When you are a high profile athlete, entertainer, or entrepreneur about to have a high net worth or an ultra high net worth divorce, there are a number of essentials that you need to consider. These include:
- protecting your ‘brand’,
- protecting your privacy,
- protecting your rights and assets.
Our divorce experts can help you with this.
Protecting Your Privacy in Ultra High Net Worth Divorce
Many ultra high net worth individuals gained their wealth through participation in high profile careers. If you are a top ranked athlete, a popular entertainer, a high-flying entrepreneur, a politician, or simply an extremely successful professional, you probably share certain common concerns in divorce. In addition to protecting your assets and your income-stream, you will also need to protect your privacy. Unless you plan ahead and exercise caution, there is a risk that a divorce might destroy your reputation and subject your whole family to unwelcome public scrutiny. Your ‘brand’ is fragile and we have ways of helping you keep your divorce details out of the public eye. We have significant experience in handling high net worth divorce cases for high profile celebrities and public figures, and can help you with your situation.
Using Alternative Dispute Resolution to Stay Out of Court
If you and your spouse have significant disputes and are not able to reach agreement even after attorney-assisted negotiations, you may still be able to achieve an out-of-court divorce by participating in an ADR process. ADR processes permit parties to choose someone other than a judge to help them reach decisions on some or all aspects of their case. They are streamlined to bypass congested court calendars, often conserving both time and funds. Parties willing to collaborate can often achieve settlement through an ADR process in even the most financially complicated divorces. When necessary, your attorneys can help you choose joint or separate experts to help with your complex issues. These may include financial advisors, forensic accountants, business valuators, real estate or personal property appraisers, pension appraisers or actuaries, vocational experts, or child specialists.
The following are the most commonly used ADR processes in New Jersey Divorce: