Whitehouse High-Asset Divorce Lawyers
Divorce is challenging for everyone, but the stakes are even higher for high-net-worth couples. Significant assets, investments, and business interests are standard in most high-asset divorces, which require careful consideration and experienced legal guidance.
Our Whitehouse high-asset divorce lawyers at Tune Law Group, LLC understand how much you have at stake when divorcing and aim to provide exceptional and strategic legal guidance and support to protect your rights and assets.
What Sets High-Asset Divorces Apart?
In high-asset divorces, several issues may result in complex and lengthy litigation not typically experienced during a standard divorce, such as:
- Asset Valuation and Distribution: High-net-worth couples typically have a diverse financial portfolio, which may include real estate holdings, numerous and varied investments, business ownership, and luxury items, which need to be valued and distributed fairly.
- Tax Implications: High-asset divorces involve significant tax consequences that need to be assessed, and careful consideration must be developed to minimize each spouse’s post-divorce tax burden.
- Business Interests: Business division can be complicated during divorce. Businesses must be valued and identified as marital or separate property, and considerations must be given to operations post-divorce.
- Standard of Living: Maintaining the marital lifestyle is a significant factor in high-asset divorces, particularly in the context of alimony.
- Prenuptial Agreements: Pre- and post-nuptial agreements are common in high-asset divorces, and how they are interpreted, challenged, and enforced can significantly impact equitable distribution and alimony.
- Cost: Fees and other costs are typically higher in high-asset divorces due to the need for experts, financial advisors, and extensive legal representation.
- Length: High-asset divorces require extensive discovery and negotiations, often requiring one or more years to finalize.
What Types of Assets Are Commonly Involved in High-Asset Divorce?
Generally, high-asset divorces involve complicated investments, business interests, and multiple real estate holdings. Other assets frequently seen in high-asset divorces include:
- Boats and luxury vehicles;
- International bank accounts, real estate, and businesses;
- Valuable family heirlooms and fine art;
- High-value primary and vacation residences;
- Intellectual property;
- Extensive investment portfolios;
- Stock options;
- Trust funds.
Is Alimony Standard in High-Asset Divorces?
Alimony is common in high-asset divorces and is also typically the most contentious issue between divorcing spouses. Alimony is generally ordered when one spouse earns a much higher income than the other, and divorce will significantly impact the lesser-earning spouse’s standard of living. The courts consider several factors when assessing alimony, including but not limited to:
- Length of the marriage;
- Age and current health;
- Marital standard of living;
- Each spouse’s income and earning capacity;
- Contributions by each to the marriage;
- Assets and liabilities;
- Tax implications of alimony;
- Any other relevant factors.
Do I Need a Lawyer for a High-Asset Divorce in Whitehouse?
Working with a knowledgeable divorce lawyer with extensive experience managing vast wealth and large estates is crucial during a high-asset divorce. A seasoned lawyer will have a network of investigators, forensic economic experts, appraisers, and valuation experts to help negotiate a settlement with opposing counsel, and represent you in court, if necessary.
The Whitehouse High-Asset Divorce Lawyers at Tune Law Group, LLC Protect Your Interests
It is crucial to have exceptional legal representation during a high-asset divorce to protect your assets and business interests and minimize tax consequences. At Tune Law Group, LLC, the Whitehouse high-asset divorce lawyers are highly skilled negotiators and litigators. Call 908-434-1061 or contact us online to schedule a free consultation. Located in Whitehouse Station, New Jersey, we serve clients in and around Hunterdon County, Monmouth County, Whitehouse, and Tewksbury.
