High Net Worth Divorce
Divorce is a complex legal matter, and high net worth divorce is particularly complicated. LS understands that high net worth couples who are divorcing have complicated financial affairs to protect and that they value discretion and privacy. The LS firm has extensive experience with high net-worth divorce cases that involve long-term marriages and complex asset and valuation issues.
High net-worth families value privacy and control and there are considerable benefits afforded to couples who choose to keep their high net worth divorce out of court and choose collaborative divorce or divorce mediation instead:
High-net-worth divorces can be complicated, and the best results come from a team approach. Collaborative divorce, as well as mediation, will involve specialized professionals such as divorce coaches, family specialists and financial specialists to form a team around the couple. The team members will work closely with each other as well as with the couples’ existing advisors, such as the wealth advisors, trust and estates attorneys, accountants and others. The goal is to assist the couple to make the best decisions possible around the complicated financial and emotional issues surrounding complex divorces.
Flexibility and Privacy
Keeping your divorce “under the radar” and out of court means that you will have more opportunities to come up with creative solutions that suit your unique circumstances. These are often solutions that a judge could never provide because of limitations imposed upon them by the law. Additionally, negotiations are private so that information about your family and your wealth will never be disclosed in an open courtroom.
Control Your Destiny
People with high net worth are used to having autonomy and are accustomed to calling the shots in their life. If you don’t like people making decisions for you, why would you give up control to a judge who knows nothing about you and may not be able to relate to your situation? This is one of the main reasons why we recommend that court should be the last resort for your divorce.
The divorce process is a stressful time for all families. High net worth divorce has added complications, risks and stress due to the need to divide complex financial assets and the costs needed to maintain the lifestyle to which the family has become accustomed. There are serious long-term consequences in high net worth divorce cases. The divorce attorney or mediator you choose can make the difference in the outcome of your divorce and the life that you and your children have in the future.
At LS, we have the extensive experience and knowledge necessary to offer you personalized and discreet representation. Contact Us to schedule a consultation to discuss your unique situation and needs.