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
- Non traditional 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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“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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“I have personally worked with Eric Lane on numerous occasions for transaction insight and due diligence purposes while reviewing new opportunities for my business. His service was always extremely professional, helpful and prompt. Eric was able to give me valuable knowledge while helping to negotiate leases for new potential locations, as well as finding out information about the local township and regulations that would affect my business decisions; making me aware of things I wasn't and helping me to better understand things that I wasn't very familiar with. Whether a new business starting out or an established company looking to grow, I would highly recommend his services. I look forward to continuing to seek Eric's opinion and professional services in the future.”- Michael L.
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“Dan Lane was great to work with. He was very honest, professional and straight to the point which I appreciated. He was very patient and took the time to explain legal terms that I didn’t quite understand. I felt like he truly cared about my situation and gave me the best advice like he was dealing with a close friend. 100% would recommend anyone using him.”- Jill V.
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“Not only are they available during all hours of the day, but they also have extensive knowledge of the law.”- Charles W.
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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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“I can’t say enough about Dan and the Lane & Lane firm. Dan carefully listened to all my concerns and goals throughout this process and explained everything that was required to meet my goals. Dan is always available whenever I call him for any questions or concerns. I would recommend Dan and the Lane & Lane firm to anyone looking to get any legal advice in the state of NJ, they are top-notch. Thank you, Lane, & Lane for your outstanding service.”- Satish P.
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“I am a bit overdue with this review. Lane and Lane helped me through what seemed at the time to be one of the hardest points in my life. Mr. Steven Lane and his assistant Dana went above and beyond for me throughout my entire divorce from beginning to end. Mr. Lane was always available when I needed him and always made me feel like a priority. He by far exceeded my expectations and for that, I am truly grateful. At all times it was obvious that my and my children's best interest was what was most important to him and that you can not put a price tag on. Mr. Lane made a promise to me at the beginning of the process which was "we go to the dance together and we leave the dance together" meaning at no point would he leave me to fight this battle alone. As silly as it may sound, that has stuck with me since he said it and that was one of the most comforting things anyone has ever said to me. I highly recommend Lane and Lane LLC. They are a family run business that cares about family and that is hard to find nowadays. Thank you again, Mr. Lane.”- Jessica W.
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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.
