Read the full judgment text of FCMC 000245/1979 on BabelCite. This Family Court judgment before Judge Jones.
Divorce – Ancillary Relief – Lump Sum – Squandered Assets – One-Third Rule – Inherited Estate – Costs – Whether squandered assets to be taken into account – Yes – Whether one-third rule applies – Yes but Section 7 factors must be considered – Whether daughter's share of estate retained – No – Appeal allowed in part; lump sum increased to $200,000; estate interest varied to 1/2 wife and 1/2 husband; costs to appellant
Legal issues: Calculation of lump sum considering squandered assets · Application of one-third rule · Allocation of inherited estate interest · Costs of appeal
Outcome: Appeal allowed in part; lump sum increased; estate interest varied.