This article gives a good summary of Mr Justice Mostyn's latest case on how to divide your assets on divorce, but taking into account any non-matrimonial property, such as inherited wealth.
Mostyn J’s latest case provides a useful summary and clarification on the method to divide the assets on divorce to reflect any non-matrimonial property. Background In JL v SL (No 1) [2014] EWHC 3658 (Fam) Mostyn J heard an appeal from District Judge Reid in the PRFD (as it then was). The wife appealed the decision on the basis that the judge had erred in three ways: not properly reflecting the non-matrimonial origin of inherited funds in the division of assets; providing for a step down in spousal maintenance to the wife when the children completed university; and providing no index linking for the spousal maintenance.
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