Family law
High net worth divorce and financial disclosures
High net worth divorce can have different pressures and complications, and require specialist services. Here we explore what high net worth divorce is, and the support and legal knowledge we provide.
Divorce for older couples has its own rules, pressures, and complications. When people divorce later in life, they’ve usually built up numerous assets, and it’s likely finances, properties and lifestyle expectations and property become intertwined. This means the process can be more complex and require specialist legal knowledge, which is where Slater & Gordon can help.
What is a high net worth divorce?
A high net worth divorce is when a couple with substantial assets decide to separate. This includes large or complex assets, including:
- Multiple properties (sometimes in other countries)
- Businesses
- Investments
- Trusts or inherited wealth
- High value pensions
- Luxury assets (art, jewellery etc.)
With assets like these, they do require specialist knowledge, which could include forensic accounting, business valuers and tax specialists. An overview an assessment of all wealth is required.
What are the areas of concern for high net worth divorce?
There are a few main areas of concern for couples when navigating this. At this stage of life, the main aspects include:
- Fear about financial security – wife or husband refusing financial disclosure
- Identity shifts after a long marriage
- Anxiety around retirement, one spouse may have higher earning capacity
- One or both parties may want to stay in the family home
- Need stability close to children or grandchildren
- Healthcare needs and/or health related housing needs
How can Slater & Gordon help?
At Slater & Gordon, we have a number of specialist lawyers with decades of experience who can help support through a high net worth divorce. With us, you will get a collaborative approach, where a team will work hard to find a resolution for your case, meaning you don’t get ‘one lawyer’, you get the combined experience of our many experts.
Many couples with high net assets prefer privacy, speed and reduced conflict. We offer family mediation, which you can find out more about here For more general information on our family law and divorce options, please visit here.
