Clare Williams and Holly Tootill review the circumstances in which a two-stage process to determine assets, and then entitlement, will be appropriate ‘Having a hearing to decide the extent of the asset base, and another hearing to conclude a financial order, is unusual but perhaps inevitable when the parties are very far apart on what …
Continue reading "Financial provision: One step at a time"
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Rupert Higgins considers some cases highlighting the problems with hastily created declarations of trust ‘A guide to defeating creditors is long overdue. So here, too late for Mrs Rahman but for the benefit of readers, is a bluffers’ guide to bluffing.’ As controversial political figures go, it would be hard to find a candidate in …
Continue reading "Beneficial Interests: Defeating creditors: a how (not) to guide"
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Wills & Trusts Law Reports | September 2013 #132Michael Prest (husband) and Yasmin Prest (wife) were married for 15 years and had four children before the wife petitioned for divorce in March 2008. During the marriage the matrimonial home was in England, though for most of the time the husband was found to be resident in Monaco and there was also a second home in Nevis. Petrodel Resources Ltd (PRL), which was incorporated in the Isle of Man, was the legal owner of the matrimonial home and five other residential properties in the United Kingdom. PRL was part of a group of companies, one of which was the legal owner of two more resident...
