Complex financial case arises after divorce settlement: How tees helped one client navigate post-separation finances
Background
Tees was instructed to represent Benjamin* in reaching a financial settlement with his ex-wife following their divorce. Before approaching Tees, Benjamin had sought legal advice from a different firm during the divorce proceedings.
Although the divorce itself had been finalised, the financial matters between the former spouses remained unresolved. The time that had passed since their separation—and the changes in Benjamin’s financial circumstances—contributed to the complexity of the case.
The challenge
During the marriage, Benjamin was a stakeholder in a successful motor industry company. After the divorce, he sold his shares but remained employed by the company. As a result, he acquired additional shares, which vested prior to a significant nine-figure sale of the business.
Because no financial settlement had been agreed at the time of the divorce, the key legal question became whether Benjamin’s ex-wife was entitled to:
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The original shares held during the marriage, and
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Any of the shares acquired post-divorce.
Further complicating matters was the risk of a substantial future tax liability associated with these shares.
Navigating the settlement
With these factors in mind, both parties entered into negotiations. The goal was to reach a financial settlement, which ultimately was agreed in the region of a significant seven-figure sum.
A multi-disciplinary approach
In addition to the financial negotiations, Tees identified complex inheritance and tax issues that could have significant financial consequences for Benjamin. Drawing on the firm’s in-house expertise, Benjamin received tailored advice covering both tax and legal aspects of his situation.
To protect him from future tax exposure, Tees developed a comprehensive scheme, which was incorporated into both a financial consent order and a related Deed of Indemnity.
The outcome
This case—valued at approximately £20 million—highlights the value of Tees’ multi-disciplinary approach. We are proud to provide clients with holistic legal services, drawing on expertise across family law, tax, and estate planning to ensure the best possible outcome.
If you’re uncertain about your next steps following a separation, our team is here to guide you through every stage of the process.
*Names have been changed to protect client confidentiality.
