A high-net-worth divorce can be a very delicate matter, which is why it is so important to seek legal representation from a specialist family law solicitor.
At Garratts, we have a team of solicitors who are experienced in dealing with high-net-worth divorce settlements. We will work closely with you to understand your unique circumstances and financial situation to provide you with the best possible advice. Contact us today to find out more.
Who do high-net-worth solicitors represent?
High net worth solicitors represent individuals with a high net of personal assets and wealth. This may include property, investments, savings and income from employment. If you are going through a divorce or dealing with another complex family law matter, it is important to seek legal advice from a specialist solicitor who can protect your interests.
What issues do high-net-worth solicitors commonly advise on?
High net worth solicitors commonly advise on a range of family law matters, including;
What is a high-net-worth divorce settlement?
A high-net-worth divorce settlement is one in which the couple has many assets and wealth to divide between them. This may include property, savings, investments and pension funds.
Often, high-net-worth individuals will seek the help of a specialist solicitor to ensure that their interests are protected during the divorce process.
How do high-net-worth divorces differ from regular divorces?
High net worth divorces often involve more complex financial matters than regular divorces. This is because there is typically more wealth and assets to be divided between the couple.
What are common issues in high-net-worth divorces?
Some common problems that arise in high-net-worth divorces include;
1. Property division
When a couple decides to enter a divorce, one of the most complex and important tasks they must undertake is property division. This is especially true for high-net-worth couples, who may have multiple properties and investments.
2. Child arrangements
Child arrangements can be a contentious issue in any divorce, but it is often even more complicated in high-net-worth divorces. This is because there may be more at stake financially, and there may be concerns about the safety and well-being of the children.
3. Pension division
Another complex issue in high-net-worth divorces is the division of any pensions. This is because pensions can be a significant asset, and there are several ways to divide them, i.e. a divorcing couple may decide to split the spouse's pension with the higher net worth.
Trusts can also be an important issue because trusts are often used to protect assets, and multiple trusts may be involved in a high-net-worth divorce.
What are the benefits of using a high-net-worth solicitor?
There are many benefits of using a high-net-worth solicitor, including;
1. Experience and expertise
High net worth solicitors have experience and knowledge in dealing with complex financial matters. This means they can advise you on the best ways to protect your interests and reach a fair settlement.
2. Negotiation skills
In helping couples reach an amicable agreement without going to court, it is crucial to rely on a legal expert with excellent negotiation skills.
3. Knowledge of the law
In cases involving wealth, detailed knowledge of the law is essential
Specialist high-net-worth solicitors can offer their clients discretion and confidentiality. This is important for individuals who wish to keep their divorce settlement private.