Complex proceeds of sale of matrimonial home

Holly acted for a husband at a final hearing to determine the level and duration of spousal periodical payments he should pay to the wife; her pension share award; and the split of the proceeds of sale of their former matrimonial home.

This latter issue was particularly complex, since the property was subject to a purchase option which, if exercised by a developer, would realise far higher level of sale proceeds than if it was sold on the open market.

The case highlighted Holly’s ability to deal with complex property issues and to work with her client to negotiate and propose two alternative arrangements to the Court.

The matter was successfully concluded by agreement.