Dividing complex assets during a high-value divorce can be tough. The state follows an equitable distribution model, which means the court divides marital property fairly, but not always equally. Valuing these assets adds extra challenges to the process.
Dividing investments
When dividing investments like stocks, bonds, or retirement accounts, the courts first decide if the assets are marital or non-marital. Marital property includes anything gained during the marriage. Non-marital property includes assets owned before the marriage or received as a gift or inheritance.
After classifying the assets, the court determines their value and divides them. Sometimes, the court might award one spouse a greater portion of liquid assets while compensating the other spouse with other types of property to balance the value.
Dividing intellectual property
Intellectual property, such as patents, copyrights, and trademarks, can be harder to value because of its future earning potential. If one party created it during the marriage, it is usually seen as marital property. To figure out its value, professionals are often needed to estimate how much income the intellectual property could earn in the future.
The courts might give intellectual property rights to the spouse who created it. To make things fair, the court may split future royalties or income from the intellectual property between both spouses.
Ensuring a fair split of assets
Dividing complex assets in a high-value divorce demands careful consideration and precision. Each asset carries unique challenges that require thoughtful handling to achieve a fair outcome. A balanced approach ensures that both parties receive a just distribution, reflecting the true value of their shared marital property.
