A well respected, award winning social enterprise
Volunteer run - Government and charity funded
We help 50,000 people a year through divorce

01202 805020

Lines open: Monday to Friday 9am-5pm
Call for FREE expert advice & service info


What are we each entitled to in our divorce settlement?

What does the law say about how to split the house, how to share pensions and other assets, and how much maintenance is payable.

What steps can we take to reach a fair agreement?

The four basic steps to reaching an agreement on divorce finances are: disclosure, getting advice, negotiating and implementing a Consent Order.

What is a Consent Order and why do we need one?

A Consent Order is a legally binding document that finalises a divorcing couple's agreement on property, pensions and other assets.


Do you need help sorting out a fair financial settlement?

Our consultant service offers expert advice and support to help you reach agreement on a fair financial settlement quickly, and for less than a quarter of the cost of using a traditional high street solicitor.


Windfall

  • jan12
  • jan12's Avatar Posted by
  • Junior Member
  • Junior Member
More
02 Jun 12 #334721 by jan12
Topic started by jan12
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

  • WYSPECIAL
  • WYSPECIAL's Avatar
  • Moderator
  • Moderator
More
02 Jun 12 #334730 by WYSPECIAL
Reply from WYSPECIAL
It will have to be declared because it is an asset.

  • sexysadie
  • sexysadie's Avatar
  • Platinum Member
  • Platinum Member
More
02 Jun 12 #334731 by sexysadie
Reply from sexysadie
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

  • dukey
  • dukey's Avatar
  • Moderator
  • Moderator
More
02 Jun 12 #334735 by dukey
Reply from dukey
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.

  • jan12
  • jan12's Avatar Posted by
  • Junior Member
  • Junior Member
More
02 Jun 12 #334737 by jan12
Reply from jan12
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?

  • WYSPECIAL
  • WYSPECIAL's Avatar
  • Moderator
  • Moderator
More
02 Jun 12 #334739 by WYSPECIAL
Reply from WYSPECIAL
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.

Moderators: wikivorce teamrubytuesdaydukeyhadenoughnowTetsSheziLinda SheridanForsetiMitchumWhiteRoseLostboy67WYSPECIALBubblegum11