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 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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“Quick, knowledgeable, professional, and very responsive to questions and inquiries. A positive experience from reception-to-attorney. I would request legal services from Lane & Lane again as well as recommend them to others.”- Orlando H.
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“Eric Lane is just awesome! He has been handling my case since my divorce was finalized, which sounds strange - but true. There have been incessant frivolous motions one after another in the courts since my divorce and Eric has been amazing to work with. He not only took care of all the cases and made sure that I was protected, but also offered great advice during the process. Two Thumbs up!!”- Former Client
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“Thank you so much Steve Lane and Lane & Lane firm for the outstanding representation you have given me! I was very impressed with how knowledgeable Steve is and how welcoming and friendly he and his staff is. Steve made me feel comfortable and confident and always exhibited dedication and concern for my situation. Always professional and compassionate! I would recommend Lane & Lane to anyone. Again, thank you so much Steve for you amazing help!”- Anastasios B.
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“It's always difficult when you are dealing with divorce situations. Daniel Lane really helped by understanding my dilemmas and providing honest and realistic feedback. Would definitely recommend their services.”- Karen J.
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“Throughout the process, Dan constantly put my interests, goals, and objectives front and center.”- Jay K.
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“Eric is by far the best lawyer I’ve ever had. He doesn’t rush, takes his time to go through all files, and always has time to talk. It is my first case using him and he is a bull in the courtroom. As well, the law firm is very respectable and they always return calls. Thank you again, Eric. if it wasn’t for you I wouldn’t have my daughter.”- Marcel B.
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“Dan was very understanding and helpful through the divorce process. He respected my suggestions and always gave very good advice throughout the whole process. He worked well with opposing counsel and just helped the whole process move smoothly. This was not a process I wanted, yet I was able to count on him for sound and very professional advice. There was never any pressure for me to do anything I did not want to do. I am thankful I chose Lane and Lane.”- Tom H.
