The decision of divorce is not easy for anyone, especially when your money or property is involved. We understand every rule and law related to divorce and have experienced a lot of cases. Moreover, we know that this kind of divorce is not just about ending a marriage because it is also about your money, future, and privacy, as your whole financial assets depend on it. This is where experts like CityLaw are needed to handle the complex processes for you with an accurate approach.
What does High Net Worth Divorce Mean?
In Canada, a divorce is called “high net worth” when the couple shares assets worth $1 million or more. This can all the financial assets and valuable items. It also includes all the assets in other countries.
Common Issues in High Net Worth Divorces in Canada
The process of divorce can be difficult when financial assets are involved. Here are the main issues that you may face in high net worth divorces in Canada:
Property Division
- Complex asset structures (businesses, trusts, foreign holdings)
- Disputes over property/business valuation
- Hidden or undisclosed assets
- Division of luxury items and investment portfolios
Spousal Support
- Large support claims due to high income
- Disagreements over lifestyle maintenance
- Tax implications of support payments
- Duration of support obligations
Child Support
- Private school, extracurriculars, and nanny expenses
- Custody/access disputes tied to financial outcomes
- Travel and housing costs for children
Business Interests
- Valuing and dividing ownership stakes
- Income manipulation or underreporting
- Impact on business operations and control
- Need for forensic accounting
Privacy and Reputation
- Risk of media coverage and public scrutiny
- Keeping court files private
- Protection of business and personal reputation
International and Cross-Border Issues
- Foreign real estate, bank accounts, or investments
How long does a high net worth divorce usually take?
This type of divorce normally takes at least 12 months, but it can take more time as well. It basically depends on how complex the assets are and how much the couple agrees on things. If they work together, it can be faster. But if there are disagreements or the case goes to court, it can take much longer.
Our Services Include:
Asset Identification and Protection
We help you find, review, and protect both shared and personal assets. This includes tracking complicated investments and sorting out jointly owned property or shares.
Business Valuation and Division
If you or your spouse owns a business, we ensure accurate valuation and a fair division, without harming the business itself.
Tax and Financial Advisory
Our team explains how taxes might affect the asset division, spousal support, as well as settlements, so that you remain updated and in control.
Child Custody and Support
We protect your parental rights and make sure your child gets the support they need, based on how your family lived before the separation.
Reputation and Privacy Management
We handle everything with great care to make sure that your data and information always remain safe and private.
Take Action
The process the right legal and financial help, you can protect your assets, stay informed, and move forward with confidence. If you are going through a divorce involving significant wealth, we are here to guide you every step accurately. Contact CityLaw now to get the right information.
