Kuel Life
No Result
View All Result
  • Login
  • Home
  • About Us
  • Community
    • Business Directory
    • Exclusive Member Content
    • Kuel Conversations
    • Share Your Story
  • Lifestyle
    • Beauty & Fashion
    • Relationships
    • Home
    • Money
    • Work
    • Travel & Adventure
  • Wellness
    • Health
    • Fitness
    • Nutrition
    • Mindfulness
  • Jack’s Smack
  • Membership
  • eShop
    • Books
    • Kuel Swag
    • Services
    • Products
  • Contact Us
  • Home
  • About Us
  • Community
    • Business Directory
    • Exclusive Member Content
    • Kuel Conversations
    • Share Your Story
  • Lifestyle
    • Beauty & Fashion
    • Relationships
    • Home
    • Money
    • Work
    • Travel & Adventure
  • Wellness
    • Health
    • Fitness
    • Nutrition
    • Mindfulness
  • Jack’s Smack
  • Membership
  • eShop
    • Books
    • Kuel Swag
    • Services
    • Products
  • Contact Us
No Result
View All Result
Kuel Life
No Result
View All Result
Home Lifestyle Relationships

What To Do With Digital Assets In A Divorce

Mardi Winder Adams November 2022

Mardi Winder Adams November 2022

Divorce and Transitions: Mardi Winder-Adams

Today, most couples have a significant number of digital assets.

“Digital assets can be stored on a computer, personal smartphone, tablet, or cloud storage platform.”

Digital Assets:

These digital assets can range from online photo albums and backup copies of files to crypto wallets and virtual bank accounts. 

Digital assets create a challenge in divorce, as they are easy to overlook. Or, even more problematic, easy to hide. Digital assets can be stored on a computer, personal smartphone, tablet, or cloud storage platform. For many individuals going through a divorce, knowing what digital assets should be considered in the property division is the first challenge. 

In general, anything of value should be divided as an asset in the divorce proceedings. As long as it falls under the category of marital property. This is also referred to as community property in the nine states that recognize this designation. In community property states, any assets acquired or accumulated during the marriage are considered to be owned equally by both people. There are some exceptions, which is why an attorney is vital in understanding the specific laws in your area. 

Photos And Videos:

Personal photos and videos are often meaningful to both parties in the divorce. There is no monetary value to these images, but they are treasured memories of kids, pets, vacations, and the good times in the relationship. 

Making a duplicate digital copy is wise if you believe your partner may intentionally delete or destroy these records. Use a zip drive or a private, separate device or service to host your digital copy of the images and videos. Do not destroy or delete any of these images until you speak with an attorney.

In many cases, the mediated settlement or the court will stipulate how and when these files should be duplicated. And how they will be shared between the spouses. Offering to make a copy for the estranged partner can be a simple way. This is to help to re-establish goodwill and collaboration. 

If there are images you no longer want floating about (you know the ones I am talking about!), talk to your divorce attorney immediately. Under revenge porn laws, which apply to married couples too, it would be illegal for your soon-to-be ex to post photos or videos. But that doesn’t always stop someone bent on revenge. Again, your attorney can suggest ways to handle the situation proactively. If photos do end up public, do not retaliate with the same type of post. It can result in legal action against you. 

“If you do delete posts and accounts, it may lead to legal issues about destroying evidence.”

Shared Streaming And Social Media Accounts:

Typically, families share these accounts. These include movies, streaming services, the ability to make purchases, make posts, and the list of friends, and followers. Links to potential business pages are shared if you have a family business. 

Do not delete, remove, or lock out the spouse from these social media and streaming accounts without consulting your divorce attorney. In addition, do not delete any posts or accounts you have privately or jointly. These can be discoverable and presented to the court in a divorce hearing. If you do delete posts and accounts, it may lead to legal issues about destroying evidence. You can make settings private and restrict access. But it is even more critical to stop posting and sharing anything about the spouse or the divorce until a final settlement is reached and these issues are settled in mediation or by a judge. 

Important Information:

Everything from applications for credit cards to electronic bank statements and tax returns may be considered information relevant in a divorce. In most cases, these records are used in the divorce process to determine the financial state and accounts of the couple. 

Do not remove, delete, or destroy any electronic records of any type. If they are currently on the computer, consider them as part of the divorce process, just as any physical item. Consult with your divorce attorney before doing anything with this information. 

Cryptocurrency And NFTs:

Cryptocurrency or NFTs are an investment and considered an asset in a divorce. Each individual is required to declare any crypto holdings in their financial disclosure. In addition, as an asset, they are taxable and may include the payment of capital gains.

“The challenge with cryptocurrencies and NFTs is the widely fluctuating value.”

However, cryptocurrency also provides anonymity and is not regulated through a centralized banking system. This means that it can be easier to hide, and due to the nature of the investment, it cannot be seized or confiscated the same way as bank accounts or other physical assets can be in the process. 

The challenge with cryptocurrencies and NFTs is the widely fluctuating value. The value listed in a financial disclosure may be radically different in the next hour.  

Intangible Digital Assets:

Moreover, options for managing cryptocurrency holdings vary from jurisdiction to jurisdiction. Typically, the couple can transfer a portion of the cryptocurrency to the spouse, or it can be cashed out and the profits divided (with possible tax implications now and in the future), or the cryptocurrency and NFT could be set at an agreed upon value and offset with other assets during the mediation or through the courts. 

In this situation, working with your accountant, financial advisor, and attorney will be the ideal way to determine how to manage these intangible assets. 

*This article does not provide legal advice, financial advice, or information on any division of property in any jurisdiction. It is critical to have informed legal representation when making decisions during separation and divorce. *

Did you enjoy this article? Become a Kuel Life Member today to support our Community. Sign-up for our Sunday newsletter and get your content delivered straight to your inbox.

