What You Need to Know About High Net Worth Divorces in New Jersey

What You Need to Know About High Net Worth Divorces in New Jersey

Divorce is seldom a straightforward issue. A high net divorce is even more complicated and involves several complex financial issues, in addition to child-related matters, to be resolved. Please continue reading and reach out to our experienced Bergen County family law attorneys to learn more about high net worth divorce and how we can help you through the legal process ahead. Here are some of the questions you may have:

How do I know if I am in a high net worth divorce?

Essentially, if you or your spouse owns at least $1 million in assets, you are in what is known as a high net worth divorce.

What assets are at stake in a New Jersey high net worth divorce?

When entering the equitable distribution process, high net worth individuals will generally have far more complex assets at stake compared to others. For instance, if you are a high net worth individual, you may own several different properties, you may own a business, you may have stock options, bonds, complex investments, and more. You need an attorney on your side who can protect those assets from the equitable distribution process.

Is there anything I can do to save my assets from a divorce?

Under many circumstances, you can. To start, if you are a high net worth individual and are not yet married, you should strongly consider drafting a document known as a prenuptial agreement. This document can outline what will happen to various assets should you ever get divorced in the future. If you have already married, though the conversation may be a bit harder to have, you can draft a document known as a postnuptial agreement. This document functions the same as a prenuptial agreement, though it is drafted after marriage.

If you are facing a high net worth divorce, you will need a lawyer with vast experience in handling the complexities of your situation who will work tirelessly to protect your assets. Contact Aronsohn Weiner Salerno & Kaufman, P.C. today. We are always here to help.

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, knowledgeable legal representation they deserve. Aronsohn, Weiner, Salerno & Kaufman has helped clients with various difficult legal challenges for over 40 years, which is why 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.

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