Episode 39: The realities of high-net-worth divorce Artwork

Stowe talks

Stowe talks is a podcast series designed to support people going through a relationship breakdown and all the challenges this brings. When a family breaks down, it brings with it a huge range of emotional, practical and legal complications. Going through it is tough, but making some simple changes to how you approach it can help. Asking and seeking support from others is a great first step.And, this is where this podcast series can help, giving you access to expert advice from some of the best professionals around and some legal insight. In each episode, hosts Matthew Taylor and Liza Gatrell, family lawyers at Stowe Family Law, are joined by a special guest to explore the issues a relationship breakdown brings - from dealing with a toxic ex-partner, how to co-parent, the challenges of blended families, handling finances and more. Getting the right advice can help dial down the stress, calm your fears, and help you through the process and on with life from a position of renewed strength. This podcast series is brought to you by the Stowe talks team at Stowe Family Law.

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Stowe talks

Episode 39: The realities of high-net-worth divorce

July 23, 2024 • Stowe talks • Season 5 • Episode 39

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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