Pensions accrued before marriage are generally protected, but those earned during the marriage may be subject to redistribution.
Q: What about money in a trust?
A: Funds held in a trust established before the marriage and not used for joint purposes are usually untouchable.
Q: Does South Africa protect personal injury settlements?
A: Yes, as long as the settlement was awarded to one spouse individually and not commingled with marital assets.
Protect Your Assets with Expert Legal Guidance
Divorce is challenging, but knowing which money and assets are protected helps you secure your financial future. JA Attorneys offer expert legal support to ensure your rights are preserved and your property safeguarded.
Contact JA Attorneys today to discuss your options and protect what matters most.
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Contact JA Attorneys Attorneys and Book a Consultation Today.
For immediate legal assistance across South Africa, speak to one of our experienced attorneys by contacting us on the number below:
JA Attorneys Head Office call: 011 483 2741.
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