High Net Worth Divorce Videos

Date when Video was Published: 16/06/2023

There is a common idea that the Courts will ignore businesses and business assets when considering a financial settlement ancillary to divorce. Fortunately, the Courts do not ignore businesses, business assets, or interests when it comes to negotiating divorce settlements. Whilst the Courts are reluctant to interfere with the smooth, running of a business or its ownership, businesses will be a key asset of the proceedings in terms of value and the income that it produces. Firstly, and in order to correctly advise you on the above issues, it is essential to appreciate exactly how the business is owned, what the business is worth, and what income it has produced and will produce in the future. Income is particularly important for the purposes of assessing the appropriate level of spousal maintenance should spousal maintenance be a relevant factor in your case. If you are a business owner, it may be necessary to put you in touch with a forensic accountants focused on supporting you through this process, to include assisting with financial disclosures, investigating the accuracy of disclosure and provide assistance with financial settlement related tax issues. Duncan Lewis Divorce Solicitors appreciate that you will be contacting us in challenging and emotional circumstances. For that reason, we are here to advise on legal procedure relating to divorce and connected matters and answer any questions that you may have. Please visit our website or call us directly on 033 3772 0409

Disclaimer

This video content was created on 16/06/2023 to provide an overview of the legal position and the information was correct at the time this video was created. This video has been produced for purposes of generic information and marketing purposes only. While the information on this site is about legal issues, it is not intended as legal advice or as a substitute for the particularised advice of your own legal advisor. Please consult one of our lawyers to provide you with advice and assistance on any matters touched on this video. Viewing of this video does not create legally binding advice and does not create a retainer with Duncan Lewis Solicitors. This video is Copyrighted at Duncan Lewis Solicitors 2023. Any illegal reproduction of this content is prohibited and will result in immediate legal action.