Edward acted for a Wife in financial proceedings after a long marriage. With his support, the matter was settled at FDR.
It was agreed that there would be a sale of the former matrimonial home, and that Edward’s client would receive 95% of the net proceeds of sale. The Husband would pay the mortgage until sale and assume the overdraft of their joint bank account. There would be a clean break but a transfer of two of the Husband’s pensions amounting to 35% of the Husband’s total pension pot.
An application was made to discharge the periodical payments order.