Millionaire Athelstan Whaley appeared before the Court of Appeal last Wednesday in an attempt to overturn Mrs Justice Baron’s order made last year requiring him to transfer to his former wife Belinda two properties in Kent and to pay her a lump sum of £3 million. Athelstan’s basic presentation is that complying with the order will render [...]
Read moreUn-named, but one for the boys?
The Telegraph reported last Wednesday (“Wife loses bid for bigger payout from estranged husband”, Victoria Ward) on an anonymised judgment handed down by Mr Justice Mostyn, resolving the financial claims of 2 divorcing Americans. At issue was the division of the family’s estimated wealth of £9.714 million. The wife, aged 46, wanted her husband’s pre-marriage assets of £2.1 [...]
Read morePitt v Holt and Futter v Futter (aka Hastings-Bass revisited) – one up to the Revenue
The story so far. Hastings-Bass, a case decided in 1975, gave life in legal terms to the proposition that should a trustee (or a person acting in a similar capacity such as a Court of Protection deputy) make a decision (otherwise known as “the exercise of a discretionary dispositive power”) with unforeseen but adverse fiscal consequences through, say, [...]
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March 28, 2011
