{"id":1388,"date":"2018-02-10T12:04:54","date_gmt":"2018-02-10T12:04:54","guid":{"rendered":"http:\/\/www.just-family-law.com\/blog\/?p=1388"},"modified":"2020-05-12T14:10:09","modified_gmt":"2020-05-12T14:10:09","slug":"high-net-worth-divorce-settlements","status":"publish","type":"post","link":"https:\/\/www.just-family-law.com\/blog\/index.php\/2018\/02\/10\/high-net-worth-divorce-settlements\/","title":{"rendered":"High Net Worth Divorce Settlements &#8211; 6 FAQs"},"content":{"rendered":"<figure id=\"attachment_1394\" aria-describedby=\"caption-attachment-1394\" style=\"width: 906px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.just-family-law.com\/blog\/wp-content\/uploads\/2018\/02\/HighNewWorthDivorceSettlementsWP.jpg\"><img data-attachment-id=\"1394\" data-permalink=\"https:\/\/www.just-family-law.com\/blog\/index.php\/2018\/02\/10\/high-net-worth-divorce-settlements\/highnewworthdivorcesettlementswp\/\" data-orig-file=\"https:\/\/www.just-family-law.com\/blog\/wp-content\/uploads\/2018\/02\/HighNewWorthDivorceSettlementsWP.jpg\" data-orig-size=\"906,680\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"High Net Worth Divorce Settlements\" data-image-description=\"&lt;p&gt;High Net Worth Divorce Settlements&lt;\/p&gt;\n\" data-medium-file=\"https:\/\/www.just-family-law.com\/blog\/wp-content\/uploads\/2018\/02\/HighNewWorthDivorceSettlementsWP-300x225.jpg\" data-large-file=\"https:\/\/www.just-family-law.com\/blog\/wp-content\/uploads\/2018\/02\/HighNewWorthDivorceSettlementsWP.jpg\" decoding=\"async\" loading=\"lazy\" class=\"size-full wp-image-1394\" src=\"https:\/\/www.just-family-law.com\/blog\/wp-content\/uploads\/2018\/02\/HighNewWorthDivorceSettlementsWP.jpg\" alt=\"High Net Worth Divorce Settlements\" width=\"906\" height=\"680\" srcset=\"https:\/\/www.just-family-law.com\/blog\/wp-content\/uploads\/2018\/02\/HighNewWorthDivorceSettlementsWP.jpg 906w, https:\/\/www.just-family-law.com\/blog\/wp-content\/uploads\/2018\/02\/HighNewWorthDivorceSettlementsWP-300x225.jpg 300w, https:\/\/www.just-family-law.com\/blog\/wp-content\/uploads\/2018\/02\/HighNewWorthDivorceSettlementsWP-768x576.jpg 768w\" sizes=\"(max-width: 906px) 100vw, 906px\" \/><\/a><figcaption id=\"caption-attachment-1394\" class=\"wp-caption-text\">High Net Worth Divorce Settlement<\/figcaption><\/figure>\n<h4>High Income? Valuable Pension, Business, Inheritance, Investments or Property?<\/h4>\n<p>Consult a Solicitor who specialises in high net worth divorce settlements or you could lose out.\u00a0Why? Because couples involved in\u00a0valuable\u00a0divorces must\u00a0navigate complex issues. These include:<\/p>\n<ul>\n<li>identifying matrimonial and non matrimonial property<\/li>\n<li>the pros and cons of ring fencing (see my recent <em><a href=\"https:\/\/www.just-family-law.com\/blog\/index.php\/2017\/11\/07\/ring-fence-protect-assets-on-divorce\/\" target=\"_blank\">blog<\/a><\/em> on this topic)<\/li>\n<li>the burden of taxation<\/li>\n<li>obtaining appropriate valuations<\/li>\n<li>clawing back hidden assets<\/li>\n<\/ul>\n<p>A specialist Solicitor can undertake this work on your behalf. And you don&#8217;t necessarily have to incur the huge expense of going to Court. Whether by <em><a href=\"https:\/\/www.just-family-law.com\/how-we-do-it\/constructive-negotiations\" target=\"_blank\">negotiation<\/a>, <a href=\"https:\/\/www.just-family-law.com\/blog\/index.php\/2017\/11\/29\/collaborative-law-uk\/\" target=\"_blank\">collaborative law<\/a> or <a href=\"https:\/\/www.just-family-law.com\/how-we-do-it\/mediation\" target=\"_blank\">mediation<\/a><\/em>, it\u00a0may be possible to achieve a bespoke out-of-Court financial settlement.<\/p>\n<p>In this blog I look at some frequently asked questions:<\/p>\n<p style=\"padding-left: 30px;\">How Are High Net Worth Divorce Settlements Calculated?