The High Asset and High Net Worth Divorce – By John P. Paone, Jr.
The New Jersey Supreme Court has appointed Mr. Paone over the years to committees relating to the practice of Divorce lawyers new jersey. However, in the High net worth divorce monmouth county, assets may not be so easily discernible. https://goo.gl/bVXPsH
The New Jersey Supreme Court has appointed Mr. Paone over the years to committees relating to the practice of Divorce lawyers new jersey. However, in the High net worth divorce monmouth county, assets may not be so easily discernible. https://goo.gl/bVXPsH
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
At <strong>Paone</strong>, Zaleski & Murray, we have vast experience h<strong>and</strong>ling high asset <strong>and</strong> <strong>High</strong> net<br />
worth divorce monmouth county matters.<br />
A final resolution of issues in your divorce action including but not limited to alimony,<br />
equitable distribution, <strong>and</strong> child support will be determined in part based upon what<br />
assets are in existence <strong>and</strong> how they will be distributed. Too frequently, litigants overlook<br />
the fact finding <strong>and</strong> discovery process wherein a concerted effort must be made to ensure<br />
that all assets have been quantified.<br />
Many assets are readily identifiable such as bank accounts wherein statements are<br />
routinely sent to the home or wherein interest or dividend income is reported on Schedule B<br />
of your personal income tax returns. However, in the high asset <strong>and</strong> Best divorce lawyers<br />
monmouth county, assets may not be so easily discernible.<br />
When a party to a divorce action is self-employed, substantial income from that business<br />
may not always be reported. Personal expenses may be getting satisfied through the
usiness. <strong>The</strong> business may be retaining earnings rather than paying the earnings out to<br />
the business owner.<br />
When a party to a divorce action is an executive at a Fortune 500 or Fortune 100 company<br />
or other large company, they may have an array of different forms of benefits that may not<br />
always be discernible by looking at a pay stub. For example, they may have stock, stock<br />
options, stock units, restricted stock units (RSU’’S), pensions, 401(k), other retirement<br />
plans, flex spending, health savings accounts, <strong>and</strong> they may be eligible for termination<br />
benefits from their employer upon leaving <strong>and</strong> signing bonuses upon becoming employed<br />
by a new company. Sometimes the bonuses or other compensation do not vest immediately,<br />
but rather over a period of years or upon the triggering of certain events.<br />
Even the non-executive can have access to funds such as an inheritance, which while it<br />
may be exempt from equitable distribution, may have the ability of giving a party access to<br />
substantial unearned income. A non-executive can have assets overseas; in non-interest<br />
bearing accounts; in real estate or in other surreptitious vehicles.<br />
Whether you or your spouse is a business owner, an attorney, a medical practitioner, or an<br />
executive level employee, it is critical to have representation by a skilled attorney to make<br />
sure that your interests are protected. Many times it is necessary for that attorney to know<br />
what other professional may be needed to assist in advocating for your rights such as a<br />
forensic accountant, an actuary or benefits evaluator, or tax professional.<br />
At <strong>Paone</strong>, Zaleski & Murray, we take every matter extremely seriously. We will not be<br />
outworked <strong>and</strong> we do not leave any stone unturned.<br />
At <strong>Paone</strong>, Zaleski & Murray, we have the experience <strong>and</strong> the expertise to guide you to a<br />
fair <strong>and</strong> equitable resolution of your <strong>High</strong> net worth divorce monmouth county. To<br />
schedule an initial consultation, please call today at (732) 750-9797 to schedule a time to<br />
meet with one of our three partners who have been Certified by the Supreme Court of New<br />
Jersey as Matrimonial Law Attorneys to discuss your matter in greater detail.
Company Name : <strong>Paone</strong>zaleski<br />
Address : 146 Green Street Woodbridge, NJ 07095<br />
State<br />
: New Jersey<br />
Postal Code / Zip : 7095<br />
Country : USA<br />
Email : admin@paonezaleski.com<br />
Phone(s) : 732-750-9797<br />
Website : http://paonezaleski.com/