High Net Worth Divorce
Clear, strategic advice to help you navigate complex financial arrangements and protect your interests during a high net worth divorce.
High Net Worth Divorce Solicitors
High Net Worth Divorce
Divorce can involve difficult financial decisions, particularly where you or your spouse have significant or complex assets. Property portfolios, pensions, investments, business interests and other financial arrangements can all require careful consideration when determining how assets should be dealt with.
Getting specialist legal advice at an early stage can help you establish a clear picture of your financial position, understand the options available and work towards an appropriate settlement. Our high net worth divorce solicitors provide practical, tailored advice throughout this process, taking into account your assets, priorities and plans for the future.
What Is a High Net Worth Divorce?
There is no single definition of a high net worth divorce. Generally, a high net worth divorce involves significant or complex assets, which can make reaching a financial settlement more complicated. These cases may involve:
- Multiple properties or significant property portfolios
- Business or company interests
- Significant pension assets
- Savings and investments
- Trusts
- Inherited assets or family wealth
- Assets acquired before the marriage
- Assets or interests held overseas
- Complex income arrangements
The value of the assets is not the only factor that can make a divorce financially complex. Establishing ownership, obtaining appropriate valuations and understanding how different assets should be treated can all require careful consideration.
Our solicitors can guide you through the divorce process and help you understand the financial issues that need to be resolved alongside it.
Financial Matters in a High Net Worth Divorce
Establishing a clear and accurate picture of the finances is an important part of reaching a settlement. Both parties will usually need to provide financial disclosure covering their assets, liabilities, income, pensions and other financial resources.
There may also be questions around wealth that was acquired before the marriage, inherited assets and other family wealth. How these assets are treated will depend on the individual circumstances of the case.
Our family law solicitors can advise on the wider financial settlement as well as specific issues including how finances are divided on divorce, pensions on divorce and business assets on divorce.
Getting a Clear Picture of the Finances
Reaching a fair settlement starts with understanding the full financial position of both parties. This usually involves exchanging information about assets, income, debts and other financial interests.
Where necessary, further information or professional valuations may be needed before negotiations can take place. Our solicitors can guide you through this process and work with other professional advisers where specialist input is required.
Pre and Post Nuptial Agreements
Pre and post nuptial agreements can be particularly relevant where substantial assets, family wealth or business interests are involved.
If you already have an agreement in place, we can advise on its relevance when considering the financial arrangements following divorce.
We can also advise individuals who want to protect their financial position before or during a marriage through a pre or post nuptial agreement.
Reaching a Settlement in a High Net Worth Divorce
Having significant or complex assets does not necessarily mean that financial arrangements need to be determined by the court.
Where appropriate, negotiations and Alternative Dispute Resolution can provide a way of reaching an agreement while maintaining greater control over the process.
Our solicitors can advise you throughout negotiations, helping you consider proposed settlement terms in the context of your overall financial position and longer-term priorities.
Where an agreement is reached, we can advise on the steps required to formalise it. If an agreement cannot be reached, we can guide and represent you through financial remedy proceedings.
Other Issues to Consider
Financial arrangements may be only one part of your divorce.
Where children are involved, you may also need to consider their living arrangements and the time they spend with each parent. Our .
Changes following divorce may also mean you need to review other personal arrangements, including your Will or property ownership.
Our family law team can advise on the different issues arising from the breakdown of your marriage and help you understand how they interact.
Why Choose Bridge McFarland LLP?
High net worth divorce can involve complex financial and legal considerations. Our experienced family law solicitors can help you identify the issues that need to be addressed, guide you through financial disclosure and advise on obtaining appropriate valuations where required.
Bridge McFarland LLP also has expertise across a range of personal and business law services, which can be valuable where a divorce involves businesses, property or wider personal legal matters.
We aim to resolve matters constructively wherever possible while protecting your interests and helping you achieve greater certainty for the future. Where court proceedings are necessary, we can advise and represent you throughout the process.
Our high net worth divorce solicitors advise clients across Lincolnshire and East Yorkshire, including from offices in Lincoln, Grimsby and Hull.
Getting specialist advice at an early stage can help you understand your financial position, the issues that need to be addressed and the options available to you.
Speak to a High Net Worth Divorce Solicitor
If you are considering divorce or are already going through the divorce process and have significant or complex assets, speak to our experienced family law team.
Contact on 0800 987 8800 or email enquiries@bmcf.co.uk to discuss your circumstances and find out how we can help.
Frequently Asked Questions about Divorce
How easy this is to do and how to do it will depend on who has parental responsibility and whether all parties agree to the change. If all parties with parental responsibility have provided written agreement to the change this can be done easily via a Change of Name Deed. If one parent refuses, a Specific Issue Order will need to be obtained from the Court.
The minimum time it will take to complete a straightforward, no-fault divorce anywhere in the UK is currently 26 weeks. Divorce applications are dealt with through the divorce centre closest to you. Sometimes there are backlogs meaning the average time can be approximately 28 weeks. It will take longer if there is a financial settlement involved or or arrangements for children or in circumstances such as the divorce papers need to be served on your spouse.
If a settlement can’t be reached between the parties as to what should happen to their property, the Court will make a decision. This is based on what the Court considers to be fair, based on the circumstances of both parties.
The factors that will be taken into consideration are governed in law under the Matrimonial Causes Act 1973 including:
- The welfare of any child under the age of 18 (this is the first consideration)
- Income and earning capacity and financial resources of both parties including what they have now or are likely to have in the future
- Any contributions made by either party or likely to in the future
- The financial needs and obligations the parties has or are likely to have in the future
- The standard of living during the marriage
- The length of the marriage
- The age of each party
- The health of both parties including any physical or mental disability
- The conduct of both parties in that it would inequitable to disregard
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