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Regardless of the assets, property, and the people involved, the process of legally dissolving a marriage in New Jersey is rarely simple and often takes months to conclude completely. However, if one or both parties have substantial financial holdings or business interests that are considered marital property, these proceedings can go from complicated to virtually impossible to handle alone. That is why it is highly advised to seek guidance from our professional legal representatives.
Retaining our qualified West Caldwell high-asset divorce lawyers can be an essential first step to resolving this kind of situation amicably, proactively, and efficiently. Our divorce attorneys have experience helping high net worth individuals protect their financial and personal interests. Further, our legal team could provide the help you may need to achieve the best possible resolution for everyone involved in your separation.
New Jersey is an “equitable distribution” state, meaning that courts overseeing the asset division stage of divorce prioritize an “equitable” split of marital property. This is based on various factors rather than an exactly equal 50-50 split between both spouses. Accurately identifying and valuating the various holdings that a high net-worth individual might have can be hard on its own, and determining which of those assets qualify as “marital” property can be even more difficult.
Many high-value separations require the parties involved to decide what will be done with shared family business. This is a process which may entail formal valuation of business assets, sales and distribution of stocks, and plans for how a divorced couple could continue to operate their business together. In the same vein, high-asset couples may share:
All of these may be subject to court distribution if both parties cannot agree on a fair split beforehand.
Even child custody and support arrangements can work differently in high-asset divorces, especially if one person has a much greater capacity to provide financial support than the other. Resolving these and various other issues in a productive way could be much easier with support from a West Caldwell high-value divorce attorney.
The role of legal counsel in a high-asset separations is largely similar to that of legal counsel in standard divorces. In both scenarios, each party should retain their own legal representative to help them through the divorce process. This could include negotiating a final agreement, advocating for their best interests, complying with all legal requirements, and ensuring they are not taken advantage of at any point.
Accomplished attorneys in West Caldwell are skilled not only in handling the basic procedural elements of ending a marriage, but also at managing the more complex problems that high net-worth individuals may face. Seasoned New Jersey lawyers could take the lead on identifying and valuating assets, drafting agreements, resolving issues with real estate sales, and much more.
No divorce is easy to go through, and separations between people with significant financial assets to sort through can be especially troublesome. Fortunately, help is available from our dedicated attorneys accustomed to helping people through unique situations like yours.
One of our West Caldwell high-asset divorce lawyers could answer questions and clarify your options in detail during a confidential consultation. Schedule yours by calling our office today.