Guiding consumers since 2009

Minki - the Constant cost of moving on

By Staff Writer

Minki van der Westhuizen and her husband Constant Visser are calling it a day according to media reports and a statement by her publicist. The split is apparently not acrimonious nor are there children involved. There is however a cost associated with getting divorced. It is not just the emotional pain and turmoil but any separation costs that may be part of the divorce agreement and the cost of setting up a new life for yourself. So what should you do if you are considering a divorce?

 

  • Re-read the ante-nuptial if you have one
  • Get a decent lawyer
  • Be prepared to spend more

 

If you have an agreement before marriage then it simplifies the split, but this can still end up costing you a packet. Minki is a business woman in her own right so Constant shouldn't have to worry too much about funding her after their divorce, but in many instances this would not be the case. Good lawyers cost money, even bad lawyers cost money. This is a factor that would need to be planned into any budget before even considering a divorce. While Minki and Constant may have the cash to splash out on fancy lawyers not everybody else does.

When you get married you believe in the fairytale that it is going to last forever, but the fact is that many, many marriages end in divorce. Your personal finance can be expected to take a hit from the cost of setting up a new place to live, changing your banking accounts and generally restarting your life. Always consider the costs before the divorce, even if it is amicable like with Minki and Constant it costs more to live on your own than to share with your partner, bear in mind that a divorce will make life more expensive.

 

Recent Articles

Featured Fuel rewards programme – how to fill up on petrol and points

South Africa’s volatile economy has often meant that factors like the fuel price bear the brunt. This year alone the country’s fuel price has fluctuated by between R1.50 to almost R3, which has put increasing pressure on motorists. That said, many of the bigger South African brands have provided some relief by way of fuel rewards programmes.

Are you entitled to your spouse’s pension after divorce?

Divorce means more than just parting ways with your partner. It may also involve parting ways with your assets. The Divorce Act states that your retirement fund forms part of your assets. This means that it will be considered when dividing up your assets.

Retrenched – what payments are you entitled to?

In the current struggling economic climate, retrenchments are a regular occurrence and not everyone survives the cut. If you find yourself on the receiving end of retrenchment you may have questions about the payments that are due to you.

Do you want to settle your debt?

You may be considering settling your credit account, whether it’s a credit card or various store accounts, now may be as good a time as any. This especially if you have saved, or you received a tax return or salary bonus. 

Deals

Builders Black Friday Special

Price: R5000
When: Until 29 November 2019
Where: Online

Café Rousse Monday Special

Price: Available on request
When: Mondays
Where: Nationwide

Skye Bar Mojito Special

Price: R55
When: Until 31 December 2019
Where: Johannesburg