What Is Considered a High-Net-Worth Divorce in New Jersey?

What Makes a Divorce ‘High-Net-Worth’ in New Jersey?

Not all divorces are created equal. When a marriage involves significant assets, complex finances, or business ownership, it falls into a different legal category: a high-net-worth divorce.

In New Jersey, these cases require specialized legal strategy and financial insight. At Simon Law Group, LLC, we regularly represent high-net-worth individuals and those married to them in navigating complex divorces with discretion, precision, and strong advocacy.

Defining a High-Net-Worth Divorce

While there is no strict dollar amount that legally defines a “high-net-worth divorce,” these cases typically involve one or more of the following:

• Combined marital assets exceeding $1 million
• Ownership of a business or professional practice
• Multiple real estate holdings (primary residence, vacation homes, rental properties)
• Large investment or retirement portfolios
• Complex compensation packages (bonuses, stock options, RSUs, deferred compensation)
• Trusts, inheritances, or family wealth
• Luxury items such as yachts, high-end vehicles, artwork, or jewelry collections

When these types of assets are at stake, the stakes are higher both financially and emotionally.

What Makes High-Net-Worth Divorce More Complex?

Divorces involving significant wealth are more than just “bigger numbers.” They raise complex issues related to:

• Valuation of Assets

Before anything can be divided, it must be properly valued. This often requires forensic accountants, appraisers, and valuation experts to assess businesses, investments, or real estate.

• Asset Tracing

If wealth was accumulated before marriage or through inheritance, it may be considered separate property, but only if properly traced and not commingled. Proving this can be difficult without expert analysis.

• Tax Implications

Selling or dividing high-value assets can result in substantial tax consequences. Strategic planning is essential to avoid unnecessary financial losses.

• Privacy Concerns

Public court records may expose sensitive financial details. High-net-worth individuals often seek private resolutions through confidential settlement conferences or mediation.

• Spousal Support and Lifestyle Analysis

In many cases, one spouse has significantly higher income. Determining fair spousal support involves evaluating lifestyle expenses, future earning potential, and more.

Equitable Distribution in New Jersey

New Jersey is an equitable distribution state, meaning marital assets are divided fairly, but not always 50/50. Factors such as the length of the marriage, each spouse’s financial contributions, and future needs all play a role.

This flexibility allows for creative solutions but also means that experienced legal counsel is essential to protect your interests and secure a fair result.

Mistakes to Avoid in High-Net-Worth Divorces

If you’re facing a divorce involving significant assets, beware of these common mistakes:

• Trying to hide or undervalue assets (which can backfire legally and financially)
• Failing to hire the right professionals (attorneys, financial advisors, forensic experts)
• Rushing into a settlement without understanding the long-term impact
• Not updating estate plans or business ownership agreements during the process

How Simon Law Group LLC Helps

At Simon Law Group, we understand that high-net-worth clients need more than basic representation; they need a team that is strategic, discreet, and detail-oriented.

Our attorneys work with a trusted network of accountants, appraisers, and valuation experts to ensure your financial picture is fully understood and protected.

Whether you’re a business owner, investor, or the spouse of a high-income earner, we’ll help you navigate divorce with clarity, discretion, and strength.

Talk to an Experienced High-Net-Worth Divorce Attorney in New Jersey

You’ve worked hard to build your life - don’t let a divorce unravel it. If you’re contemplating or going through a high-net-worth divorce in New Jersey, contact Simon Law Group, LLC for a confidential consultation.

We serve clients throughout Somerset, Hunterdon, Mercer, Morris, Middlesex, and Warren Counties, and beyond.

Call us today 800-709-1131 or you can text us at 908-864-4450 or reach out online to schedule a meeting with a trusted legal advocate who understands what’s at stake.