High Value Family or Business Assets | Divorce Lawyers & Family Law Solicitors | Austin Kemp
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Financial Matters

High Value Family or Business Assets

Going through a divorce with business assets or a high family worth is challenging.

National Presence With 37 Offices

National Presence With 37 Offices

Legal 500
Leading Firm 2024

Legal 500
Leading Firm 2024

Going through a divorce with business assets or a high family worth is challenging. Though the Court aims to ensure that the division of assets is fair, in some situations, that is not what occurs. If you are facing a divorce with high value family or business assets, let the solicitors at Austin Kemp help you navigate the process.

How Can Austin Kemp’s Divorce Solicitors Help You?

Austin Kemp has exceptional experience in helping parties to divide assets during a divorce. There are various ways that this can be navigated to minimise the impact on the wealth of either party. Each situation is different. However, our goals will be to:

  • Evaluate the current value of the assets or business
  • Determine how the divorce could impact your business
  • How to shield the business from the divorce process if one party has no involvement in it
  • Protect the company’s other stakeholders from claims
  • Ensure a negotiation for fair settlement of the family assets or business assets is obtained

Our high-net divorce expertise

High Net Worth

We deal with many high-net-worth individuals with all levels of complicated assets. Not all family lawyers are equal and are best suited to deal with your case. At Austin Kemp, we know that protecting your assets is key. We’re here to secure your future and help keep what you deserve.

Complex Finances

Financial matters can be very complex. From pensions, multiple assets and investments, to real estate. Our in-house team of financial experts can help you navigate uncertainty and help you get your fair share.

Business Interests

Whether you are a business owner, or your spouse is. We can either protect, or help you get your fair share. Whatever stands in your way, we can help.

International Divorce

We’ve helped clients with complicated assets around the globe. From property, to multiple business interests. In our vast experience, we’ve helped work on over £1 billion worth of assets.

bob

High Net Worth

We deal with many high-net-worth individuals with all levels of complicated assets. Not all family lawyers are equal and are best suited to deal with your case. At Austin Kemp, we know that protecting your assets is key. We’re here to secure your future and help keep what you deserve.

bob

Complex Finances

Financial matters can be very complex. From pensions, multiple assets and investments, to real estate. Our in-house team of financial experts can help you navigate uncertainty and help you get your fair share.

bob

Business Interests

Whether you are a business owner, or your spouse is. We can either protect, or help you get your fair share. Whatever stands in your way, we can help.

bob

International Divorce

We’ve helped clients with complicated assets around the globe. From property, to multiple business interests. In our vast experience, we’ve helped work on over £1 billion worth of assets.

Talk to us now on 0333 311 0925

Request a Callback Live Chat

How to Protect Your High Value Family Assets

Those with a high net worth who file for divorce must recognise the challenges that often come with this process. This is critical for those who have a high value of family assets, such as £2 million plus or household income in excess of £250,000. In these situations, it is critical to have a divorce solicitor that can help you to navigate the legal process of creating a fair financial order for both parties.

In situations where your wealth is controlled by one spouse or partner, it is necessary to have a divorce solicitor available to work with you to guide you in learning about your rights in these cases.

If you are in control over your high value family assets, our team will work with you to create a plan that addresses your unique situation, protecting that value while a fair division of assets occurs.

Having a legal team with extensive experience in working with high value families like this is critical. Our elite legal team and forensic accountancy professionals have a strong track record of supporting our high net worth clients and their goals.

How to Ensure Your High Value Business Assets Remain Protected During Divorce

A business can suffer significantly during a divorce. Courts have the ability to worsen or support the long-term health of the business in the actions they take. Most of the time, the family business is considered an asset of the marriage, especially if it was founded during the marriage. Unlike other assets that may be easily sold and the value split between the couple, that is not possible to do in many businesses. Doing so could lead to the demise of the company.

Divorce does not require that the business be sold or closed, especially if it is a successful enterprise. However, the business must be valued fairly to determine how other assets may be divided to ensure an equitable split for both parties. Valuing the business is typically one of the most contentious parts of divorce proceedings.

By working with a business assets divorce solicitor, like our team at Austin Kemp, we can ensure you know your options and can align them with your needs. This will include solutions such as:

  • Purchasing the other portion of the business from the other party
  • Ensuring proper evaluation of the business
  • Accounting for business losses and expenses
  • Offset the business interest through the valuation of other assets (which creates a fair settlement)
  • Create a contract or plan for continuing to work the business as it was, especially if both parties work in the business, that protects your rights

By working with Austin Kemp, we will provide you with information and guidance on what your legal rights are and the legal strategies that may help to reduce some of your risks.

