Asos founder to pay out substantial money to ex-wife

An award-winning entrepreneur has been told to hand about a third of a £220 million fortune to his ex-wife after a High Court cash battle.

Nick Robertson, 48, a founder of online fashion retailer Asos, had argued that former wife Janine, 43, should get about £30 million of assets. She wanted nearly £110 million. A judge has concluded that she should get around £70 million after a public trial in the Family Division of the High Court.

http://www.telegraph.co.uk/news/uknews/law-and-order/12188925/Asos-chief-told-to-give-ex-wife-70m-in-divorce-cash-fight.html

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In 2023 there were 122 contested probate cases, up from 116 cases in 2022, according to the Ministry of Justice Family Court Statistics.

Philip Collins, Partner at Winckworth Sherwood, said that it “isn’t at all surprising” that there has been a rise in contested probate claims. He said: “We know that significant amounts of wealth, often tied up in property, is currently being passed down to younger generations. Inherited wealth is becoming increasingly important and can often […]