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Family proceedings – Ancillary relief. A husband and wife had lived together in a farmhouse held by the husband's parents. A trust was later executed over the farmhouse, with the husband as the principal beneficiary. Both the husband and wife had contributed joint money to the farmhouse. The wife claimed for ancillary relief following divorce. The family court held, inter alia, that the trust would be varied to create a wife's fund, of which £23,000 would be outright and £134,000 would be on the life tenancy in respect of the farmhouse.
Family proceedings – Ancillary relief. A husband and wife had lived together in a farmhouse held by the husband's parents. A trust was later executed over the farmhouse, with the husband as the principal beneficiary. Both the husband and wife had contributed joint money to the farmhouse. The wife claimed for ancillary relief following divorce. The family court held, inter alia, that the trust would be varied to create a wife's fund, of which £23,000 would be outright and £134,000 would be on the life tenancy in respect of the farmhouse.
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Westgate Wealth Management Ltd is a Partner Practice of FTSE 100 company St. James’s Place – one of the top UK Wealth Management firms. We offer a holistic service of distinct quality, integrity, and excellence with the aim to build a professional and valuable relationship with our clients, helping to provide them with security now, prosperity in the future and the highest standard of service in all of our dealings.
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