What a UK Supreme Court Ruling Can Teach New Jersey Couples About Protecting Assets in Divorce
A recent UK Supreme Court ruling is making international headlines, and for good reason. In the case of Standish v. Standish, the court ruled that roughly £80 million (about $100 million) transferred from a retired UBS banker to his wife during their marriage would not be subject to asset division in their divorce. Why? Because the court found those assets weren’t truly part of the marital pot.
Even though this case happened across the Atlantic, it raises important questions for couples here in New Jersey:
In high net worth divorce with complex assets, what counts as marital property — and what doesn’t? And how do you protect what’s yours?
Let’s break it down.