In a ever-increasing digital world, more people in Georgia and elsewhere have digital assets. Some of these may be personal in nature and not have any monetary value — such as social media accounts. Some of them, however, may be of great value and subject to division if divorce ever enters the picture — such a virtual currency.
Have you and your spouse invested in cryptocurrency — such as Bitcoin? If you have, this is money that would be considered a shared asset. In the state of Georgia, all marital assets need to be accounted for and put on the table for division — digital assets are no exception.
There is a big issue with virtual currency, though. Locating it is not always easy, and neither is assigning it a particular value. The values of Bitcoin and other virtual currencies are always changing. So, how can it be split evenly then?
When it comes to property division, in general, there are a number of ways to divide things so that each party walks away with his or her fair share. There is no one right way to get it done. It will be different for every couple, and that is okay.
If you have concerns about your digital assets and how they will be affected by your divorce, it is okay to ask questions. It is okay to think outside the box in order to find an agreeable solution to the problem. With the assistance of an experienced divorce law attorney, Georgia residents who are going through the divorce process and who have digital assets on the line can find a way to ensure that they walk away from their marriages with their fair share of all marital assets. To learn how an attorney can help you with your complex property issues, please visit our firm’s website.