Woman loses 50m divorce fight after claiming husband ‘set up sham offshore trust’ – Evening Standard

A woman has lost a 50 million divorce court battle after failing to prove her millionaire husbands offshore trust was a sham.

The former teachers estranged husband said the couple had set up the trust for the benefit of their two adult children, though the woman denied the claims.

A judge ruled against her during a private hearing in the Family Division of the High Court, concluding that the trust was "not a sham".

Detail of the case has emerged in a ruling produced by judge Mrs Justice Robert, who urged the couple to negotiate.

The pair, who have not been named, had already racked up lawyers' bills of more than 2.2 million.

The judge indicated that the woman would have been able to make a claim for a half share of a kitty of around 60 million, but was now looking at a half share of a kitty of about 10 million.

Mrs Justice Roberts said the dispute about the legitimacy of the trust was one of a number of preliminary issues she had ruled on during the pair's money battle.

She said both were in their 50s and had built up a property investment portfolio after marrying in the early 1980s.

At one stage, they owned a house abroad which had a swimming pool and a private chapel.

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Woman loses 50m divorce fight after claiming husband 'set up sham offshore trust' - Evening Standard