laurief
As you say, PM v HM - being based on a short marriage of 4 years - was a ‘needs’ exercise for the Courts to decide on. HM put forward in evidence that her needs amounted to a total sum of £1.25 million per annum, included the following…
Seven fully staffed properties with full-time housekeepers in the annual sum of £645,000.
Holiday expenditure of £499,000 p.a. (including private and helicopter flights of £185,000),
£125,000 p.a. for her clothes,
£30,000 p.a. for equestrian activities (she no longer rides),
£39,000 p.a. for wine (she does not drink alcohol),
£43,000 p.a. for a driver,
£20,000 p.a. for a carer, and
Professional fees of £190,000 p.a.,
£542,000 p.a. for security,
£627,000 p.a. for charitable donations,
£73,000 for the cost of business staff
£39,000 p.a. for helicopter hospital flights.
These are what HM put as her needs. The Judge found that she had exaggerated. Going through each one in turn, in the end he awarded her £600,000.00 p.a on which to survive - although he did factor into this £50,000 pa for charitable work and donations– God knows how anyone can make do on so little, but poor HM was expect to do just that - but that’s the Patriarchy for you, eh?
As to their daughter, Beatrice, there were separate orders, the Judge said this:
[PM] has offered to pay periodical payments for Beatrice at the rate of £35,000 p.a. plus the cost of a nanny not to exceed £25,000 p.a. both sums to be index-linked. Nannies are expensive; good nannies do not come cheap. I consider that Beatrice, a child of 4 with a father as wealthy as the husband, is entitled to a generous rate of periodical payments. I consider £35,000 p.a. to be the right figure. However I consider that the nanny limit should be £30,000 p.a. Beatrice is entitled to a good nanny. However, I wish to make it clear that this does not give the wife a licence to automatically engage a new nanny or pay an existing nanny at the rate of £30,000 p.a. willy nilly. It is a maximum figure. The [PM] will also pay Beatrice’s school fees etc. as per his open offer. [PM] will also put in place security to cover his obligations to Beatrice in the event of his death prior to Beatrice attaining 17 years or completing secondary education whichever is the later.