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Financial Settlement

Divorce

A hotelier has lost his appeal to have his ex-wife’s £3.75 million divorce settlement reduced.  Mr Whaley stated his wealth at £4million but judges also took into account two trust funds that had been set up by his father, the founder of Renway Homes, to provide for his heirs.  This increased Mr Whaley’s wealth to £10.4million when calculating the payout.  The Court of Appeal dismissed Mr Whaley’s claim that the settlement would harm future generations of his family.