New Jersey High Net Worth Law Firm
Divorce is oftentimes a complicated process. When a couple has a significant net worth, the division of marital assets can be complicated. Not every attorney has the ability to take on this significant task with ease. Aronsohn Weiner Salerno & Kaufman P.C. has over 40 years of experience guiding wealthy clients through the complex process of divorce. If you are facing divorce, we recognize that these are trying and difficult times. When you partner with our firm, we will take the time to get to know you, share with you our knowledge of New Jersey law, help you make educated decisions on how to proceed and tenaciously represent you every step of the way. To discuss your situation with an effective legal team determined to protect you and your future, contact Aronsohn Weiner Salerno & Kaufman P.C. today.
Why are High Net Worth Divorces Different?
High net worth divorces can differ from others in a few significant ways. In certain matters, assets are easy to identify and value. Bank accounts come with statements. Interest or dividend income is reported on personal income tax returns. However, in the high asset and high net worth divorce, assets may come in a variety of employment benefits and other means that are not so easily discernible.
There are times where a tax return cannot tell the whole story and it is up to an attorney with significant experience in business valuations and evaluation of all income sources to uncover and understand both the true value of a business and the total income derived from the business.
When a party is self-employed, income from that party’s business may not always be apparent. In some situations, personal expenses may be paid for through the business, and the business may not be paying the earnings to the business owner, instead, retaining those earnings for future use. We will work hard with a potential forensic accountant to evaluate all options available to our client and uncover all income sources.
When an individual works as an executive at a large company, he or she may also have access to different forms of benefits that are not included in a pay stub. Many executives benefit from alternative forms of compensation. These benefits can consist of stock, stock options, stock units, deferred compensation benefits, restricted stock units (RSU’s), pensions and other retirement plans. In some situations, executives may be eligible for termination benefits and signing bonuses as well. Occasionally, bonuses or other forms of compensation are not immediately available but become available over a period of years or upon the triggering of certain events. These cases deserve the attention of an experienced law firm like Aronsohn, Weiner, Salerno & Kaufman, P.C. with the resources, knowledge, and necessary acumen to uncover hidden earnings and establish the value of businesses and assets for the spouse we are representing.
Contact an experienced Bergen County High Net Worth Divorce Firm
If your case is a high net worth divorce, Aronsohn Weiner Salerno & Kaufman P.C. has the experience you need to guide you through this complex matter. Our firm is highly skilled at handling complex divorce matters, uncovering hidden assets and earnings, and successfully navigating the waters of a high net worth divorce. Our team of professionals is ready to protect your rights. Don’t hesitate to contact us if you need strong legal representation for your divorce matter. Contact Aronsohn Weiner Salerno & Kaufman P.C. today to schedule a consultation.