Some New Jersey residents may have found themselves fortunate enough to amass considerable amounts of wealth in their lifetimes. Though being financially secure can be a comfortable feeling, substantial amounts of money and assets could potentially complicate the...
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High Asset Divorce
Information on alimony may interest New Jersey residents
When New Jersey residents go through divorce, determining what assets will remain with which party and how issues of spousal support will be handled can create tension. However, if parties have a prenuptial or postnuptial agreement in place, their division and alimony...
Distribution of property may concern New Jersey residents
When New Jersey residents have a considerable amount of wealth or assets, they may be concerned as to how those assets will be handled in the event of a divorce. Distribution of property can often be a point of contention during divorce proceedings, and individuals...
Prenuptial agreements, divorce could concern New Jersey residents
Because money and assets are not always the most important aspect of a relationship, there are many situations in which a New Jersey resident with considerable wealth may marry someone who is not as wealthy. In such situations, however, it may be prudent for the...
Dividing retirement plans in a divorce
While a person may have invested in and contributed to a 401 (k) plan without the aid of a spouse, the spouse may still be entitled to a portion of 401 (k) assets when a divorce occurs. New Jersey is an equitable distribution state, which means each party in the...
3 big mistakes wealthy divorcees make
Few New Jersey couples go into a marriage expecting that it will end in divorce. While a prenuptial agreement can be made to protect both parties in the event that a divorce does occur, not everyone has the foresight or time to take this step. If such an agreement was...
Asset division becomes more complicated in high asset marriages
New Jersey residents may have heard about Michael Moore's high-profile divorce case with his wife of 23 years. The couple is due in court in July to start reviewing business assets and marital property. According to reports, they currently have several million dollars...
Dividing property in a high-asset divorce
Divorce is a trying procedure emotionally. In many instances, tensions run very high between divorcing couples, and while mediation is the recommended method for an amiable split, sometimes it is simply not feasible. If a divorce proceeding should become contentious,...
Prenuptial agreement offers protection in high-asset divorce
It can be easy to assume that wealthy people have it easier than others. Some may even believe that rich people are above the law, or that they can receive special treatment based on the size of their bank account. Of course, this is not the case: Nobody is above the...
Money mistakes to avoid in high-asset divorce cases
One of the reasons why divorce settlements can be messy is because of the properties and assets involved. In general, those that you have accumulated during the marriage are considered marital assets that should be equally divided, while those that were there even...