Skip to main content
(866) 465-5395 Schedule a Consultation (866) 465-5395 Schedule a Consultation

High-Asset Property Division: Does “Equitable” Mean “Equal?”

| |

In any Pennsylvania or New Jersey divorce that is prominently marked by significant assets, the affected parties will understandably have material concerns regarding the ultimate distribution of so-called “marital property.”

That term connotes both assets and debt obligations that a married couple in either state acquired during their marriage (as distinguished from nonmarital assets; we will address and clarify the distinction in a future post). Marital property in both states is subject to equitable distribution in a divorce outcome.

Many readers of our legal blog might reasonably harbor some questions and concerns regarding how “equitable” will play out in a given dissolution.

What exactly does it mean from a legal perspective?

As we point out on a website page devoted to divorce-related property distribution at the family law firm of Petrelli Previtera, LLC, it “does not mean a 50-50 split of all marital assets.”

Rather, the judicial emphasis on equitable asset division is centrally on overall fairness, which is heavily fact-specific and dependent on unique factors in every divorce.

Although an equitable outcome is of course fundamentally important to any divorcing party, defining it and securing the requisite fairness can be comparatively complex in the case of a high-net-worth divorce.

We note that reality as well on our site, pointing out that asset protection often “becomes a significant part of the divorce process” where myriad high-value assets are involved.

And that is because the property mix in a high-asset divorce is often multi-sourced and not immediately apparent in a comprehensive way. Wealth can reside in multiple investment vehicles, various realty holdings, professional practices and/or other businesses, high-value art or other memorabilia collections and offshore accounts, with many additional possibilities.

Identifying, accurately valuing, and helping to secure a fair divorce result for a client is the work of a proven high-asset divorce attorney.

The attorneys at Petrelli Previtera, LLC assume that role proudly, delivering passionate, client-empathetic, and results-driven advocacy to a diverse range of clients.

Client Testimonials

They are amazing! I highly recommend anyone that is in need of assistance with child support hearings to seek out the expertise and experience of this law firm and staff! They handled my case quickly and I feel that my money was put to good use. Much appreciated! Nothing less than five stars!

Alana Deverson

I just want to say GREAT JOB! She is a no nonsense professional with years of experience that qualifies her as a skilled Family Law attorney. She is seasoned, sensitive, and most of all she cares. She made things easy for me. Definitely recommend!

Kimberly Colby

Overall I was pleased with the results of my divorce case. The entire Petrelli Previtera team truly cares about their clients. Luckily for me, I was paired up with an amazing team helping all the way. If you happen to work with this firm and with the lawyers you’ll be in great hands. It was such an excellent service and it was beyond I expected.

A Family Law Client Chevy Chase , MD

Serving Clients at the Following Locations

Princeton475 Wall St, Suite 214, Princeton, NJ 08540(609) 917 9560view details
Linwood210 New Road #15 Linwood, NJ 08221(609) 375-0351view details
Parsippany8 Campus Dr, Parsippany, NJ 07054(973) 310-5320view details

schedule a consultation Today

Contact Us Fill out the form or call us today (866) 465-5395
Skip to content