Lawyers for New Jersey High Net Worth Divorce Cases
Lawyers for New Jersey High Net
Worth Divorce Cases
Ending
your marriage is already a difficult, emotionally charged process, but it can
be even more complicated in the case of a high net worth divorce. When you and
your spouse have accumulated considerable assets in both real estate and
personal property, it can be challenging to work out a fair asset division as
required by New Jersey divorce
laws.
Plus, there are complex legal rules regarding spousal support, otherwise known
as alimony.
Unless
you have a knowledgeable, skilled attorney on your side, you put your legal
rights at risk. Our lawyers at Giro Attorneys at Law, LLC are
the experienced, committed counsel you need to aggressively protect your
interests in a New Jersey high net worth divorce. We have been serving clients
in Bergen County, NJ and the surrounding region for decades, so you can feel
confident that you are putting your divorce case in good hands.
Serving You in Complex Asset
Division and Spousal Support Matters
Under
New Jersey law, it is first necessary to categorize property into marital and
non-marital before dividing assets between divorcing spouses. Generally, all
assets acquired during the marriage are marital, and items obtained beforehand
are separate property. The statute on asset division rules require an equitable
distribution, which may not be an equal, 50-50 split.
In
addition, a court will review the appropriateness and amount of spousal support
to which one spouse may be entitled. Generally alimony is intended to provide
for a lower earning spouse, so that he or she can enjoy the same standard of
living as existed during the marriage.
Factors that Impact Asset Division
and Alimony in High Net Worth Divorce
There
are a number of factors a court reviews when determining equitable asset
division and spousal support in any divorce, but the stakes are higher in a
high net worth divorce. Though these are separate issues, many of the
considerations overlap. They include:
● Prenuptial agreements, the validity
of which may be a major dispute in a high asset divorce;
● Considerations related to each
party’s current and future earning capacity, such as age, physical and
emotional health, education, experience, and length of time out of the job
market;
● Factors regarding the marriage,
including whether one spouse gave up job opportunities to contribute to the
household;
● The standard of living and present
value of all property, considerations which are hotly disputed in high net
worth divorce cases;
● Which spouse has custody of minor
children, if any; and,
● Other factors designated by law.
Note
that marital misconduct is generally not a consideration when determining
spousal support and asset division; however, a judge may base an order for
property or alimony upon one spouse’s actions in wasting marital assets.
Discuss Your High Net Worth Divorce
with an Experienced New Jersey Attorney

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