We successfully helped a City banker protect his wealth after his wife tried to get more of his money following their divorce. We were able to negotiate a favourable financial settlement before a final contested hearing.
We had to call in expert accountancy advice to establish the value of the total assets based on capital gains tax and foreign trust assets. The main issues related to capitalisation of spousal maintenance and the wife’s share in future bonuses, with the wife seeking a further total of £2.5million.
We negotiated with the wife a much reduced lump sum payment to capitalize her future entitlement to spousal maintenance and the only on-going payment the husband now has is child maintenance and school fees.