Homes, horses and hiding divorce assets – July wealth links

Friday, July 30, 2010 | Posted by: Fiona Cullinan
Categories: Personal | Tags: links, statistics, HNWIs, Bespoke, divorce, inheritance, investing, horses, Jumby

Our monthly pick of the web as it relates to high earners and HNWIs.

The four percentage figures of divorce… : …are highlighted in Spear’s as 40%, 50%, 60% and 99%: “In 99% of all cases the outcome of any financial settlement in a large money divorce will be one of these figures,” says Marc Saunderson, partner at Mills & Reeve.

Grant Thornton 2010 Matrimonial Survey: All out of love and hiding the money : This annual study reveals that 83% of solicitors surveyed believed it was the husband who concealed assets in divorce proceedings, compared with only 2% of wives. Get the latest figures on divorce, pre-nups, post-nups and more from Grant Thornton’s divorce report, just out – you can download the full report here.

Touring the (almost) largest home in America : At 90,000 sq ft, it’s so big they have 10 Segways to get themselves from room to room.

Lovely Jumby : Why the Antiguan beach cove of Jumby Bay is hot property news for the rich.

If your children are competent, they don’t need an inheritance : An 88-year-old Chinese billionaire on how to deal with the age-old issue of children and a plentiful inheritance: “If my children are competent, they don’t need my money. If they’re not, leaving them a lot of money is only doing them harm.”

It’s Highclere: buy a nose : Interesting article on how the hobby of investing in horses doesn’t have to be a financial drain.

FREE download of Bespoke magazine : Issue 3 of Grant Thornton’s magazine for private clients is now out. To get your free PDF copy, visit the downloads page (short registration required) or to receive future editions as a hard copy, please email your name and address to bespoke@gtuk.com. In this issue: Tudor gold-digging, capital gains tax, the Dubai property bubble, a day in the life of ‘Secret Millionaire’ Jonathan Hick and much more.

Read more Bespoke wealth links.