{"id":13452,"date":"2017-09-16T18:37:26","date_gmt":"2017-09-16T18:37:26","guid":{"rendered":"http:\/\/dominiclevent.com\/blog\/?p=13452"},"modified":"2019-04-17T17:17:10","modified_gmt":"2019-04-17T17:17:10","slug":"ex-wifes-bid-to-increase-3-5m-divorce-payout-is-thrown-out-and-this-is-why","status":"publish","type":"post","link":"https:\/\/dominiclevent.com\/blog\/ex-wifes-bid-to-increase-3-5m-divorce-payout-is-thrown-out-and-this-is-why\/","title":{"rendered":"Ex-wife&#8217;s bid to increase &pound;3.5m divorce payout is thrown out and this is why"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div itemprop=\"articleBody\">\n<p>The law firm representing a former air hostess has voiced its \u201cdisappointment\u201d after judges rejected her bid to up a \u00a33.5 million divorce payout to \u00a35 million.<\/p>\n<p>Divorce lawyers at Irwin Mitchell Private Wealth say the Court of Appeal decision \u201cleaves the law in a state of flux\u201d.<\/p>\n<p>Karen Hart, from Sutton Coldfield, believed she should have received \u00a35 million from her business mogul husband after their 20-year marriage ended.<\/p>\n<p>The 61-year-old\u2019s barrister described \u00a33.5 million as the \u201cworst case scenario\u201d.<\/p>\n<figure class=\"in-article-image\" data-mod=\"image\" itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"http:\/\/schema.org\/ImageObject\"><meta itemprop=\"url\" content=\"http:\/\/i4.birminghammail.co.uk\/incoming\/article13599100.ece\/ALTERNATES\/s615b\/JS130044333.jpg\"\/><meta itemprop=\"width\" content=\"615\"\/><meta itemprop=\"height\" content=\"979\"\/><\/p>\n<div class=\"outer\">\n<div class=\"mod-image\">\n<img data-src=\"http:\/\/i4.birminghammail.co.uk\/incoming\/article13599100.ece\/ALTERNATES\/s615b\/JS130044333.jpg\" alt=\"Karen Hart\" content=\"http:\/\/i4.birminghammail.co.uk\/incoming\/article13599100.ece\/ALTERNATES\/s615b\/JS130044333.jpg\"\/><\/div>\n<\/div><figcaption><span class=\"caption\" itemprop=\"description\">Karen Hart<\/span><br \/>\n<span class=\"credit\" itemprop=\"author\"> (Image: Richard Gittins \/ Champion News)<\/span><br \/>\n<\/figcaption><\/figure>\n<p>She should have got at least half of a family fortune valued at \u00a39.4 million and it was \u201cunfair and discriminatory\u201d that John Hart walked away with 63 per cent, she argued.<\/p>\n<p>But Appeal Court judges disagreed, pointing to the fact that John, aged 82, was already a multi-millionaire when they married in the 1980s.<\/p>\n<p>A \u201cman of substance\u201d, he had built a property development empire after starting out on his father\u2019s fruit and veg stall in the 1950s.<\/p>\n<p>Karen was working as an air hostess when they met and \u201chad no assets save for a Porsche\u201d, said Lord Justice Moylan.<\/p>\n<figure class=\"in-article-image\" data-mod=\"image\" itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"http:\/\/schema.org\/ImageObject\"><meta itemprop=\"url\" content=\"http:\/\/i1.birminghammail.co.uk\/incoming\/article13599112.ece\/ALTERNATES\/s615b\/JS130044313.jpg\"\/><meta itemprop=\"width\" content=\"615\"\/><meta itemprop=\"height\" content=\"1276\"\/><\/p>\n<div class=\"outer\">\n<div class=\"mod-image\">\n<img data-src=\"http:\/\/i1.birminghammail.co.uk\/incoming\/article13599112.ece\/ALTERNATES\/s615b\/JS130044313.jpg\" alt=\"John Hart\" content=\"http:\/\/i1.birminghammail.co.uk\/incoming\/article13599112.ece\/ALTERNATES\/s615b\/JS130044313.jpg\"\/><\/div>\n<\/div><figcaption><span class=\"caption\" itemprop=\"description\">John Hart<\/span><br \/>\n<span class=\"credit\" itemprop=\"author\"> (Image: Champion News Service ltd)<\/span><br \/>\n<\/figcaption><\/figure>\n<p>Despite the more than 20 years between their ages, the couple met and fell in love in 1979 \u2013 and tied the knot eight years later.<\/p>\n<p>They had two, now adult, children together and lived in a \u00a31.1 million five-bedroom gated property in Wishaw. It boasts a gym, home cinema room, a separate guest annexe and garaging for five cars.<\/p>\n<p>Their prosperous lifestyle included holiday homes in Miami and Spain but they separated in 2006 and started divorce proceedings in 2011.<\/p>\n<aside class=\"read-more-links\">\n<h5 class=\"publication-theme-icon publication-theme-border\">Read More<\/h5>\n<\/aside>\n<p>Since then, the court heard, the couple have spent more than \u00a3500,000 on lawyers\u2019 bills while fighting over money.<\/p>\n<p>Two years ago, family Judge Stephen Wildblood divided their assets unequally, handing Karen \u00a33.5 million to cover her \u201creasonable needs\u201d.<\/p>\n<p>That was just 37 per cent of the money pot, but the judge found John was \u201cwealthy before the marriage\u201d, bringing \u00a32.6 million into the union.<\/p>\n<p>Moving on from his father\u2019s stall, he branched out into financial services before shifting into property development around the time the couple started living together.