Although many divorces in New Jersey and elsewhere focus on similar issues and challenges, some obvious differences arise in decouplings featuring high wealth levels.
As we note on our website at the established Somerville Law Office of Rajeh A. Saadeh, “for high earners or married couples with complex estates, there is much more at stake.”
Family law processes provide myriad routes for settling marital differences and reaching negotiated settlements in divorce. Litigation is one obvious vehicle often employed to get battling couples to the legal finish line in their marriage.
That divorce route is comparatively adversarial, of course, and more commonly invoked in cases where assets are outsized, varied and not precisely identified or valued. Assets with questions attached also often escape immediate designation as separate or marital property
A prototype of such a dissolution might reasonably spotlight assets that cut across many dimensions. Those can range from multiple real estate holdings, a family business and various company perks for one spouse to valuable heirlooms, foreign holdings and additional property.
A recent Forbes article on divorce and asset division notes a divorcing couple’s increased likelihood to pursue a litigated outcome when they are “looking down the barrel of a high-asset divorce.”
That route in not inevitable, though. We stress the close role our proven family law advocacy plays in trial-directed divorce litigation, but we also note that our firm often “helps high net worth clients reach amicable and efficient settlements out of court.”
Mediation often promotes such amicability and a divorce outcome that is deemed largely satisfactory to both parties. Forbes readily acknowledges this sometimes beneficial litigation alternative process, and proven divorce counsel will always raise its possibility with valued clients that it might optimally benefit.
We welcome contacts to our firm concerning any aspect of high-asset divorce and the strategies for pursuing it that best promote the interests of involved parties.