High Net Worth Divorce Solicitors
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Navigating the complexities of divorce can be challenging for any couple, but when significant wealth and assets are involved, the process becomes even more intricate. High net worth divorces involving individuals with substantial financial resources present unique legal, financial, and emotional considerations that require careful attention and expertise.
In these cases, the dissolution of a marriage can have far-reaching implications, impacting not only the couple involved but also their families, businesses, and investments. Expert Family Law have a panel of family law solicitors with the experience and expertise required to assist you throughout the divorce process, from applying for a divorce, right through to finalising the divorce and dealing with any financial issues.
High net worth divorce matters
High net worth divorce matters encompass a wide range of legal, financial, and personal considerations that arise when individuals with substantial wealth and assets decide to end their marriage. These matters typically require specialised attention due to the complex nature of the financial landscape involved. Here are some key high net worth divorce matters:
- Asset valuation and division
- Business assets
- Complex financial structures
- Tax implication
- Spousal and child support
- International considerations
- Privacy and confidentiality
- Negotiation and litigation
- Matrimonial property assets
- Discretionary trust
It is important to note that high net worth divorce matters can be highly individualised and vary based on the specific circumstances of each case. Seeking guidance from experienced solicitors specialising in high net worth divorces is crucial in order to protect your best interests in these matters.
High net worth divorce matters
High net worth solicitors specialise in providing legal representation and guidance to high net worth individuals involved in divorces or other legal matters concerning significant financial assets. These solicitors possess expertise in dealing with complex financial structures, intricate property division, valuation of matrimonial assets, and the protection of substantial wealth during divorce proceedings. Here are some specific roles and responsibilities that high net worth solicitors undertake:
- Provide you with the right advice
- Assist you with paperwork, forms and applications
- Assist in avoiding court
- Ensure your best interests are considered
- Help you come to an amicable conclusion
- Assist in finding undisclosed or hidden assets and information
Throughout the process of divorce, you will need someone experienced in this field of law to fight for your best interests. Having the right team on your side can make the divorce process as stress free as possible during this difficult time.
Our panel of friendly and professional high net worth divorce lawyers have the expertise and experience to deal with high net worth cases. They will guide you through the divorce process, helping you to make the difficult decisions in an understanding, non-judgmental manner.
Each solicitor we work with is authorised and regulated by the Solicitors Regulation Authority (SRA).
Our panel of divorce solicitors and experienced family law firms will help you to navigate a range of issues and disputes, such as financial matters and will assist you in reaching an agreement on such issues.
Whether you are going through a divorce or dissolution of a civil partnership, our panel of family law solicitors will provide expert legal advice and assistance, guiding you through every step of the process.
Methods of solving high net worth disputes
High net worth divorce disputes can be resolved through various methods, depending on the specific circumstances and preferences of the parties involved. Here are some common methods used to solve high net worth divorce disputes:
- Negotiation: Negotiation is often the preferred method for resolving high net worth divorce disputes. The parties, along with their solicitors, engage in discussions to reach mutually acceptable agreements on issues such as property division, spousal support, child custody, and other matters.
- Mediation: Mediation involves a neutral third party, the mediator, who facilitates discussions between the divorcing spouses. The mediator helps the parties explore their interests, identify common ground, and work toward mutually acceptable resolutions. It should be noted that mediation agreements are not legally binding unless a court order is pursued.
- Arbitration: Arbitration is a more formal alternative to litigation. In arbitration, a neutral third party, the arbitrator, acts as a decision-maker who hears arguments and evidence from both sides and renders a binding decision.
- Litigation: In some high net worth divorce cases, disputes may need to be resolved through litigation, where the court makes the final decisions on the contested issues. Litigation involves presenting arguments, evidence, and legal positions to a judge, who will then determine the outcome.
What is the process for obtaining a divorce?
The first step in initiating divorce proceedings is to issue your dissolution or divorce petition at Court alongside your original marriage certificate and Court fee. The person who initiates the proceedings is known as the petitioner.
This petition will be served by the Court upon your spouse, known as the respondent who will be required to return an acknowledgement of service to the Court.
The petitioner should then apply for a decree nisi or conditional order, which is the first stage of the divorce. This will involve filling in an application and writing a standard statement to support the application.
The Family Court will review the application and will grant a certificate of a decree nisi if it is satisfied that the required criteria are met. A date for pronouncement will be set by the Court at this stage.
The decree nisi will be pronounced in open court, and a copy of the same will be sent to both parties. From this point onward, the court has the discretion to make financial orders if asked.
A decree absolute is a final order which can be applied for by the petitioner six weeks and one day after the decree nisi. If this is not done by the petitioner, the respondent can apply three months later.
When the decree absolute is made, it will be sent to both parties and the civil partnership or marriage is legally recognised as being terminated.
Financial links between the parties will not be severed at this point. Financial issues should be addressed in a separate Court Order and may be done using alternative dispute resolution, the Courts, or via a consent Order.
How much do high net worth divorce solicitors cost?
When applying for a divorce, there will be a £593 fee in addition to your solicitor fees and any additional costs of the divorce.
We have a number of fixed fee divorce solicitors on our panel, and fees will be provided by your solicitor from the outset of your case.
Unless your case involves domestic abuse, child abduction, or if a party is at risk of homelessness, you will not be eligible for Legal Aid in England and Wales. However, Legal Aid may be available for mediation in some circumstances.
How can Expert Family Law's panel of high net worth divorce solicitors help?
We ensure that the high net worth divorce solicitors on our panel have the skills and experience required to assist on your legal case. We can assure you that your case will be dealt with in an understanding manner to achieve the best financial position.
The solicitors on our panel can assist you through the process of high net worth divorce, including the application, as well as assisting you with child arrangements, financial settlements and ancillary relief following the termination of your marriage.
Get in touch today using the form at the top of the page to find out if a divorce solicitor from our panel could help on your case.
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