Month: September 2019

A Business Owner’s Guide to the Division of Assets in Divorce

The financial fallout of a divorce can be difficult for anyone to deal with, but for people with business assets to maintain, it can be a particularly contentious time. In this post, we’ll list a few effective tips for the division of assets in a divorce. A divorce is a challenging experience for multiple reasons. Not only is there the emotional trauma of a breakup to deal with, but the financial implications of a divorce can have a huge and long-term impact on your future. For business owners, this can pose a serious threat to financial stability as well as…

Divorce Advice for Ultra-High-Net-Worth Individuals

Divorces involving ultra-high-net-worth individuals (UHNWI) tend to be more complicated and lengthy due to the inclusion of significant sums of money and high-value assets. Ultra-high-net-worth individuals possess assets that amount to at least £24 million — a sum of money not to be taken for granted. Such a net worth often affords a certain lifestyle, so it can be difficult to adjust when the time comes to divide assets during a divorce. In this post, we’ll provide essential divorce advice for ultra-high-net-worth individuals. Seek the Advice of a High-Net-Worth Divorce Lawyer When it comes to the division of assets and…

What Is a Private Client Solicitor?

If you require bespoke legal advice pertaining to a vast range of matters, especially those consisting of high-worth assets, you’ll want to seek the help of a private client solicitor. Private client solicitors work with individuals and families, providing legal advice on matters such as investments, estate management, taxation and wills. Private clients are usually high-net-worth or ultra-high-net-worth individuals or landowners who possess large amounts of property and other assets. Private client solicitors also tend to deal with charities, which may be small, non-profit associations or large organisations that run like fully-fledged businesses and have substantial budgets. How Can a…

What Is Financial Disclosure?

During a divorce, there are many circumstances when those involved will be required to financially disclose their assets. Financial disclosure is a full statement of your current financial earnings and any assets, along with supporting documents, which act as proof. We look at the definition of financial disclosure, what it comprises and how important it is — along with the consequences of attempting to disguise your financial position. What Does Financial Disclosure Involve? While many divorces are resolved amicably, in other cases, a divorce settlement can be a long, drawn-out and bitter battle. When significant assets are at play, for…