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Addressing digital assets when preparing to dissolve a marriage

On Behalf of | Sep 8, 2022 | Divorce

If you and your spouse choose to take separate paths, there may be a multitude of essential factors to consider when preparing to protect your future. While a portion of your focus may rest in preparing a strategy for the process of property division, untangling marital assets and wealth can prove somewhat complex at times. 

One of the most intimidating aspects of this process may involve identifying and obtaining the proper value of all marital assets. Since this could also include various types of digital possessions, knowing your options and the role such assets might play in the process may be vital to creating a strategy that aligns with your wishes and needs. 

Examples of digital assets 

It might not be uncommon for married couples in Colorado to accumulate a significant portion of digital assets over the course of a marriage, and some examples of such assets may include the following: 

  • Rewards points: There may be a multitude of companies that offer rewards programs to valued credit card users and customers. Points accrued via similar means could prove extensive in nature. 
  • Digital currencies: Digital currencies also continue to grow in popularity, and while such assets may play a significant role in negotiations, their values may be subject to constant change. 
  • Art and music collections: Virtual art and digital music collections are two more examples of virtual assets that you might accumulate over time, and such possessions may also hold substantial sentimental value. 
  • Flight points: Those who enjoy traveling may also accumulate vast amounts of frequent flier miles, and similar types of digital assets may also constitute as marital possessions. 

Although obtaining the proper value of digital possessions could prove challenging at times, it may also be integral to helping you understand what is at stake and prepare a strategy for what comes next that focuses on your needs. 

Marital assets 

Digital assets can take on various forms, and similar types of marital possessions could play a significant role in the outcome of the end of your marriage. Seeking advice on how to identify and properly value all marital assets may help place you in a better position in which to evaluate your options and make decisions that best align with your interests. Such a decision may play a vital role in helping you prepare to seek the most favorable outcome achievable regarding your future during legal proceedings.