Carolann M. Aschoff, P.C.

Divorce financial specialists and the divorce process

A divorce specialist may be helpful to some couples or individuals in New Jersey. This is a professional who has a background in areas specific to divorce, such as how to divide complex investments and the details associated with closely held business interests or private equity holdings. This knowledge can complement that of other professionals, such as an attorney and a financial advisor.

With couples, a divorce financial specialist can help during mediation or a collaborative divorce. One way a divorce financial specialist can be particularly helpful is in helping a couple determine how they should divide the home, one of the most difficult issues in a divorce. If a couple is unable to reach an agreement on a settlement, a divorce financial specialist can give expert testimony if necessary, discussing such topics as business valuation and forensic accounting.

Divorce can have a significant effect on a person's finances, and a divorce financial specialist can help people determine the repercussions of various settlement options on their finances over the long term. They can also help with issues that arise once the divorce is final. This includes the actual process of dividing assets, rebuilding wealth and tracking childcare expenses.

A person who is going through a high-asset divorce may have a number of complicated assets to divide. When assessing the value of those assets, it is important to account for any taxes or other costs that could be associated with them. In New Jersey, assets are supposed to be divided equitably, which means they are supposed to be split fairly but not necessarily equally. Couples who are able to negotiate an agreement instead of going to court might want an arrangement in which each of them keeps certain assets instead of trying to divide all their property.

No Comments

Leave a comment
Comment Information

Honors and Memberships

Begin Your Consultation Today

For your convenience, we maintain locations in Jersey City, West Caldwell and Bayonne. For more information or to schedule an appointment with an experienced lawyer, email us or call 201-793-7739 or 973-200-4892.

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Contact Us

3279 John F. Kennedy Blvd.
Jersey City, NJ 07306

Phone: 201-793-7739
Fax: 201-653-8030
Jersey City Law Office Map

503 John F. Kennedy Blvd.
Bayonne, NJ 07002

Phone: 201-793-7739
Fax: 201-653-8030
Map & Directions

1061 Bloomfield Ave.
West Caldwell, NJ 07006

Phone: 973-200-4892
Fax: 201-653-8030
Map & Directions