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High net worth/business asset divorce

High net worth divorce cases are often substantially more complex due to the combination of assets, business interests, tax liabilities and pensions that are likely to be involved. Speak to our divorce law experts on 01616 966 229.

Frequently in a high net worth divorce one or both of the parties may have assets relating to a business including shareholding. Accurate business valuation is crucial to ensure that your settlement properly reflects your entitlement. In many instances it is necessary to appoint experts to assess these financial affairs. Our specialist solicitors work with proven experts in this field and, as a multi-service law firm, we can draw from the expertise of our commercial and corporate colleagues to ensure that when we are preparing your case it is on the most informed basis possible.

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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.

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