Somerset County High-Asset Divorce Lawyers
Top-Quality Legal Representation for Clients in Morris, Union, Middlesex & Essex Counties
High-asset divorce can prove more difficult than a traditional divorce due to the amount of assets involved. While both types of divorce cover the same issues, the stakes in a high-asset divorce are much higher, especially when it comes time to divide property and valuable assets. As a result, high-asset divorce cases can quickly turn contentious.
What Is a High-Asset Divorce?
High-asset divorces typically involve over $1 million in liquid assets.
These assets may include, but are not limited to, the following:
- High-value property
- Business shares
- Retirement accounts (401(k)s and traditional or Roth IRAs)
- Investment accounts, stocks, bonds, mutual funds, and cash
- Patents, copyrights, and trademarks
- Marital home
- Vehicles
- Art collections, antiques, artwork, furniture, and other valuables
- Stock
- Restricted stock
- Stock options
- Nontraditional forms of compensation
Special Considerations for a High-Asset Divorce
There are special considerations that affect the way a high-asset case should be approached. It is important to ensure that you consult with a reputable lawyer who is experienced in this type of divorce.
Some considerations that will be brought up include, but are not limited to the following:
Complex asset division needs
One of the most significant legal issues that couples deal with in a high-asset divorce is the division of marital property. As New Jersey is an equitable distribution state, assets and property will be divided in a manner the court deems just and fair.
Tax consequences
When transferring or dividing property or substantial financial assets, there are significant tax implications involved. As such, it is beneficial to take this into consideration when negotiating a divorce agreement.
If you and your spouse entered into a prenuptial or postnuptial agreement, you will need to adhere to it while forming your divorce agreement. The divorce process will get more complicated if one spouse attempts to challenge the validity of the agreement. In the event this happens, you will need to consult with your lawyer to prove the legality of your prenuptial or postnuptial agreement in court.
Hidden assets
It is possible that one spouse is more likely to hide certain assets in a high-asset divorce to keep them as separate property. If this happens, the other spouse will need to investigate and potentially hire a forensic accountant for further assistance. If you suspect your spouse has offshore accounts, is transferring money to a third party, or deferring compensation, seek legal assistance immediately.
-
“I can't say enough positive things about this firm. I dealt primarily with Eric Lane and he was nothing short of a "consummate professional". He was there for me at every turn in my case, ready to provide whatever support was needed by me. Not only was he able to deliver a satisfactory result in my situation, but he legitimately exceeded expectations. I don't hope to have to require legal representation again anytime soon, but if I do there is no doubt that I will be turning to Eric and company at Lane & Lane.”- Christian P.
-
“Lane & Lane did a great job representing me in my divorce. Dan Lane is the best - I highly recommend him!”- Beth Ann L.
-
“Eric Lane and his team were very professional and helpful. During our first conversation, he took the time to help me get to know the firm and confirm that they could help me. I went in having no idea what to do and he handled all of my concerns. He made sure that I got everything I needed or was entitled to and that I understood everything that was happening. He was very effective in getting my case settled and supported me every step of the way. I highly recommend Lane & Lane for their excellent service.”- April M.
-
“Daniel Lane helped me execute my divorce after an independent mediation. He was very professional, easy to deal with and sensitive to the procedure. That was the most unexpected and pleasantly surprising part of our relationship during the process. During his consultations, he dealt with me as a person first and foremost, not just a client on a retainer. I highly recommend him and his practice.”- Joe P.
-
“Eric was recommended to me in 2013 when I was going through a very difficult divorce and custody fight. He’s been with me every step of the way. It’s been a long journey and he’s been supportive and has continued to fight for me. He’s made a very difficult process a bit less stressful and easier. Always willing to talk to me about my concerns. I can’t say enough about him. He’s been amazing. I definitely would recommend this law office to anyone who is dealing with the stress of divorce.”- Jessica C.
-
“Dan Lane is very professional and cares about his clients. Dan and his team work diligently to get things done.”- Jessica W.
-
“Lane and Lane LLC is highly professional and stands out from the rest! Not only are they reliable, so your mind is at ease that they will get the job done, but they are personable and have their client's best interest at heart. Lane & Lane truly has their client's backs, and we are so grateful to them.”- Antonella B.
-
“Eric is very thorough and he makes sure that your needs are heard and met. I highly recommend Eric Lane for your legal needs.”- Chandra
