When a high net worth couple divorces the process can be much more complex than a typical divorce. There are often more assets to divide, as well as businesses and other interests that need to be taken into account. This can make the process much more complicated, and it is important to have experienced solicitors on hand to help guide you through it. Our High Net Worth Divorce Specialists can help you navigate this complex process to help you get a positive outcome
Fill in this form and a member of our high net-worth divorce team will give you a callJon Stones - Director
My name is Adrian Coggon and I'm a Director and Family Law specialist at John Barkers. We have expertise in helping high net worth clients go through the divorce process, providing expert guidance and support every step of the way. Get in touch today to learn how we can help
If you or your spouse owns a business, this will need to be valued as part of the divorce process. This can be complex, especially if the business is large or has multiple shareholders. You will need to appoint solicitors with experience in business valuation to ensure that the process is fair and accurate.
Similarly, if you have interests in other businesses or investments, these will also need to be taken into account. This can be a complex area, and you will need solicitors who understand how to value these types of assets accurately.
Another key area in any divorce is property division. This can be particularly complex in a high net worth divorce, as there may be multiple properties involved as well as other assets such as art collections or expensive jewellery. It is important to have solicitors who understand how to value these types of assets and who can negotiate on your behalf to ensure that the property division is fair.
If you or your spouse is a shareholder in a company or has interests in trusts, this can complicates the divorce process. You will need solicitors who are experienced in handling these types of cases and who understand the complexities involved.
There can be significant tax implications in a high net worth divorce. This is an complex area, and you will need solicitors who are experienced in handling these types of cases.
If you or your spouse has assets or businesses overseas, this can complicate the divorce process. We are experienced in handling these types of cases and can advise you on the best course of action.
Non-matrimonial assets are those that were acquired before the marriage or during the marriage but are not considered marital property. Examples of non-matrimonial assets include inheritance, gifts, and personal injury settlements.
If you and your spouse cannot agree on how to divide your assets the court will make a decision for you. The court will consider factors such as each spouse's needs and contributions to the marriage when making a decision.
When it comes to dividing pensions in a divorce, there are several options. One is for one spouse to take over the entirety of the pension, while another is for each party to retain their own pensions separately. Lastly, the couple may opt to divide the pension pot between them. Ultimately, the decision on division rests with the particular situation of both parties involved and must be discussed carefully; as any agreements made could have far-reaching impacts. To best ensure all parties' interests are kept in mind, professional advice should be sought before making any decisions.
Calculating child maintenance for high net worth families is more complex than going to the child maintenance service (CMS) and using the standard formula.
This is because there are many more things to take into account, such as:
At John Barkers we are experts in High Net Worth Divorce. We can help you negotiate a fair child maintenance agreement that takes all of your circumstances into account. This will give you peace of mind that your children are being taken care of financially, even after your divorce.