Osbourne Pinner, a prominent London-based law firm with offices in Piccadilly Circus and Harrow, has witnessed remarkable expansion in its High Net Worth Divorce service, solidifying its position as a leader in this field across the London region.
The firm, renowned for its exceptional legal services across various domains, has established a specialised service tailored for individuals with substantial wealth who are navigating the complexities of divorce.
Osbourne Pinner’s High Net Worth and Ultra High Net Worth divorce service have experienced substantial growth in recent years, making the firm a prominent choice for clients seeking expert legal counsel in this intricate area. The firm’s team of Family and Divorce Law Solicitors operates on a fixed fee basis, ensuring transparency and eliminating hidden costs associated with their invaluable legal expertise.
High Net Worth divorces come into play when the combined net worth of a husband and wife exceeds £1 million. These cases often entail intricate financial and legal structures, procedures, and judgments, underscoring the importance of expert legal guidance and representation.
In addition to the complexities of a standard divorce, high net worth divorces introduce legal, commercial, and financial considerations that are not typically part of a regular divorce process.
Key issues in high net worth divorces encompass aspects such as the international lifestyles of many high net worth individuals and the resulting complexity of their assets, which may include onshore and offshore trusts and structures. Addressing concerns like enforcement, taxation, and international jurisdiction requires expertise in navigating these intricate matters to ensure equitable division of offshore assets.
High net worth divorces may also involve challenges related to the non-disclosure of assets. Evaluating asset values begins early in the process, as non-disclosure of assets can be a potential issue, particularly when a significant portion of assets is held in offshore trusts that require time to access information.
Osbourne Pinner aids clients in unraveling these complex arrangements, including pursuing disclosure in overseas jurisdictions and establishing whether a spouse is concealing significant undisclosed resources.
Moreover, high net worth divorces must consider any pre- and/or postnuptial agreements in place. While pre- and postnuptial agreements are not legally binding in the UK in divorce cases, they can be influential and enforceable by a court if disputes arise. Osbourne Pinner’s expert team conducts thorough assessments of existing agreements during initial discussions with high net worth divorce clients.
In addition to financial matters, high net worth divorces may involve child custody, child support, and maintenance considerations, such as school fees. These discussions can be emotionally challenging for all parties involved, and Osbourne Pinner’s team offers expert support throughout the child arrangement order process to help clients make informed decisions.
Rashmika Mehta, Head of Family Law at Osbourne Pinner, commented: “We are delighted to see the growth of this crucial service, and it is very rewarding to see that Osbourne Pinner is now being recognised across the region for the quality of our High Net Worth divorce service.”
She added: “High Net Worth divorces have added complexity to their procedures and judgments, meaning the process can bring added pressure and complications. For this reason, a high net worth divorce requires expert legal advice, representation, and support to help you through every aspect of the divorce process, which is why we strongly advise enlisting a legal expert for this complicated area of divorce law.”
Osbourne Pinner advocates for alternative dispute resolution methods, including arbitration, mediation, and collaboration in high net worth divorce cases, aiming to achieve favorable outcomes without resorting to court litigation.
The firm’s expert team is also well-versed in No-Fault Divorce, a legal option introduced in 2022 that allows couples to end their marriages or civil partnerships without assigning blame to either party. While less common among high net worth individuals, Osbourne Pinner’s expertise can guide couples seeking an amicable separation through this process.
Additionally, the firm’s team has experience in addressing the specific nuances of same-sex high net worth divorces, Islamic divorces under Sharia law, and the associated cultural and religious considerations.
Rashmika emphasised: “With our trusted, dynamic approach, you’re assured of an optimal outcome, regardless of the level of complexity involved in your considerations, assets, and structures.”
Osbourne Pinner offers free consultations for high net worth individuals seeking divorce and expert legal support. Appointments can be scheduled through the firm’s web contact form.
For more information about Osbourne Pinner and its services, please visit their website.