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.
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“Great! He always communicated with me or had somebody contact me from his office. He went to court on my behalf and won! I highly recommend the Law Offices of Lane & Lane, LLC.”- Amber M.
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“Daniel got my domestic violence case dismissed. He is very knowledgeable and professional, I would recommend him for all your legal matters.”- Jose S.
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“Not only was Eric able to deliver a satisfactory result in my situation, but he legitimately exceeded expectations.”- Former Client
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“Lane & Lane did a great job representing me in my divorce. Dan Lane is the best - I highly recommend him!”- Beth Ann L.
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“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.
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“Excellent Experience. Daniel Lane was very helpful and readily available. He was able to explain everything in detail and always put us at ease. He made us feel like family and handled our case as if it was his own personal family matter. Awesome lawyer. Highly recommended.”- Kaajal R.
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“I can't thank Eric Lane enough for all of his hard work he did for me during my divorce. I had complete trust and confidence in Eric and he completely delivered. A divorce is hard enough as it is, and you want a lawyer that is going to fight for all of your rights and help you get what you are legally entitled to. Eric did all of this for me and always had my best interest at heart. He truly cared, and I can't thank him enough for all he did for me. If you are needing a lawyer for your matter, look no further than Eric and the team at Lane & Lane, LLC!”- Jonathan L.
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“I was very lucky to have Mr. Steven Lane guide me through my case, as the divorce was a very challenging life event for me. He had a great sense of humor to diffuse many stressful situations. His wisdom and calmness helped to settle the divorce case peacefully and efficiently. When negotiations got tough, he was always able to find common grounds for two parties to reach an agreement. More important to me, Mr. Steven Lane is so humble and friendly, he never appears as an arrogant lawyer in a fancy suit. On the contrary, as an Asian immigrant, I felt very much accepted and respected by him and his team. I've learned so much from him while working together on my divorce case. So I highly recommend him.”- Ching F.
