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High-Net-Worth Divorce

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.

Prenuptial agreements

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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    “Mr. Lane was recommended to me by another one of his clients. He helped me to solve a problem I thought would never be solved. I will definitely reach out to Mr. Lane to represent my family in any other matters.”
    - Gabriela S.
    He not only took care of all the cases and made sure that I was protected, but also offered great advice during the process.
    “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!!”
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    - Brad
    Eric Lane was very helpful.
    “Eric Lane was very helpful. very humble and down to earth personality. Thank you.”
    - Sonu S.
    Excellent law firm!
    “Because Daniel Lane’s specialty is matrimonial law, I found him to be experienced and tough, but also kind and willing to negotiate to settle the dispute.”
    - Former Client
    Knowledgeable, trustworthy, and informative.
    “He was very knowledgeable, trustworthy, and informative lawyer, during the whole process. Always kept me informed of the process and how things would work, any questions I had he was always there to listen and get me an answer for anything I had a concern with, I would totally recommend him and the firm to anyone.”
    - Michele
    They took the mess out of the divorce process.
    “Throughout the process, Dan constantly put my interests, goals, and objectives front and center.”
    - Jay K.
    They listened and protected me from opposing counsel's comments and demands.
    “Divorce is a traumatic event, no matter how much both parties involved try to work through the process. Lane & Lane were a great sounding board for my concerns and needs. They listened and protected me from opposing counsel's comments and demands. I highly recommend Lane and Lane to represent you if this personal need arises. Pete Wright”
    - Pete W.
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Lane & Lane, LLC Lane & Lane, LLC
Somerville Office 908-259-6673
Locations
  • Somerville Office
    84 East Main Street
    2nd Floor
    Somerville, NJ 08876
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  • Morris Plains Office
    101 Gibraltar Drive, Suite 2F
    Morris Plains, NJ 07950
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