Property  

Navigating international divorce for HNW clients

  • Describe what happens with divorcing HNWs and celebrities
  • Explain when the courts get involved
  • Identify the impact of the courts on the childcare arrangements
CPD
Approx.30min

Recent reports suggest that Turner and Jonas’ daughters will switch between each parent every two weeks – a considerable feat for two children under the age of four.

The practicalities of this arrangement will become more interesting when the children are of school age, as it is unlikely that it will be in the children’s best interests to be spending two weeks in one school in one jurisdiction, and then two weeks in another. 

Article continues after advert

The reality is that one of the court’s main considerations when it comes to children is stability.

The Courts of England and Wales would never seek to limit the time each parent can enjoy with their children unnecessarily, but when the children are of school age and if the parties are split across jurisdictions, there is likely to be a need for the children to have stability during school term time in one jurisdiction, and then the children split their time equally with their parents during the school holidays, between whatever jurisdictions there are in place. 

With a celebrity couple such as Tuner and Jonas however, it is likely that the split of the children’s time can be fairly equal if the parent outside of the jurisdiction purchases themselves a property in the jurisdiction of the school, so that the children can enjoy continuity of schooling and quality time with each parent. 

Ultimately, international divorce can have ramifications on all aspects of a family’s future.

What the Jonas/Turner divorce has highlighted is some of the important factors a divorcing couple need to consider.

The financial aspects of any relationship breakdown can be complicated enough without the spanner of several jurisdictions. However, it is something that is becoming more commonplace and family structures shift. 

Ashley Le-Core is a senior associate at Stowe Family Law

CPD
Approx.30min

Please answer the six multiple choice questions below in order to bank your CPD. Multiple attempts are available until all questions are correctly answered.

  1. Prenups are legally binding in England and Wales, true or false?

  2. What is the main issue with international divorces when it comes to dividing assets?

  3. The unauthorised retention of the child or their passport could lead to a claim of child abduction, true or false?

  4. When will the court get involved over the children?

  5. How do the courts view assets regarding care of the children?

  6. What happens when children reach school age?

Nearly There…

You have successfully answered all the questions correctly, well done!

You should now know…

  • Describe what happens with divorcing HNWs and celebrities
  • Explain when the courts get involved
  • Identify the impact of the courts on the childcare arrangements

I completed this CPD in

To bank your CPD please complete the form below.

Were the stated learning objectives met?

Why weren't they met?

What did you learn from undertaking this CPD exercise?

Why did you undertake this piece of learning?

Any comments about this article or FTAdviser's CPD in general?

Banked!

Congratulations, you have successfully completed and banked this piece of CPD

Already Banked!

You have already banked for this article.

To bank your CPD you must or

Register

One or more questions have been incorrectly answered,
 please review your answers and try again.

Please complete all the above text fields to bank your CPD.

More Investments CPDSee my completed CPDSee all CPD