Divorce is challenging for all couples, but if you are a high net worth couple, financial matters can be even more complex. While the legal process for becoming divorced is the same for almost all couples, there are added steps and issues that must be dealt with when it comes to high net worth cases.
We have managed many high net worth cases, dealing with specialist legal matters with professionalism and pragmatism. To discuss your specific circumstances and concerns with us, get in touch with us today by calling 0141 620 0800 or complete our online enquiry form and we will get back to you right away to arrange an appointment.
What is a high net worth divorce?
There is no specific legal definition for a high net worth divorce, it is simply a term used to describe couples who may have more complex financial circumstances and assets.
High net worth divorce brings with it a number of additional concerns. You may need to deal with businesses, protect your finances and properties, or even deal with assets held abroad. Child custody and maintenance matters may also be more complicated as a result of your financial position.
Our lawyers can help advise and guide you through the process, providing proactive advice at every stage. We will always strive to protect your position and minimise the financial impact of divorce for you.
How is divorce different for high net worth couples?
A major difference in high net worth divorce compared to other divorces is the process of assessing marital property, maintenance payments and child matters. We will need to provide an overview of all of the assets accrued during the marriage, as well as the lifestyle enjoyed by the family prior to divorce.
You may have multiple properties including property overseas. Personal assets of high net worth couples can have significant value including cars, boats, paintings or other artwork.
When assessing the value of any business, it is not simply balance sheet figures but the overall value of the business that must be accounted for.
Special consideration needs to be given to ensure decisions are made in the best interest of the child. For example, private education may need to be accounted for, hobbies incurring significant costs, and even holidays.
Prenuptial Agreements in Clarkston & Eaglesham
Many high net worth couples choose to enter into a prenuptial agreement before getting married. Such agreements will typically set out the division and ownership of pre-marital assets, as well as post-marital assets. If you have an agreement in place and are considering divorce, we can provide advice as to how this might affect your position and whether we can challenge or enforce the terms of the agreement.
Our solicitors understand the importance of discretion in high net worth cases. For high profile business owners, sportsmen or celebrities, a swift and straightforward resolution outside of the courtroom is likely to be a priority. We can assist with mediation and collaborative divorce to secure a suitable agreement for you.
Contact our Divorce Lawyers Clarkston, Newton Mearns, Giffnock, Netherlee, Eaglesham, Carmunnock, Stewarton & Southside Glasgow
For divorce lawyers based in the Southside of Glasgow, contact Claphams Solicitors today by phoning us on 0141 620 0800 or make an online enquiry here.
