No two divorce cases in New Jersey are the same. Some are amicable, in which the couple can agree on most of the terms of the divorce out-of-court and submit an agreement to the court for approval. Others are contentious, seeing the couple fight over every detail of the dissolution proceeding, from child custody and support to alimony and property division. However, oftentimes the biggest difference between any two cases is the amount of assets involved.
High asset divorce cases can be, understandably, fraught with tension. From the beginning of the case, each spouse will likely be attempting to maneuver to a position in which the greatest amount of assets can be retained. Couples who find themselves in a high asset divorce need to know their options.
An important first step in a high asset divorce can be to identify specific assets that you want to fight to retain. These types of divorces can involve more than just the family home and vehicles. There may be vacation homes involved, or even artwork, investment accounts and business interests. If there are certain assets that you want more than other assets, you’ll need to know the options for pursuing those specific assets in the property division process in the divorce.
At our law firm, we work hard to attempt to make sure that our clients know the various factors that can come into play in a high asset divorce. It may be beneficial to attempt to reach an agreement out-of-court, perhaps through negotiation or mediation. Or, in some cases, it may make more sense to submit the issues to the court to decide. To learn more about these issues, please visit the divorce overview section of our website.