Trust Fund Multi-Millionaire Husband Ordered to Share It With Wife. Asserts That He Does Not Control Trust Fund and Will Be Left Homeless by Family Court Orders to Pay Wife Property and Support

Sixty year old UK Husband and Wife are divorcing after twenty-one years of marriage.

Husband is a trust fund millionaire in the hotel business, currently living in Spain and managing a property there.

Husband is worth about 4 million UK pounds in assets he owns outright.

There is also 6 million UK pounds in a trust fund his father established during the marriage.

The UK family court awards Wife some properties, along with a 3 million pound lump sum payment from Husband based on the trust.

Husband asserts that the trust is not for his benefit but for future generations of his family, and that he has no control over it. Husband further insists that the trustees of the trust will not cooperate in making trust funds available to pay Wife the court-ordered obligations.

Husband further asserts that the upshot is that he will be forced to sell the assets he controls to pay the award to Wife and his court-ordered child support obligations, and that he will be left homeless.

The UK family court finds that Husband is misrepresenting his finances and relationship to the trust and trustees.

Husband has appealed the trial court’s rulings.

Read more in this UK Daily Mail article: Millionaire claims he faces homelessness after unique divorce ruling orders trust funds to go to wife.