Life partner of businessman loses out on R21 million death benefit

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Life partner of businessman loses out on R21 million death benefit
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The woman acknowledged that she had signed a cohabitation agreement with the deceased in February 2014.

Even if you qualify as someone’s legal dependant, it does not automatically give you the right to receive a portion of that person’s death benefit, the Pension Funds Adjudicator said in a ruling this week.

However, she signed a cohabitation agreement years before, in which a waiver stated she could not claim a share of the deceased’s pension, deceased’s fund, investments, profit sharing, or other retirement interests.‘Can my husband spend the weekend with his mistress?’ – French police inundated with oddball virus queries

In addition, she inherited immovable property valued at approximately R1.7 million, and the executor of the deceased’s estate pays her an estimated amount of R35 000 per month.Court rules man can’t get R610,000 back after he gave it to girlfriend to hide from his wife One was that there were no witnesses when the agreement was signed. She argued that some of the terms of the agreement had not been explained to her, such as a clause in the agreement that waived her right to share in the partner’s pension, provident fund, investments, profit sharing, or other retirement interests.

The Old Mutual provident fund submitted in turn that the cohabitation agreement the deceased and his life partner had signed earlier clearly stated that he did not wish for her to receive a share of his death benefit.The fund also argued that even though the complainant is 52, she has a tertiary qualification and prior work experience, and that she therefore still has income-earning potential.

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