2020-03-06
Case Studies

Divorce after 25 years

Home / Knowledge base / Divorce after 25 years

Posted by Justin Creed on 07 May 2017

Justin Creed Head of Family Law

We are acting for a 50-year-old wife in divorce proceedings after a 25 year old marriage.

The available cash assets was significant as was the pension provision, significantly held in husband's sole name. Her husband, a senior executive, earnt a six figure salary net pa plus regular bonuses. Wife's earning capacity restricted when she gave up a career to be a full-time mother.

The case involved obtaining pension actuarial evidence given the significant pension income disparity. The husband argued that pre-marital contributions and inheritances should be considered when calculating the settlement.

Financial remedy proceedings were issued and it was agreed to use the first appointment as an FDR. The parties were subsequently then able to negotiate a settlement providing for a lump sum to the wife, a sale of the former matrimonial home, ongoing maintenance for the wife and a significant pension sharing order in her favour.

About the author

Justin Creed

Head of Family Law

Justin specialises in advising clients going through the personal difficulties of separation in terms of the financial issues and arrangements for children.

Justin Creed

Justin specialises in advising clients going through the personal difficulties of separation in terms of the financial issues and arrangements for children.

Recent articles

03 June 2020 Why use lawyers to draft your will or administer an estate?

In theory, drafting your own will using an off-the-shelf template, purchased online or from good stationers, can be a quick and easy way of leaving instructions on how you want your assets to be distributed after your death. Nonetheless, a will is a legal document and if it has been incorrectly worded and / or witnessed it may be invalid, meaning your estate would pass in accordance with the rules of intestacy (government provisions setting out how an estate should be divided if there is no will).

Read article
03 June 2020 Covid-19: a tour de force of force majeure?

In the following article, UK supply chain and logistics consultant, Paul Trudgian, and logistics law firm, Wright Hassall LLP, consider the impact of Covid-19 on the logistics industry. At the time of writing, we are now into week ten of lockdown and, by now, it is likely you will have read an article or two about the possibility of using force majeure to excuse non-performance of obligations due to Covid-19.

Read article
03 June 2020 Good markets hiding bad advice

Welcome to Wright Hassall’s podcast on “Good Markets Hiding Bad Advice”.

Read article
Contact
How can we help?
01926 732512
CALL BACK