Case Studies

Case Study 1: INTERIM MAINTENANCE BUDGET

Background:

  • Client: Wife
  • Three children under 18.
  • 15-year marriage.
  • Property portfolio.
  • Interim maintenance requirements being disputed.

 Remit:

  • To provide figures for an Interim Maintenance Budget.
  • Verify income requirement with an in-depth analysis 12 month expenditure analysis.
  • To cross-reference, verify and consolidate all relevant financial data.
  • To submit figures in Form E compatible format.

 Outcome:

  • Confirmed Interim Maintenance Budget requirement.
  • Verified financial statement.
  • Figures submitted in Form E compatible format.
  • Fully justified Interim Maintenance Allowance.
  • Judge accepted Pennywise's analysis as accurate and impartial and ruled in client's favour.  The husband's objections were dismissed.
  • The husband's lawyers subsequently approached us to assist them on other cases.
Case Study 2: NON-DISCLOSURE

Background:

  • Client: Wife
  • One dependent child.
  • Two-year marriage.
  • One UK property.
  • Denied knowledge of marital finances.

 Remit:

  • To research figures for Interim Maintenance Budget based on inventory provided.
  • To create an income needs schedule - Future Budget Estimate.

 Outcome:

  • Realistic figures provided for Interim Maintenance Budget.
  • Credible Future Budget Estimate created.
  • Increased likelihood of fair financial settlement.  Case still ongoing.
Case Study 3: FUTURE BUDGET ESTIMATE

Background:

  • Client: Wife
  • Full-time mother with one child still living at home.
  • 40-year marriage.
  • Estate Trust controlling all finances.
  • Seeking Clean Break financial settlement.

 Remit:

  • To establish if financial settlement offer was fair and realistic.
  • Analyse our client's expenditure over previous five years.
  • To cross-reference, verify and consolidate all relevant financial data.
  • Provide long-term Future Budget Estimate.
  • Provide cost analysis for repairs & maintenance of a seven-bedroom house.
  • To ensure inclusion of annual inflation calculations on future costs.

 Outcome:

  • A complete and accurate financial analysis.
  • A significant uplift in financial settlement achieved.
Case Study 4: JOINT INSTRUCTION

Background:

  • Client: Husband
  • Two children under 18.
  • Busy practice owner.
  • Seeking amicable divorce after 20-year marriage.
  • Wife: Full-time mother.
  • Four UK properties.

 Remit:

  • Analyse all joint bank and credit card statements.
  • Provide in-depth analysis of 12-month period of all combined expenditure.
  • To cross-reference, verify and consolidate all relevant financial data.
  • To complete Schedule of Annual Expenditure section of Form E.
  • Create an income needs schedule for the wife.

 Outcome:

  • Accurate maintenance budget figures provided for two households.
  • Future Budget Estimates provided for both parties.
  • Impartial input from Pennywise helped achieve a fair financial settlement for both parties.
  • Settlement achieved out of court.
Case Study 5 : CLEAN BREAK SETTLEMENT

Background:

  • Client: Husband
  • A senior Partner in a prominent London law firm.
  • 25 year marriage.
  • Continuing to support four children over 18 (two at university)
  • Wife - Working as an NHS GP and financially independent.
  • UK property portfolio.
  • Seeking fair & equitable division of property assets and income.

 Remit:

  • To equip our client with the information required for a Clean Break settlement.
  • To calculate our client’s average monthly expenditure over a 12-month period.
  • To provide a separate breakdown of expenditure on children and properties for own reference.
  • To complete Schedule of Annual Expenditure section of Form E.

 Outcome:

  • Clean Break settlement achieved with division of assets.
Case Study 6 : IMPARTIAL ANALYSIS

Background:

  • Client: Husband
  • Full-time salaried employee on average income.
  • Fully dependent spouse; one dependent child.
  • Two UK properties (one purchased post-separation).
  • Wife disputing husband's expenditure analysis.

 Remit:

  • To provide Impartial Expenditure Analysis of 12-month period.
  • To ascertain and validate average monthly expenditure.
  • Audit post-separation expenditure claims.

  Outcome:

  • Provided proof of Full Financial Disclosure.
  • Satisfactory Financial Settlement reached.
  • Satisfactory Child Maintenance Agreement agreed.
Case Study 7: BUDGET ‘IMPROVEMENT’

Background:

  • Client: Wife
  • Full-time housewife.
  • 19-year marriage.
  • Three dependent children under 18.
  • Properties in UK and France.
  • Denied knowledge of marital finances.

 Remit:

  • To provide figures for Income Needs Schedule - Future Budget Estimate - using analysis of 18 months of past expenditure.
  • To evaluate and establish a fair and realistic maintenance offer. 

 Outcome:

  • Clarification of unfair and unrealistic maintenance offer.
  • Case still ongoing.
Case Study 8: INFLATED EXPENDITURE

Background:

  • Client: Husband
  • Successful international corporate lawyer.
  • Wife: Full-time housewife with one dependent child.
  • Property portfolio and family estate.

 Remit:

  • To analyse three years’ of joint expenditure.
  • To calculate the running cost of 14-bedroom family estate.
  • To estimate the running cost of a five-bedroom house in London.
  • To demonstrate full Financial Disclosure.

 Outcome:

  • Proved accurate Financial Disclosure.
  • Settlement agreement reached regarding property portfolio and family estate.
  • Satisfactory Financial Settlement reached. 50/50 settlement agreed despite wife having asked for 75%.
Case Study 9: ADD-BACK from 'THE BLACK HOLE'

Background:

  • Client: Wife
  • Former principal wage-earner turned full-time mother.
  • 16-year marriage with one dependent child.
  • Four properties; three in UK, one in France.
  • Good understanding of financial affairs.
  • High net worth husband.

 Remit:

  • To evaluate possibly inaccurate or unreliable Financial Disclosure.
  • To analyse multiple bank account and credit card usage in multiple currencies over a five-year period to ascertain the amount of money spent on mistress.
  • To track and record all personal and corporate inter-account transfers.
  • To identify and separate personal from corporate financial activity.

 Outcome:

  • Identification of £1 million spent outside the marriage.
  • Proof of inaccurate Financial Disclosure.
  • Substantially improved Financial Settlement with an Add-Back in excess of £850,000 awarded.