Wi
fe awarded increased maintenance from her ex-husband despite her unwise financial decisions causing her to lose a huge bulk of her divorce settlement.
There have been varying views in a recent report regarding a case of an application by a wife against her ex-husband for an increased amount of maintenance due to her losing money from her original divorce settlement. The Court of Appeal heard Mrs Mills’ application after she managed to accrue debt due to her unwise decision to invest the capital she received from her financial settlement from her husband (of £230,000).
It was ordered that Mr Mills pay to his ex-wife higher monthly spousal maintenance payments of £1,441 rather than £1,100 per month as Mrs Mills was unable to meet her basic needs. The published judgment is awaited. Some may think that this decision is unfair given the financial settlement was concluded and therefore her poor financial decisions should not reflect on her ex-husband.
When a married couple decide to divorce and there are financial ties stemming from the marriage then often proceedings can become complex. Jacksons deal with divorce and financial matters on a daily basis and if you need any advice in relation to the same then please do not hesitate to contact Louisa Bestford on 0191 2069617 or Emma Canham on 0191 2069621.
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