High Net-Worth Divorce

High net-worth divorces involve many intricate legal and financial issues. Because so much is at stake financially, the proceedings are often highly contested and lengthy. It is important, therefore, that high net-worth divorces be handled in such a way as to avoid unnecessary legal fees and to achieve the most efficient and reasonable result.

The attorneys at Rotolo Karch Law can help you handle your high net-worth divorce.

Super Lawyers Badge

Victor A. Rotolo has been included on the List of New Jersey Super Lawyers in the years 2006, 2007, 2008, 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017 and 2018, marking his thirteenth year of inclusion on this list. The list of New Jersey Super Lawyers is generated by the Thomson Reuters organization which employs the following methodology and set of standards to compile the list each year. Super Lawyers Selection Methodology [No aspect of this advertisement has been approved by the Supreme Court.]

Certified Civil Trial Attorney Badge

Victor A. Rotolo is certified by the Supreme Court of New Jersey as a Civil Trial Attorney.

"A certified attorney is more than just an attorney who specializes in a particular area of law. A New Jersey attorney who is certified by the Supreme Court as a civil trial attorney must have:

  • been a member in good standing of the New Jersey bar for over 5 years
  • demonstrated a substantial level of experience in civil trial law
  • been favorably evaluated by other attorneys and judges familiar with his or her work
  • taken and passed a written examination in civil trial law."

Source: Supreme Court of New Jersey, Board on Attorney Certification, Brochure on Certified Civil Trial Attorney. See Rule 1:39: Specialty Certification of Attorneys.

As with any divorce, the process itself triggers feelings of guilt and anger. These emotions can get in the way of making reasonable decisions that are in the best interests of both spouses. Too often spouses agree to unsound financial decisions either out of guilt or because there is an urgency to finalize the divorce. High net-worth divorces can include more complex variables than other divorces and, as a result, carry a higher potential for mistakes.

Division of Assets

Division of property in a high net-worth divorce can greatly impact the value of each spouse’s future personal wealth. Consequently, it is critical to take inventory of all you own, jointly as well as individually, and to conduct a thorough investigation into all assets prior to the divorce.

New Jersey is an “equitable distribution” state, meaning that marital property is divided in a fair, although not necessarily equal manner. Marital property is defined as those assets acquired, either jointly or separately, during the marriage as well as those individual assets that were brought to the marriage and converted to marital property.

Common Mistakes in a High Net-Worth Divorce

A common mistake made in high net-worth divorces is not properly identifying all assets and liabilities. Couples seeking divorce are required by law to complete a financial affidavit and provide certain documentation regarding their finances. This information must be accurate, current and comprehensive; otherwise, spouses could end up accepting liabilities they are not responsible for or giving away assets that are rightfully theirs.

Because assets can be hidden in a multitude of ways, a financial affidavit may not be sufficient in a high net-worth divorce. Further investigation may be required to uncover hidden assets. However, it is important to remember that, despite best efforts, some assets may never be uncovered. A balance between the perceived value of those assets and the costs of an investigation must be weighed carefully.

Another costly mistake is failing to consider tax consequences. Investment accounts, for example, are taxed on their cost basis, which can be different for each spouse. Taxes may also affect spousal support payments when couples fail to consider their after-tax income.

The High Net-Worth Divorce Team

High net-worth divorces raise complicated, emotional issues that require a sophisticated approach. When seeking professional guidance, it is important to look for an experienced divorce attorney committed to helping you obtain a secure financial future. You need a divorce attorney who has access to the service of a team of professionals, including financial analysts and forensic accountants. Rotolo Karch Law attorneys have an aggregate of more than 120 years’ experience litigating various legal issues including divorce, property distribution, child custody, child visitation, child support, and alimony. Call today for a free initial half-hour consultation.

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Client Reviews
★★★★★

The absolute BEST!!! I have a family of attorneys but needed someone local. Victor was recommended to me and words cannot describe how pleased I was with his firm. The outstanding service and attention each member of his staff gave to me surpassed any and all expectations. Victor surrounds himself with a hardworking team that he leads. I felt it was money spent wisely. I will continue to recommend Victor and his associates.

★★★★★

Mr. Rotolo has helped me numerous times in legal matters and has continued to support and help me through countless hardships. He is dedicated to providing the best service and is a true professional. I will continue to consult with him regarding any legal issues in the future. He is a respectable, hardworking, kind hearted man and I would recommend his legal services to anyone.

- Matthew
★★★★★

I am an attorney and have practiced law for 26 years. I hired Vic to handle a very difficult family matter because I do not handle family law. Vic was extremely competent and obtained a result far beyond my expectations. Without his counsel my son's and family's life would have been changed forever. Thank you Vic for your good lawyering. I very much appreciate the personal attention and time dedicated to this matter. I highly recommend Vic.

- Anthony
★★★★★

We recently had a situation where we needed to hire an attorney. We selected Rotolo Law Firm and I can honestly say that we were above and beyond satisfied with Vic and his team. We would absolutely recommend this firm to anyone should the need arise. We blindly picked the firm out of the phone book because I liked his ad. Now I believe that God was pointing us in the right direction. Thank you Vic and the Rotolo Law Firm for being there for us in our time of need.

- Kim
★★★★★

Victor's expertise, due diligence, and empathy for his client made my first experience with the law (and last) a non-stressful one. Before the case, I did my research and looked over about 20 lawyers before choosing Victor. All my sources pointed to him as the best and they weren't off even a bit. Victor treated my case like it was his own and kept me up to date with all my appointments, breakthroughs in the case, and guided me step through step in a process that I never thought that I had to come to endure. If Victor's not available Susy will go out of her way to take care you. The productivity and efficiency in that office is second to none. Thank you Victor!

- Michael