196 East Commerce Street
Bridgeton, NJ 08302
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 New Jersey high net worth lawyer schooled in these kinds of cases.
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:
If the option(s) have been granted during the time frame of date of marriage to date of the filing of the divorce complaint, then yes the option(s) are divisible under Equitable Distribution in the final agreement of divorce, and further insured by way of a Trust. Issues can arise as to what happens to unvested option that mature after the Divorce Judgment, as well as what happens to those options (or their value) if the employed spouse voluntarily leaves that employment or is terminated for cause.
The Child Support Guidelines only specify a minimum support level up to but not exceeding $187,200.00 combined net income of the parties, and give no information on how to calculate an appropriate Child Support amount after that level. The Court can then make a decision on the appropriate Child Support amount based upon the child(ren)’s pre-divorce lifestyle, making it more important to present the correct facts to the court so the appropriate child support will be ordered.
It can be a disputed fact issue as to what level of involvement, and if that level of involvement contributed to the increase in the business value in determining how much a spouse can receive from that business. It will be mandatory to have the business evaluated by a forensic accountant to place a value on the business. Other issue may also come into play such as a spouse ending their occupation to raise the child(ren), allowing the business owning spouse to grow their business.
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.
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.
Don’t let your rights be jeopardized.