Dividing Digital Assets In A Tampa Divorce
Marital property and asset division is one of the most important issues that need to be resolved when getting a divorce in Tampa. Getting your fair share helps you recover financially in the aftermath, but identifying certain types of assets often proves challenging. This is particularly true with digital assets, which can represent significant amounts of money. Our Tampa divorce lawyer explains common types of digital assets and how to ensure they are divided fairly in any divorce settlements or final orders.
Common Types Of Digital Assets IN Divorce
Despite the amount of time people spend online today, digital assets often get overlooked both when creating an estate plan and when filing for a divorce in Tampa. Some of these concern items that have sentimental value, such as social media accounts, scanned photos, or writings kept in an online journal. However, there are also a large variety of online assets that can be worth significant amounts of money.
One of the most common concerns surrounds digital currency. Many people have invested, and made significant profits, investing in different types of cryptocurrency, such as Bitcoin, Ether, Binance Coin, or the different types of Non-fungible Tokens (NFT). As these accounts are online and password connected, they can be difficult to detect and access. Other common types of digital assets that could have major financial value in divorce include:
- Domain names and websites;
- Monetized blogs and other types of written content;
- Social media reels and video content posted on YouTube;
- Social media followers;
- Seller portals, such as Etsy and eBay.
Getting Your Fair Share Of Digital Assets In Divorce
Under the Florida Statutes, marital property in a divorce must be divided between spouses in an equitable manner. This means that rather than dividing everything evenly, each party gets what is considered a fair share, depending on the circumstances involved. To ensure you get what you are entitled to when it comes to digital assets, follow these tips:
- Be thorough in listing all digital assets in financial disclosures;
- Check your mail, bank statements, and prior year tax returns for help in locating these assets;
- Perform a routine Google search as well, using your spouse’s name and the names of any businesses they may run;
- If you suspect hidden digital assets, let our Tampa divorce lawyers know immediately;
- Consider not only the current value of digital assets but also what they might be worth in the future;
- Detail all of the ways in which you may have contributed to these assets or to accumulating other types of property during your marriage.
Request A Consultation With Our Tampa Divorce Lawyer
At Bubley & Bubley, P.A., we provide the trusted guidance and professional legal representation you need to get your fair share of all property and assets in a divorce, including those that exist online. To request a consultation with our Tampa divorce lawyer, call or contact our office online today.