We helped advise a husband in a divorce case where the assets totalled £2.8 million and were spread over the former matrimonial home in the UK, along with further residential and commercial properties in both the UK and abroad.
The marriage was over a 28 year period. The couple, both in their 50s jointly owned a commercial property abroad where the husband operated his business from. The couple both had modest pensions in the UK.
The complexities in the case were concerning the business because the business structure was complicated. The couple were both joint shareholders in the UK registered part, which, in turn, owned 60% of the business operating overseas. The company needed to be registered, and the husband wants to transfer the shareholding into his sole name.