Warning for unmarried couples in South Africa: [an extract from an article by: Luke Fraser in BUSINESSTECH – 22 September 2024]
South African couples that are not married must carefully consider what happens if one of them dies.
“The red tape and legal complexities surrounding the administration of a deceased estate, especially for an unmarried partner as opposed to a legal spouse, served as a stark reminder of the importance of organising one’s affairs at every stage of life.”
“It often happens that unmarried couples mistakenly believe they are protected as “common law” spouses and, as such, are afforded the same level of protection as married couples regarding inheritances and taxes.”
“However, South Africa does not recognise the concept of a common law marriage. Living with a partner for an extended period, even with children, does not necessarily lead to financial protection.”
The Original Article can be Viewed here: → https://businesstech.co.za/news/lifestyle/791798/warning-for-unmarried-couples-in-south-africa/?utm_source=everlytic&utm_medium=newsletter&utm_campaign=businesstech&fbclid=IwY2xjawFecJNleHRuA2FlbQIxMQABHbiuT9_Rn9ps699kPNV6SSD0VoWdnwwGl4KPexyluVFAo53ph4ZoLDmQJA_aem_tdep3q2Dx2w5fLkGYmWpuQ