Divorce is never simple, especially when it comes to dividing assets. It gets even more complicated when the assets are digital. If you’re wondering what happens to digital assets during a divorce, this guide will provide clarity.
- Create a Complete Inventory: Compiling a list of all your assets owned by you and your spouse with an estimated value of each of the assets can help you to facilitate the division process.
- Disclose All Assets: Honesty is key in divorce. It’s important that you disclose all digital assets to your spouse, their attorney, and the court. Undisclosed assets discovered later on can cause a lot of problems.
- Gather Documentation: Preserve records of ownership, financial statements, and any transactions related to digital assets.
- Get Professional Assistance: Work with professionals who understand digital assets and how to divide them fairly in a divorce. Professionals can help to provide insight and protect your interests.
Let me be your financial advocate as you navigate the divorce process. I can help you with your divorce settlement, asset division, and create a financial plan for your future. As a Certified Divorce Financial Analyst, CDFA® and a woman myself, I can help you avoid costly mistakes and educate you on current and future budgets, provide a financial road map, and help you understand what assets you have, what you spend, where you spend it, and more.
You don’t have to go through this alone.
Contact me today at 716-800-4290 to schedule your first appointment.
