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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“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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“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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“Eric was with me every step of the way and I felt that he had my best interests at heart.”- Aus
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“I have been in a custody battle since my daughter was 3 years old. Multiple attorneys and honestly no one has been more competent as Steven Lane. He is always in contact and has been so knowledgeable. He honestly put me at peace in a very difficult time. He is very versed in his profession and honestly I wish I had met him years prior, I actually started to get proper justice when I hired him. He is understanding and caring as well as his staff has phenomenal character. I couldn't recommend this attorney enough.”- Lysette
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“Extremely professional and hard-working attorneys. Eric Lane provided me with exceptional service and was always there to answer my questions.”- Angela R.
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“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.
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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 would highly recommend relying on Daniel should you need his service.”- Eric
