High-Asset & High Net Worth Divorce

Basking Ridge High-Asset Divorce Lawyer

Trusted High-Asset Divorce Lawyer Serving Somerset County

Divorce is rarely easy on anyone, regardless of their income level. However, couples who have larger asset portfolios often face unique, and nuanced legal and financial issues. They are likely to be best served by working with an attorney who has the knowledge level necessary to understand all these issues, the experience to know how to work through the legal system in New Jersey, and access to a network that includes expert witnesses when necessary.

Gary Blaustein, Attorney has served the people of Bedminster County and Somerset County since 1985. When you need a divorce lawyer for a high-asset case, reach out to his Basking Ridge office.

Call (908) 212-9630 or contact him online today for a free consultation.

Understanding Common Challenges in High-Asset Divorce

On the surface, the issues in a divorce settlement are the same. There has to be a division of property and decisions made on spousal support, child custody, and child support. When the divorcing couple has a high net worth though, these seemingly straightforward issues can become more convoluted.

Here are just a few of the challenges that high-asset couples are more likely to face in their divorce proceeding:

Challenges of Complex Asset Valuation in Divorce

High-net-worth individuals usually possess a diverse portfolio of assets, including businesses, real estate investments across different jurisdictions, stocks, bonds, and potentially valuable collections (art, wine, classic cars, etc.). Accurately valuing these various assets can be challenging.

Hidden Assets

In an attempt to secure a more favorable settlement, one party might try to hide assets. This could involve offshore accounts, shell companies, or investments not disclosed during the marriage. Unearthing these assets often requires forensic accounting and can significantly complicate the divorce process.

Tax Implications

The distribution of assets in a high-net-worth divorce can have substantial tax implications, affecting both parties’ future financial health. It’s necessary for your lawyer to understand and plan for potential tax liabilities associated with asset division, support payments, and property transfers.

Business Ownership

High-net-worth divorces often involve businesses that need to be valued and divided. Determining a fair value for a business, considering its future growth potential, and weighing the non-monetary contributions of each spouse adds another layer of complexity. What’s more, there’s the challenge of dividing the business without disrupting its operations.

Child Support and Alimony

Determining appropriate spousal and child support levels can be more complicated in high-net-worth divorces. Standard formulas may not apply, and the lifestyle to which the family has become accustomed will likely have a significant influence on the amounts awarded.

Prenuptial Agreement Disputes

Prenuptial agreements are more common among high-net-worth individuals, and the validity and interpretation of these agreements often become contentious issues during a divorce. Litigating these disputes could prolong the divorce proceedings.

Privacy Concerns

High-net-worth divorces sometimes involve public figures, be they celebrities or prominent people in the community. The publicity surrounding these divorces can lead to reputational concerns, affecting personal lives and business interests. Managing the divorce discreetly, while still doing thorough work, is an important job of a high net-worth divorce lawyer in Basking Ridge.

All of these challenges demand a comprehensive understanding of the law, finance, taxation, and the art of negotiation.

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"The Real Deal"
Gary is the real deal, a complete lawyer. He's that rarity - personable, empathetic, engaging, trustworthy, and he knows his field.

- Larry F.
"Very Helpful and Efficient"
Gary is always very helpful and efficient. He has helped numerous family members with professionalism and kindness.

- Celeste J.
"Compassionate and Supportive"
He treated me like a person, not just another client. He is knowledgeable, fair, compassionate, and supportive.

- Former Client
"Succeeded Thanks to Gary"
My divorce case was extremely difficult, but because of Gary’s experience and knowledge of law, we succeeded!

- Kaz K.
"A Reliable Advocate"
Gary tries to remove the emotion from both sides. His answers were always straightforward and honest.

- Former Client
"Fair and Trustworthy"
Their support and knowledge made a very difficult transition less anxious because I at least knew I had representation that truly cared.

- Pamela A.
"Outstanding Lawyer"
Gary Blaustein is an outstanding lawyer. He will go above and beyond... he cares, and that's pretty rare to come by.

- Adam S.
"Brilliant Negotiation Skills"
Gary Blaustein is an exceptional professional. He's easy to work with, with brilliant negotiation skills and a great personality.

- Marina W.

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Your Family's Ally in the Legal System

Here's What Sets Attorney Gary Blaustein Apart

High-Conflict Cases

Attorney Blaustein excels at navigating the legal system for complicated family matters; your resolution is top priority.
Personalized Strategy

Your strategy is as unique as your case, and Attorney Blaustein will leave no stone unturned in pursuit of what's best for your family.
40 Years of Experience

With experience across the board in the legal field, Attorney Blaustein has a long track record of winning for clients like you.
Staying A Step Ahead

As a skilled litigator with decades in the courtroom, Attorney Blaustein is prepared for any direction your case may take.

The Role of Expert Witness Testimony in High-Net-Worth Divorce

In high-net-worth divorce cases, the role of expert witness testimony could be pivotal in achieving a fair and equitable settlement. These witnesses bring a level of understanding and objectivity that can be valuable in settling disputes over asset division.

Forensic accountants, appraisers, and financial analysts can dissect portfolios, trace hidden assets, and evaluate the worth of private business interests with a precision that goes beyond the expertise of what the legal system can typically do.

Beyond asset valuation, expert witnesses in high-net-worth divorces can also offer critical insights into more nuanced aspects of the case, such as the tax implications of various settlement options, the future earning potential of unique assets, or the economic impact of custodial arrangements on children’s welfare.

These witness testimonies can help the court understand the long-term consequences of different division scenarios, allowing for decisions to be made with a comprehensive view of each party’s financial future.

Ultimately, the credibility and persuasiveness of expert witnesses might significantly influence the outcome of high-net-worth divorce proceedings. In many cases, the decision-making process may hinge on the expert’s ability to present complex financial information in a manner that is both comprehensible and compelling to a judge or mediator. Whether through written reports or oral testimonies, their professional reputation and the clarity of their insights can sway negotiations, encourage settlements, and ultimately, affect the equitable distribution of assets.

When you have nearly four decades of experience, like Gary Blaustein, Attorney does, you get networked with some highly capable people. Depending on the circumstances of your case and what you need, he’ll work to bring in outside testimony aimed at strengthening your case.

Call (908) 212-9630 today.

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Over 40 Years of Fighting for Families

Schedule a consultation with Attorney Gary Blaustein today.

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Attorney Gary Blaustein Meet Your Advocate

Read more about Attorney Gary Blaustein's established history of representing family law clients.

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