There are many things to consider when preparing to end a marriage in New Jersey, especially if there are abundant assets involved. In any divorce, both parties may experience a range of emotions, and in high-asset situations, there is often contention that can make it difficult to negotiate a settlement that is equitable for both parties. Anyone with a lot of assets to consider can benefit from a better understanding of high-asset divorce.
High-asset divorce can be contentious
Money and valuable property, like real estate and other assets, can cause people to act in ways that they wouldn’t under other circumstances. In the case of a high-asset divorce involving celebrities and others, it’s understandable that both parties want their fair share. In the case of Food Network star, Valerie Bertinelli, her husband is asking for spousal support among other requests. This is not uncommon in high-asset divorces, especially when one party earns significantly more than the other.
In celebrity divorces and other high-asset marital dissolutions, there is much to negotiate. This not only includes spousal support in many cases, but may also include child support, division of tangible properties, and dealing with investments and assets that must be liquidated and divided between the parties. If a prenuptial agreement was signed, that will also be considered during divorce proceedings, and unless it was unlawful, the court will usually follow the terms in the agreement.
Legal assistance is important
In any divorce, it’s important to seek legal advice from an experienced family law attorney. When high assets are involved, it’s crucial for New Jersey residents to understand how to navigate the divorce process legally and to their best interests. Divorce is never easy but knowing that one has sound legal advice can provide peace of mind during a difficult situation.