Tag Archive for: Special Contribution

by James J. Gross

Ryan Giggs will ask an English divorce court for more than 50% of millions that he has acquired during his marriage due to his special skills in football, or soccer as we call it in America.  The argument failed last week in Randy Work’s “genius” claim.

We have something similar in Maryland which you can argue if you have made special contributions in your marriage.

In Maryland,when distributing marital property: the court must consider, among other factors;

— the contributions, monetary and nonmonetary, of each party to the well-being of the family.  Section 8-205 (b)(1) of the Family Law Article of the Md. Code

and

— how and when specific marital property or interest in property was acquired, including the effort expended by each party in accumulating the marital property or the interest in property.  Section 8-205 (b)(8) of the Family Law Article of the Md. Code

by James J. Gross

Randy Work and Mandy Gray married 22 years ago.  Randy  was an executive at Lone Star Funds and their marital estate was worth $225 million dollars by the time they divorced in 2015 in England.  The court split the money equally between

Work appealed and argued that he should receive 61% because of his special contribution.  U.K. judges have distinguished cases where success is of a “wholly exceptional nature” and people who’ve become very wealthy through ordinary means.

The three judge appeal panel ruled against Work, however, and upheld the lower court’s finding that the fortune was the result of “being in the right place at the right time, or benefiting from a period of boom,” not professional genius on the part of Randy.