Episode 39: The realities of high-net-worth divorce
Manage episode 430436619 series 3359264
High-net-worth divorce brings its own unique challenges, especially around understanding, valuing and dividing complex earning structures, assets and pensions, often with international elements.
In this episode, Ceri Griffiths a chartered financial planner specialising in supporting women divorcing high earners shares her advice on how to navigate the unique issues that high-net-worth divorce can bring.
01:43 What is a high net worth divorce?
03:40 Common power imbalances in high-net-worth marriages
05:00 The lack of knowledge and understanding around finances
05:40 The prevalence of narcissism in CEOs and challenges
08:55 What is the sharing principle in divorce?
10:00 The legal bit on needs v sharing in divorce
14:04 The importance of due diligence
15:30 Understanding complex earning structures
21:19 Challenges of Private Equity and Hedge Managers remuneration
23:48 The division of assets and Wells sharing
27:14 Understanding what you need for the future and life post-divorce
28:50 What is cashflow forecasting, and how does it help?
31:18 Looking beyond the 50/50 percentages
32:10 Specific challenges of high-net-worth divorce
33:14 Breaking the gold digger myth
34:00 Getting a final outcome you can live with
36:35 Ceri’s top tips for people going through a high-net-worth divorce
Additional resources
Taking control of your finances on separation: https://youtu.be/CIp6n4pgd9k
Understanding pensions on divorce: https://bit.ly/41ryik4
Divorcing or separating from a narcissist: https://youtu.be/rCCfyHHKCfk
Recognising and dealing with economic abuse: https://spoti.fi/3VndusS
How to prepare for your financial settlement: https://shorturl.at/bnpQT
If you need support with the issues raised in this podcast, or would like to speak to a family lawyer, contact Stowe at: https://bit.ly/35WPSj2
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