High Net Worth Divorce

At Austin Kemp today, our divorce solicitors are experts and specialists in all aspects of high net-worth divorce lawsuits and the transfer of property. We will make sure you have all you need to proceed confidently with your new life and eventually settle comfortably in your new home. We are conversant with very large, complex, and international family legal situations.

Our divorce calculator and our helpful videos will provide you with valuable insight as to how things might unfold. We manage our solicitors’ caseloads carefully so they never have to “snatch time” on your files, meaning that your case will always move along nicely. You will always have real-time information about how your case is unfolding—we are in constant touch with our clients.

A common question we are often asked as divorce specialists is, “what am I entitled to if I divorce my spouse?” Unfortunately, there is no easy answer to this question because there are no guaranteed entitlements for either party under UK law. Because each marriage is unique, circumstances need to be assessed on a case-by-case basis.

But for the best outcome when considering what to expect in a high-net-worth divorce, it is vital to know your rights and options.

The aim of the courts in England and Wales is to share the assets as fairly as possible. This sharing is usually dependent on the individual needs of both parties to the divorce. It is also necessary to understand the different types of assets to be shared. Assets can be categorised as matrimonial or non-matrimonial.

Non-matrimonial assets are the financial assets acquired before or after marriage.
Any of the assets mentioned above could be non-matrimonial assets, when they were bought or acquired before or after marriage. Though non-matrimonial assets are usually treated differently from matrimonial assets, this does not always mean that they can’t be part of a divorce settlement. For example, if pre-marriage inheritance was used to purchase an asset while married such an asset qualifies as a matrimonial asset.

Those involved in divorce cases are often told to obtain a financial order from a court. A financial order is a type of Court Order that details about how the parties finances will be dealt with after divorce. Once obtained from court, the provisions of a financial order are binding.
A financial order can be of different types. The best one/ones for each particular high net-worth divorce case will depend on the circumstances surrounding the marriage about to end.
One of the most popular kinds of financial order is a Consent Order. This type of financial order provides detailed information about the arrangements on which you and your ex-spouse have agreed. It confirms how both parties should divide their assets, including any pensions and, if necessary, debt obligations.
You can ask the expert solicitors at Austin Kemp to obtain a Consent Order on your behalf once you and your spouse have reached an agreement about how your finances will be split. Maintenance Orders and Pension Sharing Orders are some other types of financial orders.