What is considered a high net worth divorce?
There is not an agreed, fixed, value of assets held by an individual or couple which gives them the label of ‘High Net Worth’, but generally, they will have liquid assets (other than their home and perhaps their pensions) of over £1m.
A High Net Worth divorce will tend to involve a couple with significant wealth, made up of cash and investments, real property (i.e., land and buildings), businesses, pensions, trusts and other valuable assets such as cars, jewellery and paintings. It may be held, in whole or in part, abroad.
In High Net Worth divorces, the division of assets can be particularly complex due to the nature and high value of the assets concerned.
A High Net Worth divorce may also involve international issues, including jurisdictional disputes, and how to deal with overseas investments and trusts, including enforcement, valuation and taxation issues.
When we refer to divorce, we also include civil partnership dissolution.