Our thanks to Lars for this. The start of the piece:
A divorced wife who secured almost all of the ready cash when her marriage broke up 15 years ago has won an order that her former husband must support her for life because she has spent the money.
Maria Mills, 51, a former estate agent, won a £230,000 lump sum plus £1,100 monthly maintenance payments when she split with her “reliable and truthful” husband, Graham, 50, after 13 years of marriage in 2002.
However, she invested unwisely in a series of London properties so as to climb the housing ladder, losing all the money she was given and plunging herself heavily into debt.
[She – not her ex-husband – would have benefitted personally if her investment decisions had been successful. But they were unsuccessful, and the ex-husband is, in effect, being held financially responsible for her decisions. Outrageous.]
Senior judges at the Court of Appeal in London have now ordered that Mrs Mills’s monthly payouts be increased to £1,441 and told her ex-husband that he must support her for life as she is unable to meet her basic needs.
Their ruling came despite pleas by Mr Mills that he should not be the insurer against the wife’s poor financial decisions and forced to “pick up the tab” 15 years after they separated. It will fuel pressure for reform to end the so-called meal-ticket for life.
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