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Financial claims 20 years after divorce

It can happen!

As detailed in Sara Ludlow Lane’s previous articles, services offering fixed fee divorces for such low sums do not assist with the financial aspects of separation. 

Take the highly publicised case of Dale Vince, self-made millionaire, and Kathleen Wyatt.  Their divorce was granted in 1992 but their financial separation was left to one side.  Mr Vince made his fortune by founding an eco friendly energy company, years after the couple had divorced yet the Supreme Court has just ruled that Ms Wyatt may pursue her claim for financial relief.

She will have to show that any hardships she has suffered following the parties’ separation are resultant from the marriage but, should this be proved, she will likely receive a substantial pay-out.  She has pitched her claim at £1.9 million.  Watch this space…

All financial claims are opened in the divorce Petition.  These claims must be closed at some stage throughout the proceedings or you may find yourself in  Mr Vince’s shoes. 

It is well worth seeking legal advice before taking the first step in divorce proceedings otherwise you may find your divorce costly.  Mr Vince’s fees are already at £500,000.

Cuff and Gough Solicitors offer fixed fee services in relation to divorce and financial matters, contact Sara Ludlow Lane for further information; sara@cuffandgough.com