Thousands of divorce cases go through the New Jersey court system every year. However, not all of those cases involve high asset divorces, in which the couple going through the divorce has accumulated quite a bit of assets throughout the course of the marriage. In a high asset divorce, your life will change both during and after the case is over.
Unfortunately, the stakes can seem higher for couples who have valuable assets and who are going through a divorce. There may be more to split up in the property division part of the divorce than just savings accounts and retirement accounts. High asset divorces can involve business interests, stocks and bonds, artwork and multiple properties, just to name a few examples. As you progress through the divorce process, it may become necessary to part ways with assets that you had previously invested your heart and soul into, such as a family business.
However, after a high asset divorce is completed, the ex-spouses are usually better positioned, financially speaking, then many other people who go through a divorce. They typically have enough assets to fall back on after the divorce to maintain their usual financial practices. But, that isn’t always the case.
New Jersey residents who are facing the prospect of a high asset divorce will need to make sure that they know all of their legal options, particularly in the property division part of the case. It is important to know when to fight and when to concede. For more information about how our law firm might be able to help with your case, please visit the high asset divorce overview section of our website.