If you are going through a high net worth divorce in the state of New Jersey, it is in your best interest to give our skilled Sussex County, Sparta high net worth divorce attorney a call today. Our legal team is committed to ensuring you and your finances are protected each step of the way.
What is a high net worth divorce in the state of New Jersey?
If a couple that is divorcing has a combined net worth of $1 million or more, it is considered a high net worth divorce. It is important to recognize that it can be different from other divorces because it may concern more complex assets and other factors that a typical divorce may not.
What assets can be involved in a high-net divorce?
When it comes to a high net worth divorce, there are several different types of assets that must be divided. They include the following:
- 401(k)
- Stocks
- Bonds
- Real estate and property holdings
- Shared businesses
- Business investments
- Retirement accounts
- Pensions
- Benefits
What parties may get involved?
The best way to assess these assets and divide them equitably, forensic accountants, certified public accountants, financial analysts, private investigators, and more may become involved in the divorce process. If any differences are seen, an IRS investigation may be tackled.
How can I protect my assets?
You are likely wondering how you can protect your assets during your divorce. When it comes to a high net-worth divorce, it is important to move through the process with an experienced attorney in your corner, because they know what to look out for and how the process works.
Another essential way to defend your assets is with a legal agreement. This can include a prenuptial or postnuptial agreement. A prenuptial agreement is a legal document that states how a couple’s assets should be split if their marriage comes to an end. This will permit you to keep specific assets separate, indicating they will not be subject to equitable distribution during a divorce. A postnuptial agreement is the same kind of document. The main distinction is that it is constructed during the marriage, rather than before the marriage. It is essential to ensure that your agreement is valid and meets all the necessary New Jersey requirements. An invalid prenuptial or postnuptial agreement can lead to serious trouble and lost assets. With the help of an attorney, you can feel comfortable knowing that your documents are properly created.
Our legal team is on your side if you are going through a high net-worth divorce, our firm will fight for you. We will work to protect your assets and walk you through the process every step of the way. Give our firm a call today to get started.
