Wednesday, 9 November 2011

Recent divorce settlement - beyond reasonable?

There has recently been much press coverage in respect of the financial settlement awarded to Mrs Grubb by the Court of Appeal following her divorce from Mr Grubb.
The Telegraph Newspaper questioned whether the £4.4 million divorce settlement was beyond Mrs Grubb's reasonable needs and provided detail of the 9 bedroom country home which she would retain as well as a lump sum payment and child maintenance provision.
Although I have not yet been privy to the full details of this case, it is apparent that this was a lengthy marriage - some 26 years and involved considerable wealth in the region of £12 million.
In England the Court has a wide discretion and the family law judges have a list of factors that they must take into account and apply to each case before them.  Those factors, amongst others, include the income and financial resources available to the parties now or in the foreseeable future, the standard of living enjoyed by the family during the marriage and the length of marriage.
Therefore in many circumstances, what may appear as a settlement beyond most people's wildest dreams it will of course be relative to a couple's own personal circumstances.
The so called big money cases will invariably get much press attention but they will often have little impact, if any, on the average divorcing couple.  Each case needs to be considered on its own facts and therefore expert divorce advice from a specialist family law solicitor.
For more advice on divorce follow our family law blog or follow us on Twitter @ Divorce_experts.

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