When a couple divorces, the family court will prioritise ordering a financial settlement that adequately meets each party’s needs, and the needs of any children, as part of its larger goal of achieving fairness.
A party’s needs is afforded so much weight that the court will even share non-matrimonial assets if there are insufficient matrimonial assets to cover their needs. As such, determining how much is required to meet a party’s needs can have a significant impact on a financial settlement.
If you’re a high net worth individual, you may be concerned that your spouse is over-inflating their needs in order to unfairly receive a larger financial settlement. To tackle such attempts, it is important to obtain an accurate and thorough valuation of your assets, and have the right lawyer by your side who can analyse and rebut your spouse’s claims.
With a unique team of in-house forensic accountants and well-established links with expert valuers, Vardags are adept at demonstrating the true value of shared assets and countering any excessive needs claims.
If you’re considering or going through a divorce, click below for a free initial consultation with one of our expert divorce solicitors.
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