Case study
Joint instruction helps couple reach amicable settlement after split
The Client
Fergus and Frances were married for 20 years and had two children under 18.
Fergus owned a busy veterinary practice, while Frances was a full-time mum.
They jointly owned four UK properties and were seeking an amicable divorce.
The Challenge
Fergus wanted to know what the family expenditure was as a whole. In a joint instruction, he asked us to analyse all their joint bank and credit card statements for the past 12 months, separating their spending into his, hers and the children’s.
The Solution
Once our analysis was complete, Fergus asked us to create an income needs schedule for Frances. Income needs schedules are used in divorce cases to help determine the financial needs of one or both parties, specifically in relation to spousal maintenance payments. They provide a clear understanding of the spouse’s financial needs to help inform any negotiations or court proceedings.
The Outcome
Thanks to their joint instruction, our independent, impartial, third-party analysis of the family expenditure and Frances’ future finances helped keep relations between Fergus and Frances cordial. The couple achieved an amicable divorce and a fair financial settlement out of court.
Work with us
Why Pennywise Consultants?
Does this story sound familiar? If it does, Pennywise Consultants can help. We specialise in creating and challenging lifestyle budgets and income needs schedules in mediation and legal proceedings.
Our independent, impartial reports are clear, easy to understand and presented in a format accepted by judges, court officials and legal professionals. Many top-tier law firms in England and Wales have successfully used our budgets to achieve fair outcomes.
We go the extra mile to help you and your clients make big decisions quickly and confidently, providing certainty and peace of mind. We can do the same for you.
Interested?