<\/p>\n<p style=\"padding-left: 30px;\">Equal Division Or \u201cNeeds\u201d In High Net Worth Divorce Settlements?<\/p>\n<p style=\"padding-left: 30px;\">When Do \u201cNeeds\u201d Override Equal Division?<\/p>\n<p style=\"padding-left: 30px;\">How Are \u201cNeeds\u201d Defined and Calculated in Stellar Contribution Divorces?<\/p>\n<p style=\"padding-left: 30px;\">Need A Guide To\u00a0Protecting Your Fortune?<\/p>\n<p style=\"padding-left: 30px;\">Where\u00a0Should You Start\u00a0Your\u00a0High Net Worth Divorce?<\/p>\n<h4>How Are High Net Worth Divorce Settlements Calculated?<\/h4>\n<p>The\u00a0starting point includes the following considerations:<\/p>\n<ul>\n<li>Resources of the couple<\/li>\n<li>Their needs<\/li>\n<li>Standard of living of the couple during the marriage<\/li>\n<li>Their respective contributions to the family<\/li>\n<\/ul>\n<h4>Equal Division Or \u201cNeeds\u201d In High Net Worth Divorce Settlements?<\/h4>\n<p>The starting point for division is equality, as laid down in landmark case\u00a0<em><a href=\"https:\/\/publications.parliament.uk\/pa\/ld199900\/ldjudgmt\/jd001026\/white-1.htm\" target=\"_blank\">White v White<\/a>.<\/em><em>\u00a0<\/em><\/p>\n<p>Mr White\u00a0said he created the family\u2019s wealth including two farms worth in excess of \u00a34m. He therefore claimed Mrs White was not entitled to an equal share. But the Court stated it would consider Mrs White\u2019s entitlement beyond her immediate needs.<\/p>\n<h4>When Do \u201cNeeds\u201d Override Equal Division?<\/h4>\n<p>Division can be unequal in high net worth divorces. This is where there has been a special, or what is called a \u201cstellar\u201d, contribution by one party who has an \u201cexceptional and individual quality\u201d. See my recent <a href=\"https:\/\/www.just-family-law.com\/blog\/index.php\/2017\/10\/31\/special-contribution-on-divorce\/\" target=\"_blank\"><em>blog<\/em><\/a> on Ryan Giggs&#8217;s divorce<\/p>\n<p>Why is this distinction made? Because\u00a0the Court says it is unjust for an immense fortune amassed by one spouse to be shared with the other. Consequently the concept of stellar contribution only applies in very special cases.<\/p>\n<h4>How Are \u201cNeeds\u201d Defined and Calculated in Stellar Contribution Divorces?<\/h4>\n<p>The term &#8220;needs&#8221; includes income and capital, present and future.\u00a0In addition it includes the provision of a home, and\u00a0sufficient income or capital for old age. In simple terms,\u00a0if\u00a0there\u2019s a lot of money around when you\u2019re married, there&#8217;s likely to be a lot of money around\u00a0after you divorce.<\/p>\n<h4>Need A Guide To\u00a0Protecting Your Fortune?<\/h4>\n<p>Because even\u00a0if your case doesn\u2019t fall into the \u201cstellar\u201d contribution category, you may have\u00a0high net worth assets to protect. Hence my recent blogs will assist you:<\/p>\n<p style=\"padding-left: 30px;\"><a href=\"https:\/\/www.just-family-law.com\/blog\/index.php\/2017\/11\/07\/ring-fence-protect-assets-on-divorce\/\" target=\"_blank\"><em>Ring Fence and Protect Assets on Divorce<\/em><\/a><\/p>\n<p style=\"padding-left: 30px;\"><a href=\"https:\/\/www.just-family-law.com\/blog\/index.php\/2017\/09\/27\/how-to-protect-your-inheritance-on-divorce\/\" target=\"_blank\"><em>How to Protect Your\u00a0Inheritance\u00a0on Divorce<\/em><\/a><\/p>\n<p style=\"padding-left: 30px;\"><a href=\"https:\/\/www.just-family-law.com\/blog\/index.php\/2017\/10\/04\/how-to-protect-your-business-on-divorce\/\" target=\"_blank\"><em>How to Protect Your Business on Divorce<\/em><\/a><\/p>\n<p style=\"padding-left: 30px; text-align: left;\">And did you know different rules apply to short marriages?