In a telling example of divorce affecting multiple generations, the High Court has cut the Gordian knot of a former couple’s marriage in circumstances where almost the entirety of their wealth – totalling over £6 million – emanated from the generosity of the husband’s father.
The husband, aged 62, had never worked in a conventional sense and had relied on financial support from his father, a successful property investor. The wife, aged 46, was a mathematics graduate who had a residual earning capacity although she had devoted herself to the care of their nine-year-old daughter. Both parties had been married before and the husband had three children by his previous wife.
The assets of the marriage consisted largely of the husband’s £4 million interest in a Lichtenstein foundation established by his father before his death and the former matrimonial home, a ...
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