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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“Professional and outstanding attorneys. Eric Lane provided exceptional service handling all my personal legal issues.”- Walter R.
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“Dan & his staff are professional, courteous & knowledgeable. Dan returned my phone calls & emails in a timely manner & made me feel like I was his most important client. He went above & beyond for me. I highly recommend Lane & Lane.”- Jim J.
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“I would highly recommend Dan for any case related to Family Law.”- Former Client
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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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“Dan and his staff did a great job handling my divorce. Due to COVID, my previous attorney bailed on me and Dan was able to take over my case and bring it to closure. He was very professional and supportive throughout the entire process. Dan always responds promptly and I highly recommend him and his staff.”- Former Client
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“Best law firm you could ever hope to have on your side!!! Dan Lane is my divorce attorney and he is the best lawyer ever! He has literally won every single battle for me!!! Every time I go into the office everyone is so friendly and amazing!!! Dan’s secretary Victoria is the sweetest person ever! She always keeps me on top of everything!! I couldn’t have found a better lawyer than Dan, not once has he let me down on my entire divorce. Dan truly cares about his clients and every single time I have a concern or worry he calls me or emails me and reassures me even if he’s not in the office!! I honestly wish Dan could be my lawyer for everything I ever need to go to court for because he is a winner and the very best!”- Brittany L.
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“Thanks, Dan for an honorable experience and faith restored in the legal system.”- Glenn P.
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“Very knowledgeable and always willing to go above and beyond. I really appreciate doing business with someone that knows how to do things right. Very good value for a great price. Highly recommended!”- Jean L.
