Asked by Daniel on 22-11-2021 16:39:39
Question posted in the General Law category relating to Eastern Cape
Julian and April are married out of community of property with the accrual system.When they got married – (a) Julian owed R50 000 in student fees to Big Bank Ltd. The value of his other assets were R10000; and(b) April owned a townhouse valued at R1.5M and other movable assets to the value ofR200 000.On the date of their divorce – (i) Julian’s assets are valued at R2.9M and his liabilities amount to R1.5M; and(ii) April’s assets are valued at R2.2M and her liabilities amount to R100 000.
Answer to the Question
Posted by Att. Patrick on 24-11-2021 00:29:43
I see that you haven't made a payment for the question, but I'm going to assist you a little. If you want to ask a follow-up question, please make the required payment, even if it is R150 or R200.
Julian's estate increased in value by R1,440,000 while April's estate increased in value by R400,000.
April would then have an accrual claim against Julian for half of the difference in increase, being half of R1,040,000, which is R520,000.
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