Inherited Wealth
Family Finance
A recent ruling in the case of Grubb v Grubb [2009] has seen a wife awarded a £4.4 million share of her ex-husband’s estate despite the fact she had not made any capital contributions to the parties assets.
The husband inherited his wealth on the death of his father and the court therefore ruled that the couples’ fortune was not the product of either of the parties’ endeavours. The £4.4 million, made up in property and maintenance, is equivalent to about a third of the wealth the husband inherited.
The ruling has led to complaints from some that the courts unfairly favour the wife in cases where the husband has a substantial level of wealth. In setting out his ruling the judge stated that the ex wife “has to have her needs met”. What these needs are is a matter for the courts to decide.
If you would like advice on divorce, separation and financial settlements please contact our Family Law Department on Eastbourne 01323 727321 or Hailsham 01323 841481 for a free initial appointment.
