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“Vat ‘n Sit” or Marriage? Understanding the financial implications

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Maybe its time to rethink ‘vat ‘n sit”! According to Stats SA Marriage rates in South Africa have seen a significant decline, dropping by 29.5% between 2013 and 2022, this trend highlights a shift in societal norms with many couples choosing cohabitation over traditional marriage. For some, this decision reflects a belief that commitment doesn’t require legal formalities, while others see it as a way to maintain financial or personal independence.
While living together may seem like a way to avoid financial entanglements, cohabiting couples often face just as many  financial considerations as married couples. From life cover and estate planning to cohabitation agreements and wealth-building strategies, proactive financial planning is crucial. To further unpack we are joined on the line by Queen Malobane, Provincial General Manager at Metropolitan.

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