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Family Law: High-Net-Worth Divorce

For executives, business owners, professionals, investors and other high-net-worth individuals, the financial and property-related aspects of divorce take on heightened importance. New Jersey’s alimony and equitable distribution laws mean that much of your accumulated wealth could be on the table in your divorce. To protect your assets as much as possible, you need a lawyer schooled in these kinds of cases.

Unique Issues in High-Net-Worth Divorces

While the basic legal issues involved in getting divorced are largely the same regardless of the spouses’ respective incomes and the value of their marital estate, high-net-worth divorces will typically present a number of unique issues that require strategic planning. These issues include:

  • High-Net-Worth Alimony – In New Jersey, alimony is intended to ensure that each spouse can maintain the standard of living enjoyed during the couple’s marriage. For high-net-worth couples, this can easily mean thousands of dollars per month in alimony.
  • Prenuptial Agreements – If you and your spouse signed a prenuptial agreement, (i) is it enforceable; and, (ii) if so, what does it say about alimony and the division of property? While prenuptial agreements can provide critical protections, they can also create uncertainty when they raise questions or leave issues unresolved.
  • Retirement and Investment Accounts – If your retirement and investment accounts are worth millions, you can expect them to take on a central role in the division of your marital property. Determining spouses’ rights to these accounts can be challenging, with pre-marriage contributions, distribution valuations and other factors all potentially coming into play.
  • Physical Assets and Real Property – Almost all divorces involve a distribution of physical assets. Regardless of what constitutes an “equitable” distribution in terms of percentages, how do you decide who gets what? In many cases, high-net-worth individuals will want to keep specific assets such as automobiles, art collections and real estate, and protecting these assets often requires a targeted negotiation (or litigation) strategy with this specific outcome in mind.
  • Business Ownership and Control – In a divorce, privately-held business interests are put into the same category as other tangible and intangible assets. This means that they are subject to division, and this means that divorcing spouses will often face contentious disputes over business ownership, valuation, and control.

Our divorce lawyers are experienced in representing high-net-worth individuals in all aspects of the divorce process. We are intimately familiar with the complex issues involved in high-net-worth divorces, and we know what strategies have worked to protect our clients’ financial interests in the past. Regardless of the duration of your marriage, whether you and your spouse signed a prenuptial agreement and any other unique aspects of your marriage, we can help you execute a strategy designed to secure a just and favorable outcome in your high-net-worth divorce.

Speak with an NJ Divorce Lawyer at Helmer, Conley & Kasselman, P.A.

If you are anticipating a divorce and would like to speak with a lawyer about protecting your assets, we invite you to schedule an initial consultation. To speak with one of our experienced New Jersey divorce lawyers in confidence, please call 1-877-435-6371 or inquire online today.

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