Any time a couple decides to separate, tensions can run high. Even when the separation is amicable, and the parties want to remain friendly, contentious issues can arise, particularly when the couple has a high net worth. When you plan to divorce, and you have significant assets, you need to work with a knowledgeable divorce attorney who understands the complex issues involved in high-asset divorces.
A Piscataway high-asset divorce lawyer has extensive experience working with people with substantial holdings. They could give your case the necessary skill and attention it deserves in order to protect your interests.
A high-asset divorce is a divorce between people who have more-than-average assets. Although no set amount of money makes a divorce a high asset, when a couple has a joint net worth of over $1 million, people generally refer to them as a couple with a high net worth. Their divorce can be considerably more complicated.
The dissolution of their marriage often takes much longer because it is harder to divide the properties equally as required by law. A Piscataway high-net-worth divorce lawyer who works with seasoned forensic accountants and tax professionals understands how to protect someone’s financial future.
Courts try to divide marital assets and property equitably. However, an equitable division does not necessarily mean that both parties will get the same amount.
All assets, income, debts, and other property acquired during a marriage generally constitute marital property and are subject to equitable division in the event of a divorce.
Some examples of high value marital property are as follows:
Divorce can be more complicated when couples have more assets with higher values.
Property that is exempt is not subject to equitable division in a divorce. Examples of exempt property could include:
In addition to dividing the marital assets, other issues frequently arise in high-net-worth divorces. When one spouse depends on the other spouse’s income, a skilled local lawyer could help them fight for a fair alimony award. Similarly, when the couple has children, a high-asset divorce lawyer in Piscataway could fight for a reasonable child support award that considers the child’s needs, such as private schooling and caretaker expenses.
When you are going through a divorce, you want to ensure that your interests are fairly protected, and you want a swift resolution to the process. A Piscataway high-asset divorce lawyer understands what you are going through and would work tirelessly to make sure nobody takes advantage of you.
Call our office today, and let us help you obtain a fair settlement.