It sounds like you have done really well in court....if your wife was a former high earning professional and she gave this all up to mother your children. 23 Years of lost high earning potential. That doesn't come cheap!
It also sounds like she did a good job...four healthy children.
It also sounds like you are financially stable.
It also sounds like you are in a stable new relationship.... cohabitation/marriage?
This, I have to say would represent eutopia for me. Be thankful.
Now your questions....I offer good advice...
You can spend a fortune in time, money and most importantly energy, chasing righteousness. Re-read the above and count your blessings, you are lucky. Furthermore the court saw fit to award what they did based on the information in front of them. If it has come to light that this information was incorrect then you would have to PROVE that to be the case, and even then, would it be substantive enough to change the decision. It doesn't sound as though you NEED to revisit this. My ex tried something similar with me and it dragged the whole unhappy affair out for several more years and nothing really changed.
I was not dishonest but when 'attacked' the natural course of things is to defend. It was very easy for me to create a perception of mine and my new lovers life to rebuke any claim my ex made. I also did not feel bad doing this because IN FACT it was pretty true. I began to resent my ex attempting to exercise control over our new life...who is he to say whether my lover could stay over every now and then. It was further complicated for me as my children were not grown up. My ex even tried to 'get information' about my life from my children. Even with this inside track, he was on to a hide-into-nothing.
Ditto my work life. I became self employed in the first place because there was little chance of me re-entering the employment market. There was no way on earth I was going to allow my ex to control my financial fortunes as well as my future life....think for a moment?....he can remarry and I can't! My new lover was in fact a financial burden too!
Now for the legally bit...Orders for periodical payments can always be varied, suspended or discharged on the grounds of changed circumstances ( Matrimonial Causes Act 1973 section 31 )
Anyone considering this should bear in mind the following considerations :
(a) The possibility of negotiation or
mediation as an alternative to Court proceedings. (if you can do it this way you will save massively).
(b) You must always consider the costs aspect. Is it, for example, really worth it to spend £10,000 to get £500 a year knocked off your maintenance ?
(c) One of the difficulties about variations, especially after a long period of time, is that it may be much harder for the spouses to know very much about their ex's finances, and it is therefore difficult to judge the chances of success. For example, a recipient may be experiencing real difficulties living on the current level of maintenance but does not challenge it and carries on regardless. The payer may apply for a decrease, and the judge may decide that due to the payers improved circumstances should pay more!.
(f) The Court also has the power to order a payer of maintenance to pay a lump sum in return for the cancellation of the maintenance payments. This can have implications for the payer who may have acquired capital assets since the separation, which the wife cannot claim directly. The Court could, for example, order the payer to pay to the ex wife part of an inheritance in lieu of maintenance. This can be an attractive proposition for an ex - wife who intends to re-marry or cohabit, because the payments would be lost or reduced anyway. Most recipients of maintenance do not know about this; but the payer must consider the possibility that, if they apply for a variation, the ex may consult solicitors who will tell her.
In short, variations or even discharges are possible and within the powers of the Court but you need to weigh up the risks very carefully.
I hope you find this helpful. I have been a member of this forum for quite some time and have never been moved to post a comment until now.
Get on with your enviable life. Develop a generous spirit towards your ex, that attitude will be reciprocated. Learn to talk to your ex-wife as it will help dismantle the adversarial framework in which you currently exist. You will benefit from this and may even get support on your re-marriage as opposed to your ex-wife seeing it as an opportunity to go back to court herself.
God Bless.