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Wealthy businessman’s divorce fight opens debate on women whose careers have suffered for family

EH SolicitorsBlog UncategorisedWealthy businessman’s divorce fight opens debate on women whose careers have suffered for family

Nov

3

Wealthy businessman’s divorce fight opens debate on women whose careers have suffered for family

An intriguing Court of Appeal battle brought by the ex-wife of a wealthy accountant could mean more women battling over their ex-husbands’ wealth.

The case of Julia Hammans, who is battling multi-millionaire Nicholas Hammans is being watched by family lawyers throughout the land.

When the couple married in the early 1980s Mrs Hammans, then a financial director of a company earned a corporate salary similar to her then husband.

However, in the years whilst she was a stay at home mum raising a family, her husband’s career took off and he now earns almost £1m a year, whilst her income is less than a tenth of his and now she says she is being forced to sell the family home, which she has lived in since they split a decade ago.

In her legal challenge she claims the settlement was an unfair division of the family wealth.

Earlier this year a judge ordered that she should sell her £1.75m Twickenham home to help part fund her future after she had fought for another £2.6m from her ex-husband and was awarded £400,000.

This is a familiar case of a bright high flying woman giving up a blossoming career to raise a family, and when things go wrong the court has to make some difficult decisions over the division of assets.

It’s often the way that the woman suffers financially, whilst their husbands’ careers thrive, and it raises a debate about mums whose careers have suffered to bring up a family.

The division of finances following divorce is a prickly subject, and it is crucial for both parties to get the right advice at the outset.

The judges will give their ruling on the case at a future date not yet decided.

If you want to discuss family law issues or any other legal matter contact Ellis Hass & Co Solicitors on 0800 197 3560.

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