Family/Divorce Articles

 Are you prepared for the spouse who is just on the take?

Most individuals going through a divorce, will have heard this threat in one way or another from the lesser earning spouse.  The truth is, there is every possibility that this can turn in to reality.  You could end up working all the hours to support your ex-spouse and kids, only to live a frugal life yourself.

“The cost of worldwide litigation is completely out of control” – the words of Mr Justice Colman following a one day maintenance hearing last week, costing £55,000!

How Not To Litigate

Some of you may have read about the long running saga that was widely reported in the press: Young vs Young.

On 27th February, the Law Commission published a report about Matrimonial Property, Needs and Arrangements and immediately thereafter there was a mass of reports in the media celebrating what they were heralding as being the validation of pre-nuptial agreements. Slightly premature in my opinion.

Now that things have calmed down a little and we have all had time to digest the report, I can finally tell you what the real position is.

A Wealthy Divorcee Sues Her Solicitors for Negligent Representation

A wealthy mother has claimed her multi-million-pound divorce settlement was far smaller than it should have been because her solicitor, John Seigal of Clintons, was negligent and is now suing the firm for up to £15million!

Caroline Mathiesen, has told the High Court that Mr Seigal failed to stop her ex-husband from utilising £2million a year from the family business and allegedly showering the profits on his children from a former marriage and his new partner.

Divorcing husbands with businesses beware; Supreme Court orders Oil baron husband to give wife substantial share of his business assets in his divorce settlement!

This week, the Supreme Court overruled the recent Court of Appeal’s decision that dis-allowed a wife to obtain a significant portion of a husband’s company (Petrodel Resources Ltd & Ors v Prest & Ors). What was an amazing outcome for husbands going through a divorce, has now been back tracked.

When things eventually come to the ‘crunch’, when all the talking is done, inevitably divorce proceedings are issued and you are immediately faced with the overwhelming task of dividing your matrimonial assets with your soon to be ex-spouse, in order to achieve the right financial settlement for you. Where do you start?

When things eventually come to the ‘crunch’, when all the talking is done, inevitably divorce proceedings are issued and you are immediately faced with the overwhelming task of dividing your matrimonial assets with your soon to be ex-spouse, in order to achieve the right financial settlement for you. Where do you start?

Established trusts have been successfully used in recent divorce cases to achieve favourable outcomes for divorcing husbands – the recent case of Petrodel Resources Ltd & Ors v Prest [2012], being an example. However, in this case, we have a clear and obvious example of trusts being used for tax efficiency reasons, but where they have resulted in a husband losing significantly in his divorce settlement.

A staggering £15 million divorce settlement brought to an end this widely publicized divorce case which has been going on for the past four years.

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