Overseas assets
Frequently, couples deciding to separate will have acquired assets outside the legal jurisdiction of England and Wales. If they have, those assets will be relevant during the process of sorting out financial arrangements on divorce and dissolution. Overseas property and pensions are common examples. Either party may hold international bank accounts in different currencies. All these assets potentially form part of the ‘ pot’ of to be divided. It is important to compile accurate information on all the assets, both domestic and international, before deciding how those assets should be allocated.
How can we help?
If you or your spouse/partner own or co-own international assets, we can assist in getting those valued where appropriate and advise on how these assets should be dealt with as part of the financial order on divorce or dissolution. You may need to take urgent legal action if you are worried about overseas funds being dissipated and we can help with this. We may need to work with international valuation experts or lawyers to assist in these applications, and it is important to consider the costs carefully if taking these steps.
Our Family Law team can advise on matters involving international assets so please get in touch if you would like to find out more.
