If you are a high-net-worth individual who is facing a divorce, you may be wondering about the details of the legal process ahead and what to expect. To learn more about high net worth divorce in New Jersey, continue reading and reach out to our knowledgeable New Jersey divorce attorney who has experience handling high net worth divorces. Give our firm a call today to learn more about our services. We would be happy to schedule your initial consultation with our team.
What is a high net worth divorce?
If you or your spouse owns or has an ownership interest in a business or has assets worth over $1 million, this will likely constitute a high net worth divorce in New Jersey.
What assets are affected in a high net worth divorce?
The typical matters of a regular divorce will be considered in a high net worth divorce such as spousal support, child custody, and division of assets. However, it is important to know that there will be several other factors that will also be considered including the following:
- Pensions
- Benefits
- 401(k)
- Stocks
- Bonds
- Real estate and property holdings
- Shared businesses
- Business investments
- Retirement accounts
High net worth divorces may also require the following professional to be involved in your divorce process:
- Forensic accountants
- Certified public accountants
- Financial analysts
- Private investigators
How can I protect my assets?
In order to property your assets in a high net worth divorce, there are a few options to consider. You may consider drafting a prenuptial agreement if you are not yet married. This legal document is drafted with your spouse to protect your family’s inheritance and your assets. If you are already married, you may want to explore your option for drafting a postnuptial agreement. This document will serve a similar purpose to the prenuptial agreement by protecting specific assets in the event of a divorce. Finally, you may consider drafting a shareholder agreement if you and your spouse own a business. This document will detail what will happen to your business in the event of a divorce.
If there are any additional questions are concerns you have regarding your upcoming high net worth divorce, do not hesitate to reach out to our experienced divorce attorney. Our legal team at Ross and Calandrillo, LLC will walk you through the steps of the legal process ahead. Give our firm a call today to schedule your initial consultation with our legal team.
Contact our Firm
Ross and Calandrillo, LLC is a full-service divorce, family, and real estate law firm located in Mountainside, New Jersey. For strong legal representation in all of your divorce or family law matters, contact Ross and Calandrillo, LLC to schedule a consultation.
