Wills & Trusts Law Reports | April 2012 #118The parties separated after a relationship of approximately 25 years and the wife commenced divorce proceedings (decree nisi being pronounced in October 2010). They had one child who was aged 18 (the husband had three children by his first marriage). The husband was aged 66 and the wife 54.
The total wealth was in the region of £21-£24m (all but approximately £1m was in the husband’s name). The source of the husband’s wealth was a business that his father bought shortly after the second world war, which floated in the 1950s and sold in the late 1980s. From his father, the husband ...
Karen Eckstein and Frances Bailey highlight the impact of tax planning on financial provision ‘Even with expert evidence making assumptions in relation to contingent assets is a risky strategy to take, as demonstrated by Judge v Judge [2008].’The saying is that there are only two certainties in life: death and taxes; save that in fact …
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