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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“Dan & his staff are professional, courteous & knowledgeable. Dan returned my phone calls & emails in a timely manner & made me feel like I was his most important client. He went above & beyond for me. I highly recommend Lane & Lane.”- Jim J.
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“I was very lucky to have Mr. Steven Lane guide me through my case, as the divorce was a very challenging life event for me. He had a great sense of humor to diffuse many stressful situations. His wisdom and calmness helped to settle the divorce case peacefully and efficiently. When negotiations got tough, he was always able to find common grounds for two parties to reach an agreement. More important to me, Mr. Steven Lane is so humble and friendly, he never appears as an arrogant lawyer in a fancy suit. On the contrary, as an Asian immigrant, I felt very much accepted and respected by him and his team. I've learned so much from him while working together on my divorce case. So I highly recommend him.”- Ching F.
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“Dan and his office were very attentive to my needs during this difficult time. Dan went above and beyond to ensure the final result was fair. I highly recommend Lane and Lane for anyone shopping around for a Divorce Lawyer/Family Law Lawyer.”- Christopher M.
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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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“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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“I hired Steve to represent me in my divorce. He is am amazing, knowledgeable lawyer and a good man. He's honest, upfront, caring, calming and never made me feel like just a client.”- Melissa
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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 Lane and his team were very professional and helpful. During our first conversation, he took the time to help me get to know the firm and confirm that they could help me. I went in having no idea what to do and he handled all of my concerns. He made sure that I got everything I needed or was entitled to and that I understood everything that was happening. He was very effective in getting my case settled and supported me every step of the way. I highly recommend Lane & Lane for their excellent service.”- April M.
