Living Annuities

Jun 18, 2020

Article by: Nevashni Moodley

In a recent SCA decision, it was held that the value of ones right to future annuity payments in respect of living annuities is an asset in your estate for the purposes of calculating the accrual of your estate.

This will significantly impact an accrual claim in your favour or against you during divorce proceedings, and is something to be aware of when concluding an ante-nuptial contract.

For more information, contact one of our family law attorneys.