Introducing the winner of our first Employee of the Quarter awards! Fishers’ first hotly contested employee of the quarter awards has a winner. Chasing off stiff competition from several of our outstanding staff we are delighted to announce that Karen...
Racehorse Trainer Pays for Divorce from Beyond the Grave
The financial consequences of divorce can continue even beyond the grave. In one striking illustration of the point, a racehorse trainer’s ex-wife was awarded an additional six-figure sum from his estate four years after his death.
The former couple had run up more than £500,000 in legal costs during acrimonious divorce proceedings following their four-year marriage. Their assets were valued at around £3.2 million. However, the husband, who had a history of wholesale tax evasion, owed about £2 million to HM Revenue and Customs (HMRC).
The wife was ultimately awarded £756,000 by a family judge and the husband died about two years after the end of the proceedings. However, HMRC subsequently agreed a settlement with the husband’s estate and accepted £850,000 in satisfaction of the capital gains and corporation tax demands that he had faced.
In those circumstances, the wife reopened the divorce proceedings and was awarded an additional £108,000 by a judge from her husband’s estate. In upholding her challenge to that ruling, the Court of Appeal found that she was entitled to an uplift of £212,467. The decision raised her total divorce payout to £968,467.