<\/p>\n<p>By the time of the divorce, the family wealth came to \u00a39.4 million, including a trust fund worth \u00a35.5 million, which was found to be \u201cthe husband\u2019s resources\u201d.<\/p>\n<aside class=\"read-more-links\">\n<h5 class=\"publication-theme-icon publication-theme-border\">Read More<\/h5>\n<\/aside>\n<p>Peter Mitchell, for Karen, argued that her \u00a33.5 million payout \u201cwas, as it transpired, the worst possible result for her\u201d.<\/p>\n<p>By focusing on her \u201cneeds\u201d, rather than equally dividing the family assets, Judge Wildblood had reached an \u201cunfair and discriminatory result\u201d.<\/p>\n<p>\u201cIt is discriminatory to the wife to limit her to her reasonable needs and to say \u2018we are giving the husband everything else\u2019,\u201d he argued.<\/p>\n<p>\u201cThe resolution of the case on needs was the worst possible outcome for Mrs Hart. Marriage is a partnership of equals and, if you build up a pot together, you should share equally in that pot. It was the worst possible result, which precluded any sharing.\u201d<\/p>\n<p>But Grant Armstrong, for John described the fortune the businessman brought to the marriage 30 years ago as an \u201celephant in the room\u201d.<\/p>\n<aside class=\"read-more-links\">\n<h5 class=\"publication-theme-icon publication-theme-border\">Read More<\/h5>\n<\/aside>\n<p>Compared to his resources at the time of the marriage, his young bride \u2013 just 27 when they met \u2013 was a financial \u201cmouse\u201d, he added.<\/p>\n<p>John was already very rich by then, having several cars, yachts, the properties in Spain and Miami and all the trappings of wealth.<\/p>\n<p>\u201cHe was coming into this marriage as a man in his 50s, after a lifetime of working in business and having considerable property assets,\u201d said the barrister.<\/p>\n<aside class=\"read-more-links\">\n<h5 class=\"publication-theme-icon publication-theme-border\">Read More<\/h5>\n<\/aside>\n<p>\u201cThis was not a case where a couple grew their assets together.\u201d<\/p>\n<p>Far from being unfair to her, the divorce had left Karen \u201ca home, a holiday home, a lifetime income at a very considerable figure and clear of liabilities.\u201d<\/p>\n<p>In a statement, Nicola Walker, partner at Irwin Mitchell Private Wealth, said: \u201cIt is disappointing that the court has once again erred in the favour of Mr Hart.<\/p>\n<p>\u201cGiven that the couple were married for 23 years, the settlement should have been based on an equal sharing of the assets they created between them during this time.\u201d<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"http:\/\/www.bing.com\/news\/apiclick.aspx?ref=FexRss&#038;aid=&#038;tid=CB29147CB8F249D987B71F9399045A4F&#038;url=http%3A%2F%2Fwww.birminghammail.co.uk%2Fnews%2Fmidlands-news%2Fex-wifes-bid-increase-35m-13599092&#038;c=7017809869981457747&#038;mkt=en-gb\">Source link <\/a><br \/>\n<a href=\"https:\/\/dominiclevent.com\/contact-us\/\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/dominiclevent.com\/blog\/wp-content\/uploads\/2017\/01\/footer-300x100.png\" alt=\"\" width=\"600\" height=\"200\" class=\"aligncenter size-medium wp-image-14\" srcset=\"https:\/\/dominiclevent.com\/blog\/wp-content\/uploads\/2017\/01\/footer-300x100.png 300w, https:\/\/dominiclevent.com\/blog\/wp-content\/uploads\/2017\/01\/footer-150x50.png 150w, https:\/\/dominiclevent.com\/blog\/wp-content\/uploads\/2017\/01\/footer.png 600w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The law firm representing a former air hostess has voiced its \u201cdisappointment\u201d after judges rejected her bid to up a \u00a33.5 million divorce payout to \u00a35 million. Divorce lawyers at Irwin Mitchell Private Wealth say the Court of Appeal decision \u201cleaves the law in a state of flux\u201d. Karen Hart, from Sutton Coldfield, believed she &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/dominiclevent.com\/blog\/ex-wifes-bid-to-increase-3-5m-divorce-payout-is-thrown-out-and-this-is-why\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Ex-wife&#8217;s bid to increase &pound;3.5m divorce payout is thrown out and this is why&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-13452","post","type-post","status-publish","format-standard","hentry","entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ex-wife&#039;s bid to increase &pound;3.5m divorce payout is thrown out and this is why - Dominic Levent Solicitors Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dominiclevent.com\/blog\/ex-wifes-bid-to-increase-3-5m-divorce-payout-is-thrown-out-and-this-is-why\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ex-wife&#039;s bid to increase &pound;3.5m divorce payout is thrown out and this is why - Dominic Levent Solicitors Blog\" \/>\n<meta property=\"og:description\" content=\"The law firm representing a former air hostess has voiced its \u201cdisappointment\u201d after judges rejected her bid to up a \u00a33.5 million divorce payout to \u00a35 million. 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