Maintaining your lifestyle after divorce
Divorce, inevitably, is a time of change. Yet, when it comes to the financial aspects of divorce, the courts try to retain stability. Because of this, and based on the precedent of White v White, the English courts will generally share everything earned during the marriage equally between both parties.
Courts will assess the full range of assets built up during the marriage, including those held through corporate entities or in trusts. The court will then consider a number of factors, from the needs of children to the standard of living enjoyed before divorce, to come to a financial settlement.
Whether you are looking to protect your assets or ensure you can maintain your standard of living, it is essential to have the best legal team on your side. As a top family law firm, Vardags can help you get the best possible result from your financial proceedings. From producing accurate valuations of your assets to countering excessive proposed needs and entitlements, our invaluable support and expertise will ensure you get the financial settlement you deserve.
We offer a free consultation to qualifying individuals. Please call our confidential enquiry line on 020 7404 9390 or email us. Lines are staffed 24 hours.
How can Vardags help?
When deciding a financial settlement, the court will consider the standard of living enjoyed by both parties while they were together. While this is taken into consideration, it is only one of many factors which are considered and the discretion of the judge will play a key role.
In high net worth cases, where the family have enjoyed a very high standard of living and there are substantial financial resources, the parties’ needs will be computed in a more generous way than in an ordinary divorce case. For high net worth and ultra high net worth individuals, having the best legal team on your side will ensure, where possible, you are able to maintain a similar standard of living.
In high value cases, it is common for parties to have an inflated view of marital assets. In order to tackle these false perceptions, an accurate and thorough valuation of all your assets is key.
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.
The best way to ensure your assets are protected is to conduct a thorough and accurate valuation. Spouses will often employ their own valuation teams, who may produce estimates that are significantly higher than the true value of joint assets. To counter these false valuations, you will need strong arguments which demonstrate the origins, liquidity and actual value of everything in the marital pot.
Our unique blend of family law experience and forensic accounting nous will help you to convey the true nature of your assets to the court, ensuring the final financial settlement is a fair reflection of your joint assets.