65 Madison Ave · Suite 420 · Morristown, NJ · 07960

¡Attention TAC People!

Press 'p' on your keyboard to make this palette go away.

Max width: 1200px
Color Hex R G B
Blue from Logo#003d65 0 61 101
Darker Blue#021020 2 16 32
Red from Logo#780500 120 5 0
Darker Red#400000 64 0 0
Gray from Modern Firm Site#f3f2ed 243 242 237
Bright, Light Blue#ccebff 204 235 255
Form Input Background Blue#accfe6 172 207 230
Slightly Darker Blue#002e4d 0 46 77
Slightly Darker Gray#e6e5e0 0 46 77
Darker Gray#cccbc7 0 46 77
Lighter Logo Blue#005c99 204 235 255
Login Link Blue#598fb3 89 143 179
Slighty Lighter Red#99150f 153 21 15
Slighty Darker Gray#b3b2ae 179 178 174
Hunter Green#013b23 1 59 35
Lighter Green #025935 ? ? ?
Beige Charcoal #1f1e1e ? ? ?
"Metallic Gold" #D4AF37 ? ? ?
"Darker Green" #012e1b ? ? ?

High Net Worth Divorces Are More Complicated Than Most

Getting a divorce in New Jersey is more complicated for those with a high net worth. Often, the more assets couples have, the more complex the asset division will be.

Financial advisors report that property division in a high net worth divorce often involves assets that are difficult to separate. Divorcing couples sometimes have to find a creative solution to keep the situation fair for both parties. One example of this is with a business interest. A judge may order that a family business go to one spouse who would pay the other spouse a sum of money over time. Because it can be difficult to determine the value of such a business and divide its worth evenly, one advisor came up with a solution and instead determined the number of shares each spouse should receive.

Something else for divorcing parties to consider is the issue of moving assets in a divorce to hide them. Such moves are often not obvious. One party may give a friend or family member an interest-free loan for a while. They may also have friends and family members make purchases for them to hide how much they are actually worth financially.

Any time a couple with large assets goes through a divorce, it is wise to consult advisors who have worked with high net worth divorces before. They can help the couple find creative solutions for their complex assets. Also, a spouse who thinks the other spouse may be trying to cover up some of their assets may want to speak with a family law attorney. They may help get all the assets out on the table so that a fair settlement can be reached.

Source: Financial Planning, “Finding Hidden Assets: Digging Deep in HNW Divorce“, Andrew Pavia, March 24, 2014

Begin Your Conversation

  • Disclaimer: Contacting our firm via the internet does not create an attorney-client relationship. Please do not send any confidential information through this form.

Contact Our Morris County Office

866-957-2982

973-828-0829

Morristown / Morris County Law Office

65 Madison Ave

Suite 420

Morristown, NJ 07960

Morris County Mediation Office Map