What is a High Net Worth Divorce & How Can an Attorney Help Me?

Divorce is frequently a complex matter, and if you or your spouse are high net individuals, there is even more at stake. Please continue reading and reach out to our experienced New Jersey high net worth divorce attorneys to learn more about these divorces and how our firm can assist you, each step of the way. Here are some of the questions you may have:

What is a High Net Worth Divorce & How Can an Attorney Help Me?

What is a high net worth divorce & am I in one?

A high net worth divorce is when one or both spouses have assets worth at least $1 million. If you are in such a divorce, it’s imperative that you retain competent legal counsel who can help you protect and keep your hard-earned assets.

What should I consider if I am in a high net worth divorce?

High net worth divorces are different from more standard divorces in many ways. To start, high net worth individuals may own various real estate properties, stock options, luxury items, and more, which can be complicated to equitably distribute. Additionally, often, high net individuals will own businesses, which must be appropriately valued before they are distributed.

At times, high net worth spouses will attempt to hide or conceal certain assets that they believe may not be detectable, such as large bonuses or restricted stock units. Because of this, these divorces often require outside third parties, such as forensic accountants, to properly value all marital assets. Do not face all of this without an experienced attorney on your side.

How can I protect what’s mine from a divorce?

Fortunately, there are several ways for couples to protect their assets from equitable distribution. To start, if you’re not yet married, you can draft a prenuptial agreement, which, among other things, can detail which assets you’d like to be exempt from equitable distribution. If you are already married, you can not draft a prenuptial agreement, but you can draft a postnuptial agreement, which serves the same basic purpose. Finally, if you co-own or run a business with your spouse, you may draft a shareholder agreement that outlines each of your interests in the business, should you get divorced.

Contact our experienced New Jersey firm

We understand how confusing certain legal issues can be, which is why we are dedicated to providing individuals with the compassionate and knowledgeable legal representation they deserve. Aronsohn, Weiner, Salerno & Kaufman has helped clients with various difficult legal challenges for over 40 years. We know we have the experience needed to do the same for you. For experienced legal counsel regarding family law, litigation, business law, real estate, and criminal law, you know where to turn–contact Aronsohn, Weiner, Salerno & Kaufman today to schedule a consultation.