04 Apr 2023
Alex Carruthers comments on the nuances of UHNW divorce law in The Telegraph
Top family lawyers are dealing with eye-watering sums daily, and when preparing budgets of what a spouse might need to live on and therefore expect in maintenance, the numbers become extremely high.
Even in cases where the couple aren’t married, the poorer party can demand luxuries. These are nominally only for costs relating to any shared children, but can go further, with a judge recently decreeing that it was appropriate for the cost of a mother’s designer gear to form part of this child support.
Alex Carruthers commented “The philosophy being, I suspect, that the kids are going to be in a world where all the parents are in designer clothes, so it’s not for the mother’s benefit but for that of the kid so they’re not left feeling different.”
Alex also discussed the issue of where ultra high net worth individuals should be divorced, stating that in order to determine this a number of questions have to be asked.
“‘Where is your favourite hairdresser, your dog walker, your dog in fact, which doctor would you fly in to see, who’s your dentist’… anything that determines where they spend most of their time.”
Read Alex’s comments in The Telegraph here.