BC ultra high net worth divorce cases demand precise and discrete legal advice to ensure wealth and asset protection is maximized. Lorne MacLean, QC heads our BC ultra high net worth divorce department. The number of BC ultra high net worth individuals is increasing at a rate faster than in the United States. As an example of our wealth and asset protection skill set we quote from a recent multi-millionaire client of Lorne MacLean, QC:
Lorne has done an outstanding job with his work on my case which was extremely complex. He is accurate and quick, always up to date, his tenacity makes me wish never to have him as an opponent, and at the same time extremely fair looking at both sides of the picture. At the same time he has a great sense of humor. When things have to happen quickly AND well this is your man! He even hand delivered documents in person to my home on several occasions! No doubt top in his field and I would recommend him and his team to anyone.
Lorne MacLean QC ultra high net worth divorce lawyer
Ultra high-net-worth individuals (UHNWI) are defined as having a net worth of at least US$30 million (after accounting for shares in public and private companies, residential and passion investments such as art, planes and real estate).
Special rules apply to these individuals depending on when they acquired their assets, how they acquired them and how these assets are owned by them. BC ultra high net worth divorce cases include the following issues
1. For child support: the $150,000 income threshold rules may come into play which allow for a departure from a strict application of the guidelines.
2. For spousal support: the $350,000 cap rule may come into play which allow for a departure from a strict application of the guidelines.
3. For property: in valuation and division disputes the proper starting values and ending values need to be properly calculated as well as the gains in value of each asset.
4. How the property is registered is critical. Placing wealth in joint names, or in the other spouse’s name for creditor protection or estate planning, can be a fatal error.
5. Ensuring you have a comprehensive estate plan is in place, coupled with an executed and ironclad prenuptial agreement is crucial.
6. Tax planning in disputed relationship breakdown case and the associated corporate and trust issues really require a seasoned lawyer who deals with these complex issues on a daily basis.
7. Retaining anyone other than a savvy high net worth divorce lawyer like Lorne MacLean QC to protect you in a relationship breakup is a prescription for disaster.
If you are involved in a BC ultra high net worth divorce you need someone to skillfully protect your interests and Lorne MacLean, QC will do just that. Pick up the phone today and call our new downtown office at Suite 2900 -1021 West Hastings in Vancouver, BC at 604-602-9000.
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