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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“The attorneys at Lane & Lane are clearly experts in the matrimonial field. Every client I have referred has reported back a great experience. I refer them without hesitation for 5-star representation.”- Ed R.
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“Thank you Eric for always answering my questions and getting me through my divorce.”- Jessica S.
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“Lane & Lane have been a huge help for our business. They've helped us navigate federal regulations, state regulations, buyout agreements, and corporate structure updates. They're accessible and timely, highly recommend.”- Colby J.
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“Dan Lane is very professional and cares about his clients. Dan and his team work diligently to get things done.”- Jessica W.
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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.
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“- Adam
Dan and his staff were amazing. Truthful and helpful throughout the whole process.
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“I can't say enough about Dan and the Lane & Lane firm. Dan was my 3rd attorney during my divorce/visitation process, which for a man in NJ can be very expensive and overwhelming. Dan carefully listened to all of 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. My most important goal was seeing my 8-year-old daughter on a regular basis and building a healthy father-daughter relationship. That goal turned into reality and now I see my daughter all the time! At the end of the day, Dan cares about the human factor and in my case being able to be in my daughter's life. Dan is great in court and defending your rights as a father. I would recommend Dan and the Lane & Lane firm to anyone looking to get divorced in the state of NJ they are top-notch.”- Kyle T.
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“Throughout the process, Dan constantly put my interests, goals, and objectives front and center.”- Jay K.
