Corcoran Law & Mediation Centre are Experienced High Net-Worth Separation Divorce Lawyers in Calgary
There are generally 2 things that our high net-worth clients value most – privacy & preservation of wealth – as such, our priorities start there.
In cases of separation or divorce, sophisticated asset valuation is a fundamental element of property division. Accordingly, in order to maintain security while dividing family property, it is not only prudent, but essential, to engage industry-specific experts to conduct personal and corporate asset valuations; especially, given that a high net-worth couple generally maintains substantial financial holdings, typically under complex corporate structures. Corcoran Law has professional relationships with various corporate experts, retained to assist us in obtaining the best outcome for your case.
A precursor to asset valuation is full and complete financial disclosure. Again, given the structure under which certain assets may exist and the jurisdiction in they may be held, it is not uncommon for specific assets to be undisclosed, wittingly or unwittingly. Accordingly, high net-worth cases require forensic accounting in order to trace and uncover undisclosed assets. Determining the quantum of child and spousal support, for instance, demands a sophisticated analysis of financial disclosure as it relies heavily on the calculation of a payor’s income, which is likely comprised of several corporate income streams.
Although acrimony often prompts one to pursue litigation, litigation is rarely the best option – for privacy or preservation of wealth. Costs for divorce and separation litigation can be particularly onerous, and the judgment rendered is largely out of your control. Mediation, arbitration, and settlement are important and feasible alternatives, which enable you to preserve your time, money, and privacy while maintaining maximum control over the outcome.
If you are contemplating marriage or cohabitation, ensure the security of your wealth by retaining our office to negotiate a cohabitation / pre-nuptial agreement.
Corcoran Law embraces a team approach. At any given time, multiple members may be working on your file as tasks are delegated to members based on their level of complexity and the corresponding level of expertise required. This approach ensures that while no resource is spared, your file is nonetheless managed efficiently – we appreciate that high net-worth and cost-consciousness are not mutually exclusive attributes.
Cases involving couples with high net-worth portfolios pose a unique set of challenges. Submit our Client Questionnaire and retain our experienced legal team in your corner.