High Net Worth Divorces are divorces where the assets of one or both parties to the marriage exceed needs. Financial wealth can include complex trusts, property in England and Wales and internationally, personal and businesses assets, and inherited wealth, as well as substantial pension assets. Duncan Lewis High Net Worth Divorce Solicitors offer confidential and specialist legal advice on High Net Worth Divorce, where there may be a complex financial relationship between the parties.
Duncan Lewis High Net Worth Divorce Solicitors will assist you with every aspect of the legal divorce process, to include:
In Non-High Net Worth Divorce, both parties are usually permanently settled in one country. Therefore, it is both clear and unquestionable that the court of that country has jurisdiction over the divorce. In High Net Worth Divorce, this is not inevitably the case. If it jurisdiction is uncertain care should be taken to decide on the most suitable location for the divorce case to be heard.
Generally speaking, the courts take a very broad approach when assessing a party’s financial needs. Conversely, in the case of High Net Worth Divorce, the parties have a tendency to have a very high standard of living and there are considerable financial assets to consider. Consequently, the parties’ needs will be considered in a more liberal way than in a commonplace divorce case.
Even when parties are divorcing agreeably, managing valuations of assets can be difficult. High Net Worth assets not only have a tendency to be held internationally but also can be based in an assortment of legal structures. When one party in a divorce is non-cooperative, establishing the full range of their assets often requires both diplomacy and resolve. Occasionally, non-cooperative parties can be convinced to cooperate if they are made aware that it is in their best interests to do so and to avoid serious legal consequences, such as costs orders.
Unfortunately, from time to time no one can persuade the non-cooperative party to produce the relevant information and documentation, in which case the solicitor acting for the other party will need to offer to the court a projected value and ask the court to draw their own inferences as to value.
Duncan Lewis High Net Worth Divorce Solicitors offer specialist legal advice on all Divorce or Separation related matters to those individuals with assets in excess of 1 million pounds. For expert legal advice call Duncan Lewis Divorce Solicitors in confidence on 033 3772 0409 or contact us via our online contact form.