What factors do courts consider when dividing assets in a high-net-worth divorce?

Courts will consider a couple’s circumstances when deciding equitable distribution for a high-asset divorce. Factors may include: The length of the marriage The overall value of the marital estate Whether either spouse sacrificed educational or professional ambitions to support the marriage The income and property each spouse brought to the marriage Each spouse’s contributions to preserving and improving marital assets The difficulty of valuing or dividing high-value assets, including business interests Whether either spouse squandered assets Whether the couple has children and whether the children have any special needs The respective earning capacity of each spouse The resources necessary for a spouse to improve their earning capacity to become financially self-sufficient Each spouse’s existing child or spousal support obligations The tax implications of a proposed distribution New Jersey law also creates a rebuttable presumption that each spouse contributed substantially to the acquisition of assets and the growth in value of such assets during the marriage.

Can I do anything if my spouse has hidden assets?

If you believe your spouse may have concealed high-value assets, our firm will pursue legal procedures to uncover proof. Our legal team can issue discovery requests for financial records, depose your spouse and other parties, and retain forensic accountants to determine if your spouse hid assets. Under state law, courts can impose various remedies for a spouse’s intentional concealment of assets during divorce, including forfeiture of hidden assets or requiring the spouse to pay legal fees and costs incurred to uncover their fraudulent behavior.

New Jersey High Net Worth Divorce Lawyer | High Asset Divorce Attorney Red Bank, NJ

High Asset Divorce Attorney in Red Bank Provides Knowledgeable Advice and Advocacy to High Net Worth Families in Divorces in Monmouth County, Ocean County, Middlesex County, and Throughout NJ

Although about a third of couples in one survey named finances as the primary source of conflict with their partner, arguments over money don’t happen only to lower- or middle-class families. Even high-net-worth couples may experience marital strife that eventually leads to divorce. Significant wealth can complicate divorce when both spouses seek to maintain the same high standard of living and to receive their “fair share” of the marital estate. If you and your spouse have substantial income and assets, turn to New Jersey high net worth lawyer Joseph J. Russell for help.

Over the past hundred years, our firm has become one of New Jersey’s largest and most historic law practices. Our attorneys strive to provide clients with exceptional legal representation and guidance through the difficult process of divorce. We offer a personal approach to cater to your specific needs and goals. Attorney Joseph J. Russell and our family law group have received numerous awards and recognitions for their dedication to achieving the best possible results for clients.

Need a Divorce? Joseph J. Russell Divorce & Family Law Attorney Can Help. Just Fill Out Our Convenient Online Contact Form for a Confidential Consultation.

Don’t leave your financial security and future to chance. Contact Joseph J. Russell Divorce & Family Law Attorney, for an initial case review to discuss your legal rights and options when seeking divorce if your family has substantial or complex assets. Our legal team will fight to ensure you obtain a fair equitable division of marital assets and the financial support you may need.

New Jersey High Net Worth Divorce Lawyer Joseph J. Russell Can Help You Protect Your Interests in a Complex Divorce

As an equitable distribution state, divorce courts must divide assets between spouses fairly, though not necessarily evenly. Spouses must present evidence and arguments to support their preferred distribution. However, high-asset divorces have unique circumstances. You need experienced legal representation to help you secure the best possible resolution in your divorce. Some of the most critical issues to focus on if you and your spouse have substantial assets include:

Identifying assets – In high-asset divorces, one spouse may not know the full extent of the family’s assets or the value of those assets. The spouse who controls the family’s finances may also try to hide property or money from equitable division. Divorcing spouses in a high-net-worth family must ensure each has a complete picture of the family’s assets.
Contributions to education and business development – When one spouse foregoes their educational and professional advancement to support or financially contribute to the education and business development of the breadwinning spouse, the equitable division should recognize the contributing spouse’s share of the family’s high net worth.
Business agreements – A spouse’s ownership interest in a business venture may qualify as a marital asset subject to division. A divorcing couple must determine the value of the business interest for equitable distribution. Couples must also consider limitations on transferring or liquidating ownership interests under the business’s operating or shareholder agreements.
Separate property – Many high-asset divorces involve separate property owned by the spouses, including assets brought into the marriage or received as a gift or inheritance during the marriage. However, a spouse can comingle their separate property, such as by using inheritance to help fund the purchase of the marital home or to start a business. Spouses may have difficulty identifying commingled property, leading to disputes over equitable division.
Pre/post-nuptial agreements – Spouses may also have conflicts over enforcing prenuptial or postnuptial agreements signed before a divorce.
Alimony/spousal support – High-net-worth divorces also frequently have conflicts over alimony/spousal support when one spouse controls the family’s finances, as the other spouse may seek to maintain a standard of living equivalent to that enjoyed during the marriage.

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Nicole Wasserman-01/15/2023

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Why Turn to a High Asset Divorce Attorney in Red Bank After Your Separation?

A high-asset divorce can put your financial security and future on the line. A New Jersey high net worth divorce lawyer can help protect your interests by:

Thoroughly reviewing your family’s circumstances to identify any issues that may arise in your high-asset divorce
Using legal procedures, including subpoenas and depositions, and working with forensic accounting and financial experts to get a clear view of the marital estate
Negotiating on your behalf to reach a property/marital settlement agreement that resolves the outstanding financial issues in your case
Persuasively advocating for your rights and interests in court to secure a fair financial outcome for you

Get Advice From An Experienced New Jersey Divorce Attorney. All You Have To Do Is Fill Out Our Convenient Online Contact Form To Receive Your Confidential Case Evaluation.

Contact Joseph J. Russell Divorce & Family Law Attorney, to Discuss Your Legal Options in a Complicated High Asset Divorce

You deserve your fair share of your family’s wealth in divorce. Contact New Jersey high net work divorce lawyer Joseph J. Russell for a confidential consultation to learn how we can help you protect your interests. We will provide you with the aggressive legal representation you need.

New Jersey High Net Worth Divorce Lawyer