Regardless of the length of a New Jersey marriage, there will most likely be property to divide in any subsequent divorce proceedings. For those with significant assets, the process of dividing property can be particularly complex and is typically referred to as a high-asset divorce. Because of all that may be at stake, it is important to understand the distinction between premarital and marital property and how marital are typically handled in divorce proceedings.
Divorce is not usually easy for any couple. However, couples who are in the midst of a high-asset divorce may find the process more complex than their less-wealthy counterparts. New Jersey couples who are considering filing for a divorce and who own multiple properties, valuable collections or who share businesses may need to give extra thought to their divorces.