Divorce is almost always a complex issue, but when spouses have a significant amount of assets, divorce frequently becomes all the more complicated. Please continue reading and reach out to an experienced Mountainside, NJ high net worth divorce attorney from Ross & Calandrillo, LLC to learn more about high net worth divorce in New Jersey and how our legal team can help you through one. Here are some of the questions you may have:
How do I know if my divorce qualifies as a high net worth divorce?
If you are getting a divorce and you and your spouse have at least $1 million in assets, you’re in what is known as a high net worth divorce. Though these divorces typically proceed as all other divorces do, they are often more complex when it comes to dividing assets between spouses in the equitable distribution process. Spouses with more than $1 million in assets often have various types of property, such as multiple homes, luxury vehicles, stock options, various bank accounts, antiques/collectibles, and more.
What should I do if I’m in a high net worth divorce?
If you are in a high net worth divorce, especially if you have not drafted a prenuptial or postnuptial agreement, the most important thing you can do is hire an experienced Union County divorce attorney who can fight for your hard-earned assets. Once the courts determine which property is marital property and which is separate property, they will then divide all marital property in a manner they see as fair and just between you and your spouse. We will fight for the positive outcome you deserve and need.
That said, if you have not yet gotten divorced, you should strongly consider drafting either a prenuptial or a postnuptial agreement. Couples who aren’t yet married can draft prenuptial agreements, which will help protect their assets from a potential future divorce. If you’re already married, you can draft a postnuptial agreement, which serves the same function as a prenuptial agreement. If you have any other questions about these marital agreements or you need assistance with your divorce, all you need to do is give us a call. We are here to fight for you, every step of the way.
Contact Our Experienced New Jersey 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.