What to Know About High Net Worth Divorce in New Jersey

If you are entering a high net worth divorce, it is important to weigh your options with a skilled divorce attorney. Contact us today to speak with one of our dedicated legal team members about the specifics of your case.

What is a high net worth divorce?

If you or your spouse have assets worth over $1 million, your divorce will likely be considered a high net worth divorce. Another situation that may initiate this type of divorce is if one spouse owns or has an ownership interest in a business.

What assets are affected in a high net worth divorce?

In a high net worth divorce, the matters that are brought up in a regular divorce will still be considered. These matters include division of assets, spousal support, child support, and child custody. It is important to note that there are several more factors that are also commonly considered with divorces that are categorized under high net worth. Some of them include the following:

  • 401(k)
  • Stocks
  • Bonds
  • Real estate and property holdings
  • Shared businesses
  • Business investments
  • Retirement accounts
  • Pensions
  • Benefits

Sometimes, high net worth divorces may also require forensic accountants, certified public accountants, financial analysts, private investigators, and more to be involved in the divorce process in the event that there are discrepancies. It is important to have an experienced family law attorney at your side throughout your high net worth divorce process.

How can I protect my assets in the event of a high net worth divorce?

In order to protect your assets, there are several options you can choose from. One of the most common ways you can protect your assets is by creating a prenuptial agreement. A prenuptial agreement is usually drafted and signed by a couple before they are married. It is a document that protects your assets and expressly states how they will be divided in the event of a divorce. Some couples choose not to get a prenuptial agreement because of the negative stigma that surrounds them. However, it is important to note that they can be greatly beneficial to both parties involved and do not in any way imply that the couple will end up in a divorce. If a couple does not create a prenuptial agreement and later decides they would like to, they can create a postnuptial agreement. This is the same document, with the same purpose, but it is created and signed after the marriage.

If you are interested in creating a prenuptial or postnuptial agreement, do not hesitate to reach out to our experienced firm today to speak with one of our dedicated members of our legal team.

Contact our Firm

We understand that those getting a divorce most likely have several questions regarding the weeks and months to come. Paris P. Eliades Law Firm, LLC is honored to serve the people of New Jersey, including Sparta, Sussex County, Morris County, Passaic County, and Bergen County with the quality legal services they deserve. If you are getting a divorce or have any other questions regarding divorce-related matters, please do not hesitate to contact our firm for a consultation today.