 

Mardi Winder-Adams

About the Author:

Mardi Winder-Adams is an Executive and Leadership Coach, Certified Divorce Transition Coach, and a Credentialed Distinguished Mediator in Texas. She has experienced her own divorce, moved to a new country and started her own business, and worked through the challenges of being a caregiver and managing the loss of a spouse.

Handling life transitions and pivots is her specialty! In her professional role as a divorce coach, Mardi has helped hundreds of women before, during, and after divorce to reduce the emotional and financial costs of the process. She is the founder of Positive Communication Systems, LLC.

Related Posts

Sharing Children With A Stepmother: A Mother’s Path To Acceptance And Healing
Maria Olsen

Sharing Children With A Stepmother: A Mother’s Path To Acceptance And Healing

June 16, 2025
How To Set Dating Expectations After 50: A Smart Woman’s Guide To Speaking Up Early
Laurie Gerber

How To Set Dating Expectations After 50: A Smart Woman’s Guide To Speaking Up Early

June 7, 2025
Dating After 50 For Women: Why You’re Not “Too Much” For The Right Person
Illa Lynn

Dating After 50 For Women: Why You’re Not “Too Much” For The Right Person

May 27, 2025
Next Post
Kim Vopni November 2022

Do You Suffer From Genitourinary Syndrome Of Menopause?

50 Aphorisms To Share At 50

50 Aphorisms To Share At 50

Tired Of The Midlife Bulge? Meet Dr. Katz

Tired Of The Midlife Bulge? Meet Dr. Katz

Recommended

How To Pack For Vacation During Menopause: 5 Style Tips For Feeling Fabulous And Fierce

How To Pack For Vacation During Menopause: 5 Style Tips For Feeling Fabulous And Fierce

4 weeks ago
Summer Fashion For Menopausal Women: 5 Game-Changing Pieces To End The Struggle

Summer Fashion For Menopausal Women: 5 Game-Changing Pieces To End The Struggle

3 weeks ago
3 Key Lessons For Financial Freedom For Women Over 50

3 Key Lessons For Financial Freedom For Women Over 50

4 weeks ago
7 Healthy Food Swaps For A Healthier You: Small Changes, Big Impact

7 Healthy Food Swaps For A Healthier You: Small Changes, Big Impact

3 weeks ago

Don't miss it

  • All
  • Jack's Smack
Sharing Children With A Stepmother: A Mother’s Path To Acceptance And Healing
Maria Olsen

Sharing Children With A Stepmother: A Mother’s Path To Acceptance And Healing

June 16, 2025
Ditching Perfection After 50: The Bold Power Of Being Unfiltered
Linda Butler

Ditching Perfection After 50: The Bold Power Of Being Unfiltered

June 14, 2025
5 Bold Outfit Formulas For Women Over 50 To Flatter Every Body
Beauty & Fashion

5 Bold Outfit Formulas For Women Over 50 To Flatter Every Body

June 13, 2025
Makeup That Works For Mature Skin: 16 Products That Deliver
Beauty & Fashion

Makeup That Works For Mature Skin: 16 Products That Deliver

June 15, 2025
How To Use CBD Effectively For Chronic Pain Relief
Health

How To Use CBD Effectively For Chronic Pain Relief

June 11, 2025
Joyful Backyard Self-Care Rituals For Women Over 50: Simple Ways To Reconnect And Recharge
Home

Joyful Backyard Self-Care Rituals For Women Over 50: Simple Ways To Reconnect And Recharge

June 10, 2025

Purchase with a Purpose

  • Elyse Ryan Jewelry Elyse Ryan Jewelry
  • Better Not Younger – Better Hair Ahead Better Not Younger - Better Hair Ahead
  • The Tracy Gold Collection The Tracy Gold Collection
  • Kindra Kindra
whatsapp image 2024 05 17 at 21.38.19 933b48c6

Kuel Life is committed to normalizing aging for women. With more than 65 KL Thought Leaders, we bring you the latest, most relevant, HOT TOPICS to address the opportunities and challenges for women 50+.

LEARN MORE »

COMPANY INFO
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Press
  • Contact Us
PURCHASE INFO
  • FAQs
  • Payment Methods
  • Shipping & Delivery
  • Refunds & Returns Policy
  • Membership
LATEST NEWS

Sharing Children With A Stepmother: A Mother’s Path To Acceptance And Healing

June 16, 2025

Ditching Perfection After 50: The Bold Power Of Being Unfiltered

June 14, 2025

5 Bold Outfit Formulas For Women Over 50 To Flatter Every Body

June 13, 2025

Makeup That Works For Mature Skin: 16 Products That Deliver

June 15, 2025

Sunday RoundUP Signup Here…

Be part of the movement to normalize aging. Get all your HOT TOPICS delivered directly to you.

 

CopyRight© 2017-2025 | Kuel Life | Created By Kuel Life Developers Team.

 

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

0
    0
    Your Cart
    Your cart is emptyReturn to Shop
    Continue Shopping
    No Result
    View All Result
    • Home
    • About Us
    • Community
      • Business Directory
      • Exclusive Member Content
      • Kuel Conversations
      • Share Your Story
    • Lifestyle
      • Beauty & Fashion
      • Relationships
      • Home
      • Money
      • Work
      • Travel & Adventure
    • Wellness
      • Health
      • Fitness
      • Nutrition
      • Mindfulness
    • Jack’s Smack
    • Membership
    • eShop
      • Books
      • Kuel Swag
      • Services
      • Products
    • Contact Us

    CopyRight© 2017-2025 | Kuel Life | Created By Kuel Life Developers Team.