Monday 7 February 2011

Compensation received before marriage, a matrimonial asset?

It has been reported by the Daily Mail this afternoon that a man who received the sum of £500,000.00 by way of compensation following a car crash five years before he met his wife has been ordered by the court to pay over £285,000.00 of that money to his now ex wife as part of a financial settlement on divorce.

The Judge in this case appears to have classed the husband’s compensation as part of the matrimonial assets.

This is an unusual case, and begs the question can it be fair that the husband now faces financial hardship by losing an asset that not only was provided as compensation for his disability, but one that he received before he met his ex wife?

The husband has now been granted permission to appeal against this ruling.

http://www.dailymail.co.uk/news/article-1354470/Divorce-judge-orders-crash-amputee-hand-500-000-compensation-ex-wife.html

Anne Thomas, Legal Executive, Hart Brown

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