header-logo header-logo

The big bonus split

07 March 2014 / Robert Micklem , Lucy Marks
Issue: 7597 / Categories: Features , Family
printer mail-detail
web_micklam_marks

How do the courts treat post-separation earnings? Robert Micklem & Lucy Marks report

It is not uncommon for one person in a divorce to earn a bonus between the date of separation and final settlement on divorce. With bonuses often forming a large part of the available family assets, many clients want to know how such sums will be treated by the court when it comes to deal with a final settlement.

 

Unsurprisingly, given the discretionary nature of the court, the answer is not straightforward, but the recent case of H v W [2013] EWHC 4105 (Fam), [2013] All ER (D) 249 (Dec) in which this firm acted for the husband, has provided some clarity.

Matrimonial or non-matrimonial property

Ideally a spouse in the midst of divorce proceedings would wish to claim that any money earned post-separation should be treated as non-matrimonial property and thereby should be ring-fenced from the divisible wealth. However, even non-matrimonial property can be made available for distribution.

In N v F (Financial Order: Pre Acquired

If you are not a subscriber, subscribe now to read this content
If you are already a subscriber sign in
...or Register for two weeks' free access to subscriber content

MOVERS & SHAKERS

Freeths—Ruth Clare

Freeths—Ruth Clare

National real estate team bolstered by partner hire in Manchester

Farrer & Co—Claire Gordon

Farrer & Co—Claire Gordon

Partner appointed head of family team

mfg Solicitors—Neil Harrison

mfg Solicitors—Neil Harrison

Firm strengthens agriculture and rural affairs team with partner return

NEWS
Conveyancing lawyers have enjoyed a rapid win after campaigning against UK Finance’s decision to charge for access to the Mortgage Lenders’ Handbook
The Crown Prosecution Service (CPS) has launched a recruitment drive for talented early career and more senior barristers and solicitors
Regulators differed in the clarity and consistency of their post-Mazur advice and guidance, according to an interim report by the Legal Services Board (LSB)
The Solicitors Act 1974 may still underpin legal regulation, but its age is increasingly showing. Writing in NLJ this week, Victoria Morrison-Hughes of the Association of Costs Lawyers argues that the Act is ‘out of step with modern consumer law’ and actively deters fairness
A Competition Appeal Tribunal (CAT) ruling has reopened debate on the availability of ‘user damages’ in competition claims. Writing in NLJ this week, Edward Nyman of Hausfeld explains how the CAT allowed Dr Liza Lovdahl Gormsen’s alternative damages case against Meta to proceed, rejecting arguments that such damages are barred in competition law
back-to-top-scroll