Every Passaic County divorce is unique and complex. When you share expensive assets with your spouse, it gets even more complicated. At Bastarrika, Soto, Gonzalez & Somohano, L.L.P., in Woodland Park, our experienced team of high-asset divorce attorneys are ready to serve as your steadfast advocates throughout the process.

Our lawyers have a reputation with the Woodland Park community for our results-driven approach. We understand how difficult it can be to trust someone with your most personal details. At Bastarrika, Soto, Gonzalez & Somohano, L.L.P., your privacy is paramount. We uphold the highest standards of confidentiality with every case we work on. Our track record speaks volumes, showcasing our ability to traverse the complexities of a high-asset divorce case with finesse and tenacity.

A Tailored Approach To High-Asset Divorce

High-asset divorce cases are a distinctive legal terrain marked by intricate financial portfolios and substantial marital assets. At Bastarrika, Soto, Gonzalez & Somohano, L.L.P., our attorneys tailor a strategy to address the unique challenges and opportunities accompanying such significant stakes. We safeguard your interests, ensuring a future that reflects your contributions to the marital estate.

Our experienced family law attorneys offer these comprehensive services in high-asset divorce cases:

• Detailed analysis and division of complex assets
• Business valuation and division
• Real estate holdings evaluation
• Retirement and investment account distribution
• Negotiation of alimony and spousal support
• Strategic child custody arrangements

While you navigate a high-asset divorce, the counsel of an experienced attorney is essential to protecting your rights and interests. Our lawyers at Bastarrika, Soto, Gonzalez & Somohano, L.L.P., possess the acumen and insight to protect you and facilitate a transition that allows you to embark on your new chapter with confidence and security.

What Are Considered High-Asset Items?

High-asset items are valuable properties and financial resources. These items include, but are not limited to:

• Real estate holdings
• Luxury vehicles
• Retirement accounts
• Stock options
• Business interests
• High-value collectibles such as artwork, antiques or jewelry

Due to their substantial worth, high-asset items require detailed analysis to help ensure equitable division. These items play a huge part in divorce, especially during property division.

What differentiates a high-asset divorce is the complexity involved in valuing these assets. For example, a joint business or shared investment portfolio could need professional valuation. Sometimes, forensic accounting is necessary to determine an asset’s true worth.

Additionally, issues like distinguishing marital property from separate property, uncovering hidden assets and addressing tax implications make high-asset divorces more challenging. These situations require an experienced high-asset divorce attorney who understands the challenges of high-value financial matters.

At Bastarrika, Soto, Gonzalez & Somohano, L.L.P., our experienced divorce lawyers are well-versed in handling high-asset divorces. We use a meticulous approach to help ensure a comprehensive assessment of all assets in your marital estate.

Whether evaluating business interests or managing the complexities of dividing retirement accounts, we work to protect your financial future. Our goal is to help you retain what is rightfully yours while striving for an equitable and agreeable resolution whenever possible.

We understand that the divorce process can feel overwhelming, especially when valuable assets are at stake. At Bastarrika, Soto, Gonzalez & Somohano, L.L.P., we prioritize your unique goals, offering personalized strategies to help navigate the process. While we cannot guarantee specific outcomes, we are dedicated to providing reliable guidance every step of the way.

If you are facing a high-asset divorce, schedule an initial consultation with our firm to discuss your case. Let our skilled, high-asset divorce attorneys support you in addressing the challenges of property division while safeguarding your interests and helping you move forward confidently.

Signs Of Hidden Assets In Divorce

These signs may indicate your spouse is attempting to conceal assets:

• Sudden emphasis on cash-only transactions: An out-of-the-blue shift to using cash for major transactions is often a red flag. If your spouse insists on paying for items in cash, it might be an attempt to avoid leaving a financial paper trail. Withdrawing large sums of money frequently can also signal potential issues.
• Large gifts of property or stock to loved ones or family: To move assets out of reach, your spouse may transfer valuable property or stock to family members or friends. These can include vacation homes, cars or valuable artwork disguised to avoid detection.
• Business restructures or new company expenses: Business owners involved in high net worth divorces may manipulate their company’s finances. They might restructure the business, introduce new, and unnecessary expenses or understate business income. This can make it difficult to properly value the business. Accounting for all the high-value assets during the divorce process is crucial.
• Unexplained transactions or odd spending habits: Unusual financial activity like unexplained withdrawals, purchases or new debt could mean your spouse is hiding assets.
• Delaying the sharing of financial documents: If your spouse is being evasive or delaying the sharing of financial documents like tax returns, bank statements or property deeds, this may signal an effort to conceal assets. They may also be stalling to avoid revealing hidden wealth or accounts that are difficult to trace.

In this case, having experienced attorneys on your side can positively impact your case’s overall outcome. Our team has extensive experience handling complex issues that arise in high net worth divorces.

We will collaborate with financial investigators so they can uncover hidden assets and help ensure all high-value assets are included in the equitable distribution.

Take The Next Step With Bastarrika, Soto, Gonzalez & Somohano, L.L.P.

When you have complex assets, you need an attorney who understands what is at stake. To learn more about how we can help you, call our Woodland Park office at 973-370-0997 or complete our online contact form to schedule a consultation. Let us help you protect your assets and peace of mind as you move toward a new beginning.