Divorce Settlement Guidance Gauteng

Summary

In a community of property marriage, assets and debts are generally divided equally. This includes properties, vehicles, and investments. For example, properties with outstanding bonds and vehicles with balances are considered in the division. Joint investments are also split equally. Consulting a lawyer is advisable to draft a fair settlement agreement.

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Divorce settlement document required.
I can provide some general information on divorce settlements in Gauteng.
- A divorce settlement outlines the terms of the divorce, including asset division and custody arrangements.
- It can be drafted by a lawyer or agreed upon by both parties and then formalized.
Is there a specific aspect of the settlement you need help with?
No children married in community of property. One paid up house Mulberrylane Newmarket market value R1100 * and second property bonded outstanding amount owing R695000 with market value of R1300000. Two cars Toyota Fortune Outsfaing balance R650 * and a Suzuki Fronze R5000 outstanding and a Chery Tiggo Pro R640000 outstanding, account and credit card deabts for Mrs Brown R5000 and Mr Brown R450 *. Investment in both Mr and Mrs brown name of R700 *. Draft a settlement
When married in community of property, assets and debts are typically divided equally. Here's a general outline:
- Properties:
- House *: R1,*,*
- House *: R1,*,* (minus R695,* bond)
- Vehicles:
- Toyota: R650,* balance
- Suzuki: R5,* balance
- Chery: R640,* balance
- Debts:
- Mrs. Brown: R5,*
- Mr. Brown: R450,*
- Investments:
- Joint: R700,*
Each party may receive half of the net value of assets and be responsible for half of the debts. It's advisable to consult a lawyer to draft the settlement and ensure fairness. Is there any specific part you'd like more assistance with?
Coorect suzuki is R5000 outstanding
It sounds like you have a complex financial situation to consider in your divorce settlement. When dealing with community of property marriages, all assets and debts are typically divided equally. Here's a brief recap for clarity:
- Properties: Both properties' values and outstanding bonds need to be considered.
- Vehicles: Balances on the Toyota, Suzuki, and Chery.
- Debts: Individual debts for both parties.
- Investments: Joint investments.
Would you like assistance connecting with a local lawyer who can help you draft a precise settlement agreement?
The suzuki is R5000 and R5000
Case Rating: *
It seems like the Suzuki's outstanding balance is clarified as R5,*. In community of property marriages, assets and debts are typically divided equally. Do you need help with determining the division of these assets and liabilities, or would you prefer connecting with a lawyer to draft the settlement?