<\/p>\n<p style=\"padding-left: 30px;\"><a href=\"https:\/\/www.just-family-law.com\/blog\/index.php\/2017\/08\/01\/divorce-financial-settlement-short-marriage\/\" target=\"_blank\"><em>Short Marriages &#8211; 10 Things You Need To Know<\/em><\/a><\/p>\n<h4>Where\u00a0Should You Start\u00a0Your\u00a0High Net Worth Divorce?<\/h4>\n<p>It probably depends on your point of view. There is evidence Judges in London are more likely to:<\/p>\n<ul>\n<li>consider an equal division of assets, and<\/li>\n<li>make open ended orders for the payment of maintenance.<\/li>\n<\/ul>\n<p>Contact\u00a0 Joanne Houston on 01962 217640 for\u00a0<strong>free<\/strong>\u00a0<strong>advice<\/strong>\u00a0on the special considerations relevant to high net worth divorces. In this 20 minute session we will review your matrimonial financial situation and how you can achieve your objectives.<\/p>\n<hr \/>\n<blockquote><p><a href=\"https:\/\/www.just-family-law.com\/about-us\" target=\"_blank\">JUST FAMILY LAW<\/a>\u00a0are specialist divorce and family law solicitors offering\u00a0<a href=\"https:\/\/www.just-family-law.com\/blog\/index.php\/2017\/06\/02\/pay-as-you-go-divorce-family-law-costs\/\" target=\"_blank\">personalised legal solutions<\/a>.\u00a0We offer\u00a0<a href=\"https:\/\/www.just-family-law.com\/blog\/index.php\/2017\/11\/29\/collaborative-law-uk\/\" target=\"_blank\">collaborative law<\/a>\u00a0which is especially relevant in providing\u00a0solutions tailored to your family\u2019s needs. This includes same sex couples and their families. Visit our website\u00a0<a href=\"https:\/\/www.just-family-law.com\/\" target=\"_blank\">just-family-law.com<\/a>\u00a0The topics covered in this blog post are complex and are provided for general guidance only. Therefore if any of the circumstances mentioned in this blog have application to you, seek expert legal advice.<\/p><\/blockquote>\n<p>&nbsp;<\/p>\n<p>image Garrett Tonge, his own work, on <a href=\"https:\/\/commons.m.wikimedia.org\/wiki\/File:Garrett_Tonge.jpg#mw-jump-to-license\" target=\"_blank\">Wikimedia Commons<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>High Income? Valuable Pension, Business, Inheritance, Investments or Property? Consult a Solicitor who specialises in high net worth divorce settlements or you could lose out.\u00a0Why? Because couples involved in\u00a0valuable\u00a0divorces must\u00a0navigate complex issues. These include: identifying matrimonial and non matrimonial property the pros and cons of ring fencing (see my recent blog on this topic) the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1394,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[582],"tags":[292,291,237,290],"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.just-family-law.com\/blog\/index.php\/wp-json\/wp\/v2\/posts\/1388"}],"collection":[{"href":"https:\/\/www.just-family-law.com\/blog\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.just-family-law.com\/blog\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.just-family-law.com\/blog\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.just-family-law.com\/blog\/index.php\/wp-json\/wp\/v2\/comments?post=1388"}],"version-history":[{"count":47,"href":"https:\/\/www.just-family-law.com\/blog\/index.php\/wp-json\/wp\/v2\/posts\/1388\/revisions"}],"predecessor-version":[{"id":2890,"href":"https:\/\/www.just-family-law.com\/blog\/index.php\/wp-json\/wp\/v2\/posts\/1388\/revisions\/2890"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.just-family-law.com\/blog\/index.php\/wp-json\/wp\/v2\/media\/1394"}],"wp:attachment":[{"href":"https:\/\/www.just-family-law.com\/blog\/index.php\/wp-json\/wp\/v2\/media?parent=1388"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.just-family-law.com\/blog\/index.php\/wp-json\/wp\/v2\/categories?post=1388"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.just-family-law.com\/blog\/index.php\/wp-json\/wp\/v2\/tags?post=1388"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}