Somerset County High Net Worth Divorce Attorney
Spouses with significant amounts of assets have a lot on the line, which is why if you are in a high net worth divorce, you must not proceed without a seasoned Somerset County high net worth divorce attorney on your side. Contact Katherine K. Wagner, Attorney At Law today to learn more about how our legal team can effectively guide you through the legal process ahead.
Why Should I Hire a Somerset County High Net Worth Divorce Attorney?
Couples with over $1 million in assets qualify for what is known as a high net worth divorce. This means that you have a lot at stake, which is why hiring an experienced Somerset County family law attorney is in your best interests. Our firm can help fight for your assets, every step of the way.
Common High Net Worth Divorce Issues
High net worth individuals have far more on the line monetarily than those in most standard divorces, on top of all other traditional divorce-related issues, such as child custody, child support, alimony, and more.
Generally, the most complex facet of high net worth divorces is property distribution, as courts will have to determine which property is marital property and which property is separate property, and from there, they will have to divide the marital property equitably between spouses. When it comes to high net worth divorces, some of the assets that may be subject to equitable distribution are as follows:
- Stocks, bonds, and other investments
- Luxury vehicles
- Memorabilia and other high-end collectibles
- Assets held in bank accounts
- Multiple real estate properties, such as the primary marital home and other vacation homes
- Retirement funds and 401(k)s
Ensure that you hire an experienced Somerset County high net worth divorce attorney who can ensure that you first correctly submit all financial information to avoid complications with the IRS, then work to protect your assets at every turn.
Protecting Assets From a Divorce
Fortunately, there are ways to protect your assets from a high net worth divorce. If you are not yet married, you can draft a prenuptial agreement and outline what you wish to happen with certain assets, should you ever get divorced. If you are already married, you can still draft a postnuptial agreement that serves the same purpose. Finally, if you co-own a business with your spouse, you can both draft a shareholder agreement, which can outline each spouse’s interest in the business, should they ever get divorced.
Contact a Somerset County High Net Worth Divorce Attorney
The bottom line is that if you are in a high net worth divorce, you need an attorney who is ready and willing to fight for what’s rightfully yours. Contact Katherine K. Wagner, Attorney At Law today to schedule your initial consultation with our firm.