Navigating Complex Financial Divisions in High-Net-Worth Divorce

The case involved a high-net-worth couple going through a divorce. The couple’s children were already independent, so child arrangements were not part of the dispute. However, the financial arrangements were highly contentious. The husband sought to prevent his wife from receiving half of his significant assets, including multiple properties abroad and an estate valued at £4.2 million. 

Primary Legal Issue Addressed 

The key issue in this case was determining a fair division of assets between the husband and wife, particularly concerning the husband’s attempt to argue that the wife was not entitled to a share of the business assets. The husband argued that the wife’s primary role in the marriage was as a mother, and that she was not entitled to any part of the business-related assets. 

Legal Approach and Strategy 

RLK’s approach was to advocate for the wife’s fair entitlement to the assets, arguing that she had contributed to the family in both domestic and business capacities. The wife worked alongside the husband in his business and supported him throughout their marriage. Therefore, her role was more than just that of a mother—she was an integral part of the business, and she deserved a fair share of the wealth accumulated over the course of their marriage. 

Key arguments included: 

• The wife’s contributions to the business and her role in managing the home. 
• The need for a fair division of assets to ensure both parties’ financial security after the divorce. 

We also drew on previous legal precedents where contributions to a family business were recognised as a valid reason for entitlement to a share of the assets, even if the spouse was not directly involved in the business on paper. 

Outcome and Impact 

At the time of writing, the case was ongoing. However, we were optimistic that the wife would receive a fair share of the assets, in line with her contributions to both the family and the business. 

Client Benefits and Key Takeaways 

• Fair Division of Assets: Ensuring that both parties receive an equitable distribution of marital wealth, considering both financial and non-financial contributions. 
• Legal Precedent: Highlighting the importance of recognising the contributions of spouses in family-run businesses and ensuring they are not overlooked. 

Need legal assistance? 

If you’re going through a divorce and need help with financial arrangements, we’re here to help. Contact us at 0121 450 7800 or contact us and a member of our team will be in touch.