Windfall

Can anyone tell me if a lottery win 6 years after separation (and 4 years before getting to court) will be considered to be a matrimonial assett in Ancillary Relief matters and does it have to be declared on form E?

Thanks

It will have to be declared because it is an asset.

I am not a lawyer but I would think that:

it would probably not be a matrimonial asset

the fact that the person had it would be taken into account to the extent that they had that resource (so could house themselves or not need spouse maintenance or something similar, depending on the amount).

However, it does have to be declared on form E, along with all other assets, matrimonial or otherwise.

Best wishes,
Sadie

It really depends on what court feel are the reasonable needs of both parties, given you have been separated so long you should be fine, that said one lottery win ended up in court ten years after the couple divorced, it was a big win though.

Thanks all

It wasn''t a massive win - enough to pay off all the debts accrued post separation. only a small amount left in premium bonds now which will be declared on form E - but rest well gone so nothing to be declared?

You declare whats there so sounds like there is nothing to be worrying about.

You wouldn''t declare it as a lottery win anyway you would declare what the investment is.