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Hey big spender! Add Backs and Reckless Spending

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Date : May 29, 2010, 12:14 PM
Article ID : 90985

BEVERLEY MORRIS, Divorce & Family Law Practice LLP and MICHAEL KEEHAN QC, St Ive's Chamber

Harry and Julie have been married for 28 (predominantly) happy years. Harry is a consultant anaesthetist earning £200,000 gross per annum. Julie works as a teacher earning £30,000 gross per annum. Post separation, Harry goes on a spending spree - jewellery for the new girlfriend, changes his previous car to a Lexus and takes a one month cruise around the Caribbean to ease his stress levels. In a period of some 4 months, £85,000 has been spent by Harry from a deposit account in his sole name. The remedies for Julie? The pursuit by her lawyers? Is it conduct? Is it ‘one of the circumstances of the case?' Does it matter into which, if any, category it fits?

To read the rest of this article, see July [2010] Family Law journal. To log on to Family Law journal Online or to request a free trial click here.

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