A trust is an agreement between the person who owns the assets and the appointed trustees. A trust can be a good way to preserve your wealth for your family and children. A well-managed trust will make sure that anyone who is a beneficiary of the trust benefits from it. The trustees have the important […]
Month: November 2016
Can a parent claim maintenance from their child?
When the word “maintenance” is mentioned, many people think of women claiming maintenance for minor children, or alternatively, women claiming maintenance from their ex-husbands. However, parents also claim maintenance from their adult children. Mike Larry received a summons from the Maintenance Court to appear three weeks later for a maintenance matter, however Mike had no […]
Should a domestic worker get a Christmas bonus?
Doris, a domestic worker, demands a Christmas bonus from her employer in the amount of R1 000. She has not yet been employed for longer than a year and as a result no prior agreements or expectations have been created in this regard. When Christi, her employer, informs Doris that she will not pay her a […]
The Sale Agreement: Can I use the cooling-off period if I change my mind?
The Consumer Protection Act has some serious implications for agents selling property – for one, a disgruntled purchaser can get out of a sale agreement within 5 days of signing it. Section 16 of the Consumer Protection Act states as follows: “A consumer may rescind a transaction resulting from any direct marketing without reason or […]