Latest News

Failure to Take Pension Leads to IHT Liability Failure to Take Pension Leads to IHT Liability
Foreign Divorces - Better Protection for Spouses Foreign Divorces - Better Protection for Spouses
Courts Won't Enforce Undocumented 'Rights' Courts Won't Enforce Undocumented 'Rights'
Friend Must Repay Inheritance, Rules Court Friend Must Repay Inheritance, Rules Court
Husband's Covert Affair Means Wife Keeps House Husband's Covert Affair Means Wife Keeps House
'It's Been in the Family For Years' is No Argument 'It's Been in the Family For Years' is No Argument
Statute of Limitations Doesn't Affect Maintenance Penalties Statute of Limitations Doesn't Affect Maintenance Penalties
Divorce - Implications for Directors Divorce - Implications for Directors
Cohabiting After Divorce Affects Maintenance Payments Cohabiting After Divorce Affects Maintenance Payments
Courts Must Make Decisions on Child Protection Courts Must Make Decisions on Child Protection

'It's Been in the Family For Years' is No Argument

The argument put forward by a farmer that he should retain the family farm after his divorce, because it had been in his family for generations and his wife was aware that it was the family tradition for it to be handed down from generation to generation, was given short shrift in the family court recently.

The farmer had wanted the value of the farm to be ‘ring-fenced’ and left out of the calculations for dividing the couple’s assets on divorce. However, the judge ruled that there was no legal authority for a division of assets on that basis.

The farmer’s ex-wife was awarded the family home, a lump sum of £1.5 million and annual maintenance payments of £44,000.

For for information on divorce and family property, click here.

The contents of this article are intended for general information purposes only and shall not be deemed to be, or constitute legal advice. We cannot accept responsibility for any loss as a result of acts or omissions taken in respect of this article.