Monday, May 25, 2009

A British spin on marital property (and division of same)

Here's a fascinating story about a British family lawyer, Raymond Tooth, who represents mostly the non-working (and soon-to-be-former) wives of wealthy men--and who does so quite successfully. Here is an interesting excerpt:

When it comes to defending the core principle of his mostly female clientele — that each spouse has an equal right to either’s wealth — he never lets go.

“It is quite clear that a partnership between a husband and wife is a partnership of equals,” he said.

Clear enough for Mr. Tooth and the spouses he champions, perhaps, but not always for their former partners.

Mr. Tooth works in a world where men, extremely wealthy financiers or world-famous celebrities, often earn the fortunes.

Even more interesting anecdotes are also featured in the story.

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