Holly represented a Wife in proceedings brought by her former husband to vary a financial order made in respect of their marriage. The Husband sought to stop paying his ex-wife financial support each month, relying on her move across the country as well as a large tax liability which he faced as reasons why the wife should no longer receive payments.
Through her advocacy Holly was able to remove the wife’s relocation as a reason for a reduction in payments. The issue remained the husband’s tax liability, arising out of a complex tax structure that he had used for a number of years and which had subsequently been closed down by HM Revenue and Customs. He therefore faced a large tax liability and a short-term reduction in his income.
The case was further complicated by the very limited and last-minute disclosure provided by the husband. Holly was able to draft a lengthy questionnaire for him to answer which elicited further information on the tax structure, an Employee Benefit Trust.
At the Financial Dispute Resolution hearing, negotiations took place for most of the day and Holly secured for the wife an ongoing, reduced monthly payment as well as a lump sum payment from the husband’s assets.