In a world where family dynamics are constantly evolving, ensuring that your assets remain protected during life’s most significant transitions is paramount. Eric Solotoff, the chair of the Family Law Department at Fox Rothschild LLP, understands the complexities of family law and the critical importance of asset protection. With nearly 33 years of experience, Solotoff has become a trusted advisor, particularly in high-net-worth and high-conflict cases. Based in New Jersey but with a nationwide practice, Solotoff and his team are known for guiding clients through both contentious and collaborative family law matters.
Solotoff’s journey into family law was somewhat unexpected. Initially, he had planned to enter the world of bankruptcy law, but after a fellowship at law school, he found himself drawn more to family law. “I didn’t think I was going to be a litigator or involved in family law,” he explains. “But I discovered I had a passion for it.” His personal background also likely contributed to this shift in focus. Solotoff’s parents divorced when he was very young, and like many of his clients, he had witnessed firsthand the challenges of family separation.
This combination of personal experience and professional expertise has shaped his approach to family law. He’s particularly skilled at navigating complicated situations involving high-net-worth individuals and businesses, as well as difficult custody disputes.
One of the most valuable services Solotoff offers is helping clients protect their assets before they enter into marriage, particularly through prenuptial agreements. While not every couple requires a prenuptial agreement, it’s worth considering for individuals with significant assets, such as family businesses or trusts. A prenuptial agreement can help protect those assets and provide clarity on financial matters.
For individuals entering new marriages, or those with children from previous relationships, a prenuptial agreement can ensure that existing assets are protected and that children from prior marriages are considered. It offers peace of mind, knowing personal wealth is safeguarded.
“Prenuptial agreements are a smart choice for individuals with important assets they want to protect,” says Solotoff. However, for younger couples just beginning their financial journey, he advises against rushing into a prenup as their financial future may still be developing.
Without a prenuptial agreement, it can be more difficult to protect certain assets, such as a premarital business. Any property acquired during marriage is considered marital property, and it’s important to have clear terms from the start.
Solotoff emphasizes transparency when navigating asset protection. “Being open about finances is key,” he notes. “Clear communication can help prevent future complications.”
When navigating the complexities of family law, Solotoff’s approach combines a deep understanding of legal intricacies with a compassionate understanding of the human side of family troubles. As he continues to guide his clients through the often tumultuous waters of family law, his focus remains on providing clear, realistic advice that empowers individuals to protect their futures, whether they are entering marriage or moving on.
For more information, visit Eric Solotoff and Fox Rothschild LLP at foxrothschild.com.
Eric S. Solotoff - Partner
Email: esolotoff@foxrothschild.com
Phone: 973.994.7501
Website: foxrothschild.com/eric-s-solotoff