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You are here: Home / Archives for digital assets

Digital Assets and Divorce

By Jonathan Fields, Esq.

How Are Digital Assets Divided in a Divorce?

When a couple shares digital assets, for purposes of a divorce, they are essentially the same as physical assets and subject to the same rules for division. However, this can be difficult to arrange in some situations and couples that plan to divorce and also share a lot of digital assets should know what to expect.

Digital Photos and Videos

These days, very few of us keep physical photo albums — most of our photos are digital.  And, in most cases, folks can just copy everything shared so each ex-spouse has a copy.  But if you have photos, videos, or documents on the cloud, using iCloud or Dropbox, for example, the account owner holds all the cards.  A difficult spouse could withhold the password and Apple, for example, will not reveal it to the other spouse.  So, settle these issues prior to the divorce, and make sure you have all the photos and videos you want before you sign.  Or, if for some reason, that is not feasible, make sure to include a provision in the divorce agreement requiring a spouse to cooperate in facilitating the copying of these assets by the other spouse.

Purchased Digital Media

Then there’s the digital stuff you or your spouse buys — digital movies, video games, or other media.  Just like with photos, these can be divided along with pots, pans, and the 401-k.  The problem is that this copyrighted media cannot be duplicated.  So, if these files fall under a single account in one spouse’s name, it may be appropriate to consider this in the property division.  On the other hand, in most cases, this is one of those areas in which you don’t want to “make a mountain out of a molehill.”  Leave it be — and move on.

Bitcoin and Other Cryptocurrencies

Bitcoin and other cryptocurrencies are digital assets which are discussed here.

“Bitcoin Bitterness Starts to Make Messy Divorces Even Worse,” Hannah George, Bloomberg News (2018) (Jonathan Fields quoted) 
Cryptocurrency and Divorce: A Primer
IRS Notice 2014-21: Virtual Currency Guidance

NOTE FROM FIELDS AND DENNIS — THIS IS PART OF A SERIES ON CYBER ISSUES AND DIVORCE.  FOR MORE SEE HERE.

Filed Under: Divorce and Family Law Tagged With: digital assets

iCloud Nightmare Part III: iCloud Account Holder Owns Digital Assets (even the photos!)


By Jonathan Fields, Esq.

These days, we all use cloud storage, like iCloud and Flickr, to keep all our family photos just as we had family photo albums in the past.  We keep financial and other documents in the cloud as well.  The problem is if your spouse is the account holder of your iCloud account, for example, and she/he refuses to give you the password, you may be out of luck.  Our experience has been that the company, Apple, Dropbox, etc., will not give out the password to anyone but the account holder.

The lesson:  discuss this with your spouse or in divorce negotiations and get the password as soon as possible. Then, download the content out of your accounts.

NOTE FROM FIELDS AND DENNIS — THIS IS PART OF A SERIES ON CYBER ISSUES AND DIVORCE.  FOR MORE SEE HERE.

 

Filed Under: Divorce and Family Law Tagged With: apple ID, cyber privacy, cyber security, digital assets, icloud, ipad, iphones, linked accounts, password protection, reset password, security questions, vpn

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    The Boston metro family law, divorce and estate planning attorneys at the law firm of Fields and Dennis LLP are based in the Newton Wellesley area and serve the city of Newton: Auburndale, Chestnut Hill, Newton Centre, Newton Corner, Newton Upper Falls, Newton Lower Falls, Nonantum, Oak Hill, Waban and West Newton and town of Wellesley: Babson Park, Wellesley Hills, Wellesley Square Fields and Dennis also serves many clients in the Greater Boston and Massachusetts region including Ashland, Dover, Holliston, Medfield, Needham, Sherborn, Westwood, and all of Massachusetts. Attorney Jonathan Fields is a recognized authority on bitcoin and divorce

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