Sunday, July 05

City Council Ku Budiriro Yobiira Gogo

A 58- year-old Budiriro woman on Wednesday lost cash and received new clothes from sympathisers after falling into an open pit close to Market Square

 

 

 

 

Lucy Makarunga, 58, of Budiriro 5 said she lost US$300 and had one of her mobile phones damaged while rushing to board a bus.

“I fell into the open pit full of water and got soaked,” said Lucy.

 

 

 

 

“I had money in my bra meant to buy a television set.

“It was in the evening and the incident happened soon after talking to a beverages vendor operating close to the pit.

“Upon rushing to the bus, I fell into the pit.

 

 

“I realised later that I had lost my money when I was changing clothes donated by a sympathiser.

Ndakaedza kutarisa mari yangu handina kuiwana, ndamukirazve kuseniseni ndashaya.

“I went to City of Harare water works department and lodged my complaint there,” she said.

 

 

 

 

The pit was left open and unprotected by City of Harare workers at corner Mbuya Nehanda and Bute Streets.

Another  was also left open along Kenneth Kaunda Street close to a public toilet while there is another one opposite Harare Central Police Station along Inez Terrace.

 
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High Net Worth Divorce Lawyer: Protecting Assets, Businesses, and Retirement

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High Net Worth Divorce Lawyer: Complex Property Division

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A high net worth divorce can involve much more than dividing a house and checking account.

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These cases may include businesses, investment accounts, retirement plans, real estate, trusts, executive compensation, stock options, professional practices, tax issues, and hidden asset concerns.

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A high net worth divorce lawyer helps protect financial interests and build a strategy for complex property division.

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What Makes a Divorce High Net Worth?

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A divorce may be considered high net worth if it involves substantial assets, complex income, or valuable property.

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Examples include:

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Business ownership
rnMultiple homes
rnRental properties
rnInvestment portfolios
rnRetirement accounts
rnStock options
rnRestricted stock units
rnProfessional practices
rnTrusts
rnCrypto assets
rnLuxury assets
rnInheritance issues
rnHigh income
rnInternational assets

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These cases require careful financial analysis.

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Why Valuation Matters

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One of the biggest issues is determining what assets are worth.

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Assets that may need valuation include:

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Businesses
rnReal estate
rnPensions
rnProfessional practices
rnStock options
rnPrivate investments
rnArtwork
rnJewelry
rnCollectibles
rnIntellectual property
rnCryptocurrency

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A lawyer may work with financial experts, appraisers, forensic accountants, and tax professionals.

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Business Owner Divorce

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If one or both spouses own a business, divorce can become complicated.

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Questions may include:

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Is the business marital property?
rnWhat is the business worth?
rnDid the value increase during marriage?
rnIs income being underreported?
rnCan one spouse buy out the other?
rnWill business records be disclosed?
rnHow are retained earnings treated?
rnAre personal expenses being paid by the business?

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Business valuation can become one of the most contested parts of divorce.

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Hidden Assets in Divorce

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Some spouses try to hide or reduce assets before divorce.

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Warning signs may include:

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Sudden transfers
rnUnusual withdrawals
rnNew loans
rnChanged passwords
rnMissing statements
rnDelayed bonuses
rnOverpaid taxes
rnFake business expenses
rnCrypto transfers
rnAssets moved to relatives
rnUndervalued business interests

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A high net worth divorce lawyer may use discovery tools to request documents and trace money.

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Retirement and Investment Accounts

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Dividing retirement accounts may require special orders.

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Common accounts include:

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401(k)
rnIRA
rnPension
rn403(b)
rn457 plan
rnMilitary retirement
rnBrokerage accounts
rnDeferred compensation

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Some retirement divisions require a Qualified Domestic Relations Order, often called a QDRO.

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Mistakes can create tax problems or loss of benefits.

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Tax Issues in High Asset Divorce

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Divorce can affect taxes in major ways.

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Tax questions may include:

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Who claims children
rnCapital gains exposure
rnSale of home
rnAlimony tax treatment
rnBusiness tax liabilities
rnRetirement withdrawals
rnStock option taxation
rnCarryforward losses
rnFiling status
rnProperty transfer rules

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A divorce lawyer may coordinate with a CPA or tax attorney.

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Prenuptial and Postnuptial Agreements

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High net worth divorces often involve prenuptial or postnuptial agreements.

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A lawyer may review:

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Whether the agreement is valid
rnWhether disclosures were complete
rnWhether terms are enforceable
rnWhether circumstances changed
rnWhether there was pressure or lack of counsel

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Do not assume an agreement is automatically enforceable or invalid.

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Final Thoughts

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A high net worth divorce requires careful planning, financial investigation, and legal strategy.

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If your divorce involves a business, investments, real estate, retirement accounts, or complex income, do not rely on guesswork.

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The right lawyer can help protect your assets and avoid mistakes that may affect your financial future for decades.

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Small Business Insurance Checklist: Coverage to Compare

Small business insurance is one of those expenses many owners do not think about until a contract, landlord, lender, or unexpected claim forces the conversation. The problem is that buying coverage in a rush can lead to gaps, duplicate policies, or limits that look affordable but do not match the real risk of the business. A better approach is to understand the major coverage types, compare quotes carefully, and ask the right questions before signing.

A good business insurance plan starts with general liability coverage. This is the policy many clients and property managers request first because it can help cover claims involving bodily injury, property damage, and certain advertising-related issues. For example, if a customer slips inside a store, or a contractor accidentally damages a client's property, general liability may help with legal defense costs and covered settlements. The exact protection depends on the policy language, limits, exclusions, and state rules.

Many businesses also need commercial property insurance. This can protect buildings, equipment, inventory, furniture, tools, signage, computers, and other business property against covered events. A home-based business should not assume a homeowners policy automatically protects business equipment or customer-related activity. If you work from home, ask the insurer how business property and business liability are handled.

A business owners policy, often called a BOP, can package general liability and property coverage into one policy. It is usually designed for smaller companies with standard risk profiles. A BOP can be convenient, but it is not always enough. Restaurants, contractors, transportation companies, medical offices, and technology providers may need extra endorsements or separate policies.

Professional liability insurance is important for businesses that give advice, provide technical services, design solutions, manage accounts, or deliver professional work where a mistake could cost the client money. This coverage is also called errors and omissions insurance. Consultants, IT providers, accountants, real estate professionals, marketing agencies, engineers, and financial professionals often review this coverage because general liability may not cover professional mistakes.

Workers compensation is another major area. If a business has employees, state law may require workers compensation coverage. It can help pay covered medical costs and lost wages when an employee is injured on the job. Even if your state rules are limited for very small businesses, clients may still require proof of coverage before allowing your team on site.

Cyber liability insurance has become more important because even small businesses store customer records, accept online payments, use email, and depend on cloud platforms. A cyber policy may help with incident response, legal costs, customer notification, data recovery, business interruption, ransomware response, and regulatory issues. Coverage varies widely, so ask what counts as a covered cyber event and whether social engineering, wire transfer fraud, and business email compromise are included.

Commercial auto insurance is necessary when vehicles are used for business. A personal auto policy may not cover business driving, especially deliveries, transporting equipment, or employee use. If employees use their own cars for company errands, ask about hired and non-owned auto coverage.