Divorce tax implications
There are likely to be a number of tax implications associated with the assets which may arise when assessing your properties, employee contracts and benefits and other assets with financial value, which again require specialist knowledge.
If a pension portfolio exists it is necessary to look at whether the split is fair and consider taking independent advice on future investment.
There may also need to be negotiations regarding whether ‘maintenance’ payments need to be made to either yourself or your spouse over the coming years and whether risk exposure exists for either party.
Getting these aspects right is critical, in order to ensure your assets and interests are protected. High net worth divorces can be long and complex and you need to ensure you work with a solicitor with a proven track record in this field with access to the appropriate experts. We have specific experts in this field who have dealt with a many high net worth divorces successfully.