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Will mediation help me through my high-net-worth divorce?
Post date: 10.11.22
High-net-worth divorce mediation When you are divorcing a partner who has substantial assets and investments, the law requires that…
High-net-worth divorce mediation
When you are divorcing a partner who has substantial assets and investments, the law requires that you obtain legal advice. This is to protect both parties from losing out in any way. However, if you decide to divorce with the help of a solicitor, this will not mean that you are unable to seek mediation as well. In fact, it can be a great option for many people who have high-value assets at stake during divorce proceedings due to its ability to produce an amicable outcome for both parties involved in the divorce process
Is high-net-worth divorce mediation right for me?
- If you and your spouse have a high net worth, it’s likely that your divorce will be handled through a high-net-worth divorce mediation.
- A high-net-worth divorce is one in which both spouses have assets worth more than £1 million and/or combined annual income of more than £250,000.
- If you have children together (married or not) then this would also indicate that high net worth mediation could be right for you.
- High net worth mediations are often complex due to the large amount of money involved and because there are often professional advisors involved who may not always agree with each other on how much assets should be split between spouses during separation or divorce proceedings. This means that there may be multiple people working on your case at once—and they might not all agree with one another!
Mediation is a more civilised way to divorce
You and your partner may have been together for years, but you’re now going through a divorce. You’re not alone! Many couples are choosing to end their marriages amicably through mediation rather than through court proceedings. Mediation can be more civilised than going to court. It’s also a more civilised way to resolve disputes and conflicts between two parties who want different things from each other.
Mediation will not be suitable if…
Mediation will not be suitable if:
- You have a spouse who refuses to negotiate or compromise.
- You have children and you want to continue your relationship with them. In this case, mediation can be a good option but it may take longer than other means of resolving matters related to child custody and visitation rights. It is important to find an experienced mediator who has experience working with divorcing parents who share parenting responsibilities or custody of their children.
- You are in a relationship with an abusive partner (physical, emotional, financial abuse) as mediation requires openness and trust between people involved in the dispute resolution process which may not be possible if one party is being threatened by another person during the entire process.*
Mediation will not be suitable if one party is being unreasonable and refusing to compromise.
Mediation is not suitable if one party is being unreasonable and refusing to compromise. Mediation is often used in high-net worth divorces, because these cases can be more complicated than standard divorces. However, the process may not be appropriate if the parties are facing a high net worth divorce and one of them refuses to compromise on key issues such as child custody or alimony payments.
Going through a high-net-worth divorce?
We understand that when your relationship is complicated by business assets, inheritances or an imbalance of earnings that potential separation can have even more difficulties. Our family lawyers are committed to helping you to come up with solutions that respect your values and needs.
We use mediation to help our clients through the processes of family law and break-up. If you are facing divorce or separation, we can offer you a safe space to negotiate access to children, financial settlements and child support, as well as property division.
We can work with you to unravel the challenges that come with business assets, agree on schooling options for your children or international divorce. Our highly experienced divorce mediators are expert in guiding individuals with significant wealth through the divorce process in a civil and constructive manner.
Our team of experienced family law specialists work alongside specialist mediators at the London Mediation Office to ensure that disputes are settled amicably without recourse to the courts.
When you have a high net worth it can be easy to overlook mediation as many solicitors will sell it as a less favourable option to going to court, however we believe individuals with a high net worth can also benefit from mediation as divorce is such an emotionally charged situation that any way to reduce the conflict and stress involved is a good idea, particularly when children are involved.
Mediation gives you a safe space to discuss and mutually decide some of the key issues of your separation such as; child custody, division of assets or liabilities and maintenance payments.
In these cases, mediation could be an option for coming to an agreement together and resolving any conflicts that may arise, having said that, if either spouse is being unreasonable, there may be no alternative than to go to court.