What You Need to Know About Dividing High Value Family Assets

In a traditional divorce, matrimonial assets are usually split 50/50. However, that split is not always what occurs, meaning one side can receive more than the other. Numerous factors play a role in how asset division occurs, including:

  • When the assets were obtained (during the marriage or before)
  • Who contributed to creating those assets?
  • The value of the assets and the desired outcome for each party
  • The earning capacity of each party based on their marriage or recent history
  • The standards the family enjoyed during the marriage
  • The needs of each party

The Court works with you to determine the best route forward. For example, it may elect to provide both parties with an equal split if both contributed to the building of wealth in some way. In some situations, this will result in the following:

  • Division of your assets in a way that both parties agree to
  • A lump sum payment from one spouse to the other
  • Sale or transfer of property to liquidate and then dividing those funds
  • Pension sharing
  • Spousal maintenance requirements
  • Child maintenance requirements
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How to Ensure Your High Value Assets Are Fairly Divided

If you are going through a divorce and have a high net worth, there are several steps to take to reduce risks to your estate.

  • Be honest about your assets and holdings. You do not want to be charged with hiding assets in a divorce.
  • Be open to negotiations. Allow your divorce solicitor to help you with that process.
  • Understand your rights and the property you are entitled to based on contributions to the marriage and the building of wealth.

The single most important step is to have a well-versed divorce solicitor available to help you with the high value family or business assets. Austin Kemp can do that for you.

Set Up a Consultation Now for Help

Request a consultation from Austin Kemp today to discuss your high value family or business assets at length. Create a plan that works for your needs. Contact us now to learn more about all aspects of divorce, including forensic accounting divorce services and our divorce calculator.

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Talk to us now on: 0333 311 0925
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Our Guarantee

First Class Service

Choose Austin Kemp and you'll get a premium service in all areas. We aren't the cheapest out there, but what we are is the best solution to help you get what you deserve.

Impeccable Advice

Our advice and strategy is second to none. Not all law firms are created equal. Because we're specialists, our depth of knowledge is often the edge that makes the difference.

Challenging Thinking

We work with you to get what you deserve. We don't mean that it's going to be easy – but we're here to support you every part of the journey.

Industry Leading Professionals

We have A-players at every level. We employ the best of the best, and that's why our clients choose us. Because getting the right solicitor can mean your future takes a different path.

The Right Fit

We'll make sure you have a solicitor that fits your case type. If you want a certain approach to your case – we'll make sure your solicitor has the right style for you.

Empathy

We know that getting a divorce divides your world into two. We're here to guide you through the uncertainty and emotional rollercoaster. One step at a time.

First Class Service

Choose Austin Kemp and you'll get a premium service in all areas. We aren't the cheapest out there, but what we are is the best solution to help you get what you deserve.

Impeccable Advice

Our advice and strategy is second to none. Not all law firms are created equal. Because we're specialists, our depth of knowledge is often the edge that makes the difference.

Challenging Thinking

We work with you to get what you deserve. We don't mean that it's going to be easy – but we're here to support you every part of the journey.

Industry Leading Professionals

We have A-players at every level. We employ the best of the best, and that's why our clients choose us. Because getting the right solicitor can mean your future takes a different path.

The Right Fit

We'll make sure you have a solicitor that fits your case type. If you want a certain approach to your case – we'll make sure your solicitor has the right style for you.

Empathy

We know that getting a divorce divides your world into two. We're here to guide you through the uncertainty and emotional rollercoaster. One step at a time.

Talk to us now on 0333 311 0925

Request a Callback Live Chat

A helping hand when things get tough

Austin Kemp handled my divorce efficiently and pleasantly, with a consistent contact person, making it all convenient online. Their straightforward online payment system was a necessary evil, but I'd use them again if needed.

TF

Tracey Field

Online Review

Referred by an online service, I chose Austin Kemp for divorce and financial settlement with my ex-wife. Emma's assistance was invaluable; I paid for a guidance check on the consent order before submission. Court process went smoothly, and I'm content with the outcome.

MS

Malcolm Springett

Online Review

Throughout the process, Emma guided me, addressing any issues promptly. No complaints—consent and pension sharing orders approved swiftly after submission, indicating accurate document preparation.

SD

Stuart Dunkley

Online Review

Austin Kemp's team deserves only praise. Highly knowledgeable and passionate about client support, they saved the day. Tenacious advocates, they stood by me till the end. I highly recommend them—no need to take chances with other firms!

AT

Andrea Taylor

Online Review

Alex Clarke, 'The Saviour,' actively handled my case, ensuring clear communication and understanding throughout. He promptly responded to calls and emails, investing time even before any formal agreement. His integrity convinced me he was the right choice to represent me. When it comes to issues concerning children, contact Alex Clarke—'The Saviour.'

JA

Jefferson Arnauth

Online Review

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