High Net Worth Divorce Lawyer Vancouver
High-net-worth separation can involve financial issues that are significantly more complicated than a straightforward division of a family home and bank accounts.
Business interests, investments, trusts, real estate, professional corporations, executive compensation, inheritances and complex financial structures can all raise important questions during separation.
If you are looking for a high-net-worth divorce lawyer in Vancouver, Illuma Family Law can help you understand the legal issues affecting your family and develop a strategy for resolving them.
What Makes a High-Net-Worth Divorce Different?
The value of the assets is only part of the issue.
High-net-worth families may have multiple sources of income and significant assets held through different structures. Determining what constitutes family property, excluded property or family debt may require careful investigation.
There may also be questions about valuation, tracing, disclosure and the treatment of business interests.
A business interest can be an important component of family property.
The legal analysis may depend on when the interest was acquired, how it was acquired, whether exclusions apply and what happened to the value of the interest during the relationship.
Business valuation may also become important when negotiating a settlement.
How Are Businesses Treated in a Divorce?
High-net-worth families may have assets involving:
family trusts;
corporations;
investment portfolios;
multiple properties;
partnerships;
professional practices;
pensions;
stock options;
restricted shares; and
other forms of compensation or investment.
These circumstances may require detailed financial disclosure and careful legal analysis.
What About Spousal Support?
Spousal support can be an important issue in high-net-worth divorce.
The parties' respective incomes, roles during the relationship, length of the relationship and other circumstances can affect the analysis.
High income does not necessarily make support issues simpler. In some cases, establishing income itself can become a significant issue.
If you are considering divorce, contact Illuma Family Law to arrange a consultation with a Vancouver divorce lawyer.
High-net-worth family law requires careful attention to both legal and financial details.
Illuma Family Law works with clients to identify the important issues, obtain appropriate financial information and develop practical strategies for negotiation or litigation.
Why Choose Illuma Family Law?
If you are facing a high-net-worth separation or divorce in Vancouver, contact Illuma Family Law to arrange a consultation.