Facing the end of a relationship with someone can be highly challenging.
At Monan Gozzett, we understand the emotional drain this can have on individuals and their wider families.
The process of a divorce can be particularly stressful if you or your partner has significant wealth.
Our highly experienced solicitors are specialists in High Net Worth divorce cases. They will work with you throughout the process to secure the best possible outcome and alleviate your difficulties.
Our High Net Worth Divorce Services
Many potentially complex issues need to be addressed with high net-worth divorces.
There could be substantial finances, properties and assets to consider, as well as children, custody and maintenance.
For example, deciding where the children should go to school and ensuring appropriate financial provisions for school fees and other expenses is often a high priority.
Our experienced high-net-worth divorce solicitors will help advise on a number of issues, including:
- Personal assets
- Inherited wealth
- On and offshore assets
- Business assets
- Spousal and child maintenance
High Net Worth Divorce Dispute Resolution Options
Opting for non-confrontational dispute resolution methods can offer notable advantages in terms of time, finances, and emotional well-being.
These approaches facilitate a smoother process for all parties involved and foster the possibility of maintaining a more amicable relationship with your former partner, which is especially crucial in high-net-worth divorces.
This approach proves particularly valuable if you share children, as contentious divorce proceedings can significantly impact their well-being. Additionally, in scenarios where lingering conflicts or animosity between parents exist, utilising non-confrontational methods becomes even more essential.
Mediation in High Net Worth Divorce Cases
Presently, mediation stands as the prevailing method for navigating divorce proceedings. This strategy entails a series of deliberate discussions between you and your spouse, orchestrated by a trained and impartial third-party known as a mediator.
The primary objective of these sessions is to address areas of disagreement and collaboratively devise voluntary solutions to resolve pertinent issues.
Before legal action, engaging in mediation is usually a prerequisite.
Attending a Mediation Information and Assessment Meeting (MIAM) is mandatory to familiarise yourself with mediation's principles and assess its compatibility with your divorce situation.
Mediation boasts a reputation for being an expedient and cost-effective route to resolving the pragmatic facets of divorce. However, it might not be the most suitable choice in cases involving intricate concerns, as access to immediate legal counsel during the sessions is restricted.
Why Choose A High Net Worth Divorce Solicitor From Monan Gozzett?
A divorce has a substantial emotional and financial impact. However, for high-net-worth individuals, it can also raise complex legal and commercial issues.
At Monan Gozzett, we can support you through every aspect of the divorce process.
From the initial divorce application to dealing with the complexities that often arise with high-value financial settlements, we will help make your high-net-worth divorce run as smoothly as possible.
Contact Our High Net Worth Divorce Solicitors
If you want more information about high-net-worth divorce services or solicitors, contact Monan Gozzett today.
You can also find out more about our office locations on our contact page.
Frequently Asked Questions About High Net Worth Divorces
How can I protect myself from future financial claims?
Primarily, it is vital that you are honest about your financial circumstances throughout the divorce proceedings.
If new information comes to light that you have not previously disclosed, your former spouse may be able to make a new claim against you. It might be possible to protect yourself from future claims by obtaining a 'Clean Break Order'. This is something our high-net divorce solicitors can advise on.
Whether you are married or about to get married, it is possible to protect your financial assets by drawing up a pre-or post-nuptial agreement with your partner.
What about my business?
In divorce settlements, a business is considered to be an asset. However, where possible, the law prefers a business to be unaffected to help protect its value and other people involved, such as employees. Therefore if you own the business - or primarily run it - you will likely retain it following the divorce. As a result, though, your former partner may be awarded more of the other available assets to ensure the settlement is fair.
What can I do if I think my partner is hiding assets?
As mentioned above, we would urge both parties in a divorce to be transparent about their financial circumstances from the outset. If there are doubts, you are legally entitled to review your spouse' bank and credit card accounts over the past 12 months.
If you believe your partner needs to be more honest about their finances, we can help you obtain the correct information and review it. If our team determine that your partner needs to be more open, we will advise you of the options available.