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BROOKMAN IN THE PRESS
Pilot triumphs in divorce appeal
(25 May 2006)
Times Online reports on a Brookman divorce case where a new precedent is set relating to how pension values are considered.
Former British Airways pilot, Phillip Martin-Dye, won his appeal ruling that his pension worth £900,000 should not be considered an ordinary asset in his divorce.
Mr Martin-Dye had appealed over whether his pension should be treated as an asset when dividing up the marital wealth. Prior to the appeal, the pension was included as a capital asset, being divided between the couple based on its total estimated value. However, a successful appeal resulted in Mr Martin-Dye’s settlement being amended by £650,000 in his favour. Henry Brookman, Mr Martin-Dye’s solicitor, said the case set a precedent that the courts can no longer equate pension values with other capital assets.
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Web Site Link: Timesonline.co.uk
