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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“I worked with Steven Lane and personally he is like family now. An amazing attorney I worked with him two years ago and haven’t stopped. He is emotionally invested but also emotionally removed enough to tell you what he thinks would be better. I have called him at very inconvenient hours in distress and he has been responsive and takes immediate action. Grateful for him & he also has an amazing team very polite and courteous.”- Lysette P.
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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.
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“If you find yourself reading these reviews, you are clearly going through a tough time or helping someone who is. Going through a divorce can be devastating and it's far from easy. Eric Lane represented me for a number of issues over the course of over 18 months. His experience, demeanor, and thoughtful approach significantly helped make the best of an unfortunately difficult process. My short advice here is the process is what you make of it and Eric is a fantastic support to get you through it. Eric was responsive, fair, and transparent in all aspects. He took the time to understand what I wanted, and what my concerns were. I never felt rushed and always felt like he was fully vested in having a positive outcome. His advice was thoughtful, realistic, and I always felt like we had a game plan - which prepared me for what to expect each step of the way. I'm sure he has multiple clients at any given time, but with everything on his plate, I always felt like a priority. I would highly recommend anyone considering a divorce attorney to sit with Eric and get his opinion.”- Arpan S.
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“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 recently used Eric Lane to handle a very ugly divorce I was going through. I had started with a different attorney and decided to switch to Eric and am so glad I did. He gave me the facts straight and handled me as well as my dispute excellently. I have recommended Eric to a friend already, who has also recommended another mutual friend. I would suggest to anyone who unfortunately is getting divorced to go and see him for a consultation.”- Gary R.
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“It was a pleasure working with Dan Lane and his team. They were professional and went above and beyond to ensure that my case proceeded smoothly and in a timely fashion without any judgement. This is a great starting point for anyone looking for legal counsel for a good value with exceptional results. It is clear from the get-go that Dan is a hard-working organized individual who can think quickly on his feet.”- Former Client
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“Dan's patience and understanding allowed me to put trust in someone at a time when that was most difficult for me.”- Dominic
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“Steve Lane has many years of experience in all areas of family and matrimonial law and that is why I chose him to be my attorney.”- Alice G.
