Lawyers for Hackensack, Hackensack, New Jersey High Net Worth Divorce Cases

1. Lawyers for Hackensack, Hackensack, New Jersey High Net Worth DivorceCases Ending your marriage is already a difficult, emotionally charged process, but it can be even more complicated in the case of a high net worth divorce. When you and your spouse have accumulated considerable assets in both real estate and personal property, it can be challenging to work out a fair asset division as required by Hackensack, New Jersey divorce laws. Plus, there are complex legal rules regarding spousal support, otherwise known as alimony. Unless you have a knowledgeable, skilled attorney on your side, you put your legal rights at risk. Our lawyersat Giro Attorneys at Law, LLC are the experienced, committed counsel you need to aggressively protect your interests in a Hackensack, New Jersey high net worth divorce. We have been serving clients in Bergen County, NJ and the surrounding region for decades, so you can feel confident that you are putting your divorce case in goodhands. Serving You in Complex Asset Division and Spousal SupportMatters Under Hackensack, New Jersey law, it is first necessary to categorize property into marital and non-marital before dividing assets between divorcing spouses. Generally, all assets acquired during the marriage are marital, and items obtained beforehand are separate property. The statute on asset division rules require an equitable distribution, which may not be an equal, 50-50split. In addition, a court will review the appropriateness and amount of spousal supportto which one spouse may be entitled. Generally alimony is intended to provide for a lower earning spouse, so that he or she can enjoy the same standard of living as existed during the marriage. Factors that Impact Asset Division and Alimony in High Net WorthDivorce There are a number of factors a court reviews when determining equitable asset division and spousal support in any divorce, but the stakes are higher in a high net worthdivorce.

2. Though these are separate issues, many of the considerations overlap. Theyinclude: Prenuptial agreements, the validity of which may be a major dispute in a high asset divorce; Considerations related to each party’s current and future earning capacity, such as age, physical and emotional health, education, experience, and length of time out of the job market; Factors regarding the marriage, including whether one spouse gave up job opportunities to contribute to the household; The standard of living and present value of all property, considerations which arehotly disputed in high net worth divorcecases; Which spouse has custody of minor children, if any; and, Other factors designated by law. Note that marital misconduct is generally not a consideration when determining spousal support and asset division; however, a judge may base an order for property or alimony upon one spouse’s actions in wasting maritalassets.