High Net Worth Divorce Basics

 Posted on July 21, 2015 in Division of Assets

Divorce is difficult for couples at any point in life, but when considerable wealth is involved, the process becomes much more complicated. If substantial assets need to be divided, each party wants to guarantee his or her fair share. This is true whether one spouse holds most of the assets or if both spouses worked hard to accumulate this wealth over time. High net worth divorce cases can also be more complicated due to the tax implications resulting from a potential settlement.

High-Asset Divorce Criteria

The main standard for determining “high-asset divorce” is that the couple or client have over $5 million in assets. However, this is not the only determining factor. A divorce is also considered high-asset if one or both parties additionally own a business, are listed as an heir to an inheritance, or purchased (and still own) significant amounts of property before the marriage.