VT v LT
[2023] EWFC 256 (B)
Distribution of matrimonial assets fairly, considering factors in Section 25 of the Matrimonial Causes Act 1973.
Matrimonial Causes Act 1973, Section 25
Conduct threshold for financial remedies, as elaborated by Peel J in N V J [2024] EWFC 184.
N V J [2024] EWFC 184
Substantial departure from equal division of assets in favor of the husband.
Husband's sole responsibility for children's care since November 2020, relatively short marriage, husband's greater financial contribution, wife's limited income and earning capacity.
Husband to pay wife 22% of the net equity: £22,627 immediately via remortgaging and an additional £20,000 within 6 months of the youngest child's 18th birthday.
Reflects husband's capacity to remortgage and accounts for his sole responsibility for the children. Additional payment secured by charge.
Pension share to be ordered to reflect contributions during the nine-year cohabitation, aiming for equality of income at age 60.
To address the wife's minimal pension provision.
Parties to jointly instruct a solicitor to draft the order, legal charge, and pension share.
To ensure compliance with the court's judgement and facilitate an orderly execution of the financial arrangements.