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How do I Know if I’m in a High Net Worth Divorce in New Jersey?

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How do I Know if I’m in a High Net Worth Divorce in New Jersey?

There are a variety of matters that are required to be addressed and handled in a divorce before the proceedings are over. One of the most highly contested matters during this time is the division of assets between both spouses. In the event that the couple has a high net worth, this process can become even more difficult. Continue reading below to learn more about this process and contact an experienced New Jersey divorce attorney for assistance with your case.

What is a High Net Worth Divorce?

If a couple has assets that are worth more than $1 million, they are considered to be of a high net worth. It is because of this that if they go through a divorce, it is known as a high net worth divorce. The process of these divorces are often more complex, as the assets involved are more significant and hold greater worth. This can include property holdings, real estate, business investments, shared businesses, stocks, bonds, and out of state or international interests.

When a high net worth divorce takes place, the court will analyze the couple’s financial documents in order to better understand their financial situation. During this time, they may enlist the help of experts such as financial analysts, real estate appraisers, certified public accountants, private investigators, forensic accountants, and more to do so. If either spouse lies or falsely represents their assets to the court, they may be subject to an investigation with the IRS.  

How Can I Protect my Assets in a Divorce?

When a person has many assets, especially those of high worth, they often want to protect them. It is important to know that there are a variety of ways this can be accomplished. A common method is a prenuptial agreement that is signed before the marriage takes place. This is a document that outlines how the couple would want to divide their assets if they divorce. Similarly, a postnuptial agreement allows the same option but it is signed after the marriage is official. In the event that the spouses own a business together, a shareholder agreement can be created to determine how the business would be handled in situations of divorce. 

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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.

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Mediation Services

Our firm believes that exploring alternatives to litigation can greatly benefit our client. Our firm’s established mediation practice can help you resolve family law issues more efficiently, amicably and at a lower cost. If you are interested in knowing more about our mediation services, contact the firm to discuss your situation.

“This firm and it's team are the best out there, hands down. Robyn Ross helped me through a difficult time. Something that should have been...”

– Nestor –

“Robyn navigated me through a difficult period and explained every piece of the process in great detail along the way. I know in the end...”

– Clarissa –

“Robyn Ross handled my two cases and won both, her passion and expertise was beyond a 5-star rating. She communicated with me through both cases...”

– Abdul –

“Liz represented me throughout a long and difficult divorce process. She was a godsend. Her knowledge, compassion, dedication, and commitment are unparalleled. I can not...”

– Peter –

“The hardest part of going through a divorce or separation is the children. I’m so thankful that I had this firm represent my case. Ross...”

– Paula –

“This is a great counsel team. Very knowledgeable, professional and compassionate. They also make you feel like you are their only client, very attentive!”

– Bettyna J. –

“This firm and it's team are the best out there, hands down. Robyn Ross helped me through a difficult time. Something that should have been...”

– Nestor –

“Robyn navigated me through a difficult period and explained every piece of the process in great detail along the way. I know in the end...”

– Clarissa –

“Robyn Ross handled my two cases and won both, her passion and expertise was beyond a 5-star rating. She communicated with me through both cases...”

– Abdul –

“Liz represented me throughout a long and difficult divorce process. She was a godsend. Her knowledge, compassion, dedication, and commitment are unparalleled. I can not...”

– Peter –

“The hardest part of going through a divorce or separation is the children. I’m so thankful that I had this firm represent my case. Ross...”

– Paula –

“This is a great counsel team. Very knowledgeable, professional and compassionate. They also make you feel like you are their only client, very attentive!”

– Bettyna J. –
 

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