Nicki Mitchell WWW.LAWYER-MONTHLY.COM 41 Property and investments held offshore and overseas also require specialist knowledge and often liaison with professionals in other jurisdictions. What are the challenges concerning high-value assets in matrimonial financial disputes? Having high-value assets does not necessarily mean that achieving a fair settlement is complicated. However, it is not always straightforward identifying how one can be achieved where the financial structure is more complex. Often, particularly where the couple have children, the wealth is generated primarily by one of the couple (typically but not always the husband) whilst the other has prioritised caring responsibilities. Courts are reluctant to kill the goose that lays the golden egg so selling a company is often not the outcome. Specialist advice is often required to tax efficiently extract cash from a corporate structure to meet the family’s needs and achieve fairness. Matrimonial financial disputes concerning high-value assets are often more complex and challenging. What types of assets are considered in highvalue disputes? Assets vary from case to case. In higher-value cases, gaining a full understanding of the asset base is often a challenge. Wealthy couples frequently structure their wealth in a tax-efficient way, often using complex company structures. Understanding and valuing these structures takes time, expertise, and specialist advice - for example, from forensic accountants, property valuers, etc. Trusts, also a common feature of highvalue divorces, require understanding complicated documentation and gathering evidence on how they operate and what distributions have been made to whom. www.jonesmyers.co.uk Meet Nicki Mitchell, a Partner at Jones Myers, renowned for her expertise in family law. With a focus on the financial aspects of relationship breakdowns, Nicki shares insights into high-value disputes, mediation, and childinclusive mediation. With a mission to guide couples toward fair and collaborative solutions, Nicki’s approach reflects her commitment to supporting families through challenging times. An Interview with... Empowering Couples through Family Law Contact Nicki Mitchell: Email: nicki.mitchell@jonesmyers.co.uk Tel 00 44 1904 202553
RkJQdWJsaXNoZXIy Mjk3Mzkz