It is no secret that the idea of preparing to divide assets and wealth can be one of the most daunting aspects of dissolving a marriage. Knowing how to identify and value all types of marital wealth can prove vital to protecting your interests through every step of this process, but things might not always be so simple.
Digital assets are an example of types of marital wealth that can be difficult to identify, and even more challenging to value. Seeking advice in addressing the topic of digital assets could prove integral to understanding what is at stake and helping you prepare to make informed choices about your situation.
Common examples
There are various types of digital assets that could play a significant role during a similar life change. Some prevalent examples of such assets could include:
- Photos and videos: Photo and video albums stored via online sources are common examples of digital assets that could be a factor in a divorce, and such items could hold significant sentimental value.
- Music and books: You and your soon-to-be former spouse may also own substantial digital music or book collections, and the topic of who retains possession of such items could be a point of contention.
- Manuscripts and art: Manuscripts for books or illustrations and artwork can also be forms of digital assets, and seeking advice on ways to protect such items may also prove imperative.
- Digital currencies: Digital currencies are another prevalent type of digital assets. Similar types of currencies could include anything from bitcoin currencies to nonfungible tokens.
Even social media accounts and online content may constitute digital assets, and including these items in your strategy could prove essential to preserving your interests during the end of your marriage.
Addressing your options
Digital assets can take on a variety of forms, and it might not always be easy to know how best to approach similar topics when preparing to dissolve a marriage. Since knowing how to identify your digital assets might prove somewhat complex, it could be helpful to seek insight on preparing to navigate this aspect of the process. In doing so, you could obtain much-needed advice on every vital factor to consider while creating a strategy that focuses on protecting your goals and needs for your future in Colorado.