High Net Worth Divorce

Business Assets and Complex Business Structures

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.

Corporate and Trust Structures

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.

Tax Implications
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.

International Issues

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

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.

Pensions

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.

Child Support

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:

• The number of children involved
• The assets and wealth of both parents

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.