A woman has lost a 50 million divorce court battle after failing to prove her millionaire husbands offshore trust was a sham. <\/p>\n
The former teachers estranged husband said the couple had set up the trust for the benefit of their two adult children, though the woman denied the claims. <\/p>\n
A judge ruled against her during a private hearing in the Family Division of the High Court, concluding that the trust was \"not a sham\". <\/p>\n
Detail of the case has emerged in a ruling produced by judge Mrs Justice Robert, who urged the couple to negotiate. <\/p>\n
The pair, who have not been named, had already racked up lawyers' bills of more than 2.2 million. <\/p>\n
The judge indicated that the woman would have been able to make a claim for a half share of a kitty of around 60 million, but was now looking at a half share of a kitty of about 10 million. <\/p>\n
Mrs Justice Roberts said the dispute about the legitimacy of the trust was one of a number of preliminary issues she had ruled on during the pair's money battle. <\/p>\n
She said both were in their 50s and had built up a property investment portfolio after marrying in the early 1980s. <\/p>\n
At one stage, they owned a house abroad which had a swimming pool and a private chapel. <\/p>\n
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Woman loses 50m divorce fight after claiming husband 'set up sham offshore trust' - Evening Standard<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" A woman has lost a 50 million divorce court battle after failing to prove her millionaire husbands offshore trust was a sham. The former teachers estranged husband said the couple had set up the trust for the benefit of their two adult children, though the woman denied the claims. A judge ruled against her during a private hearing in the Family Division of the High Court, concluding that the trust was \"not a sham\". Continue reading