Divorce: Dividing iTune Libraries and Other Digital Assets

What Happens To Your Digital Assets In A Divorce?

Digital Assets Library That Can Be Divided In A Divorce Process Include Kindle, iTunes, Xbox Live, Games, Apps And Other Digitally Downloaded Media

divorce digital assetsTraditionally, when dividing assets in a divorce, each individual looks to their assets obtained during the marriage.  When these assets are identified, the process of dividing those assets up then runs its course.  Today, with the constantly changing technological field, assets are not merely tangible objects anymore.  For example, your iTunes library is not a tangible asset, yet it does have value and you did spend money to amass this library.  Even though this asset is not a house, car, jewelry, or even cash, it’s still considered an “asset.”  It also doesn’t matter which spouse maintained the library, or who actually purchased the digital assets; as long as they were obtained during the marriage, they qualify as “marital assets” which means they’re treated no different than a car or any other tangible asset.

Well, let’s say you share this music library with your spouse.  What happens when you go through the divorce process?  This concept has been somewhat of a grey area due to the relative … Read More... “Divorce: Dividing iTune Libraries and Other Digital Assets”

Cohabitation Births On The Rise As Marriage Stats Fall

Marriage Rates Decline While Births For Cohabitation Couples Increase According To A Recent Study

At Least One Child In Eight Is Born Into A Cohabitation Parent Family. Economic Factors Play Role In Non Marriage Births

cohabitation marriage birthsA recent study by the Council on Contemporary Families discusses the increase in cohabitating couples and planned children.  In births among cohabitating couples have increased 58% from 2006 to 2010. The study also suggests that half of these births were planned.  All in all, the rise in cohabitation is well documented, with cohabitation playing an increasingly prominent role in the lives of American adults and children. At least one child in eight is born into a cohabiting parent family, and this rate has doubled over the course of a single decade.

The increase in cohabitating union births leads to the question of why couples are not getting married as frequently as they had in the past.  Some insights may be gained from a recent NBC News article which interviews a 34-year-old mother, Anne-Marie Rinaldi, who has been cohabitating with her partner and fellow parent for the past decade. Ms. Rinaldi believes that having a child while cohabitating may become the “new normal.”  Ms. Rinaldi believes … Read More... “Cohabitation Births On The Rise As Marriage Stats Fall”

Same-Sex Marriage Case Declined By U.S. Supreme Court

The U.S. Supreme Court’s Refusal to Rule on Same-Sex Marriage Cases has Broad Implications

same-sex marriage supreme courtThe United States Supreme Court recently declined to take up an issue regarding same-sex marriage.  By declining to take these cases, the court has allowed men and women to have entered into same-sex marriages in eleven states that previously didn’t allow same-sex marriages.*

By refusing to take up the appeals of these cases, they have in essence upheld the rulings that all allowed same-sex marriage.  Those new eleven states that are now required to recognize and issue same sex marriage certificates are listed below. Even more surprising is that the court did not issue an explanation (which is typical) as to why they decided not to rule on the cases.

These cases came up through the Federal Courts of Appeals.  There are 12 of these federal appellate courts in the United States.   These courts cover several states within their jurisdiction, which is how 11 states recently had their same-sex laws implemented.

To make this matter even more interesting, the 6th Circuit of Appeals Court located in Cincinnati, Ohio, which controls Ohio’s federal laws, is currently considering an appeal of same-sex marriage.  The result … Read More... “Same-Sex Marriage Case Declined By U.S. Supreme Court”

Bitcoins and Hiding Assets in a Divorce Action

Protect Your Assets – Talk To A Divorce Attorney To Avoid Being Ripped Off By Bitcoins Concealment

bitcoins divorce assets ohioBitcoins are defined as a cryptocurrency and are the first of their kind.  Cryptocurrency is just a fancy term for “encryption” meaning only authorized parties can read it. This essentially allows individuals to store bitcoins without any link to themselves, drastically differing from bank accounts or stocks. Bitcoins, unlike traditional currencies like the US Dollar, aren’t backed by governments and aren’t influenced by monetary policy. This makes bitcoin more like gold than any other currency since its value rests entirely on how much people are willing to pay and how much its users believe in it. Bitcoins are traded from one personal ‘wallet’ to another. A wallet is a small personal database that you store on your computer drive, on your smartphone, on your tablet, or somewhere in the cloud.

Bitcoins came into existence in 2009 when creator Satoshi Nakamoto (which is presumed a pseudonym) launched the network as an “electronic peer-to-peer currency.”  Since the introduction of bitcoins, several other crypto-currencies have emerged. Bitcoin is digital public money that is created by painstaking mathematical computations, and policed by millions of computer users called … Read More... “Bitcoins and Hiding Assets in a Divorce Action”

Beta Marriage Concept – A Trial Union for 2 Years?

Can Beta Marriage Avoid A Complicated Divorce?

beta marriage ohioTime magazine recently published an article discussing the concept of a “beta marriage” and millennials.  For those unfamiliar with the word “Beta” let me explain.  In the tech world, the word “beta” is often affiliated with a trial period, in other words, it’s something that’s tested before it’s released or finalized.  For example, when a video game company is nearing the release of a new video game, they’ll often release a “beta version” to a select few individuals.  This version is played and enjoyed as if it were a full released video game.  Instead, what is really going on is the developers are collecting information, analyzing all types of data, and fixing various bugs that may not have been discovered prior to the beta.

In other words, a beta is a test run designed to fix errors.  After a beta has ran its course (often a predefined period of time) the beta is closed.  Following the beta, the developers can choose whether or not they’ll release the game or not or if they’ll continue to develop and fix the kinks they became aware of during the beta period.

This … Read More... “Beta Marriage Concept – A Trial Union for 2 Years?”

Military Divorce Rate Climbs – Are Multiple Deployments at Fault?

Recent Study Reveals Increased Length In Deployments Will Increase The Risk Of Military Divorce

military divorce ohioA recent study conducted by the RAND Corporation with the Department of Defense sponsorship found that increased length in deployments will increase the risk of divorce.  The study goes into detail regarding marriages originating prior to and after the September 11, 2001, attacks.  The study found that couples who married prior to the attacks and had one of the spouses deployed to Iraq or Afghanistan were over 20% more likely to divorce than couples who married after the September 11 attacks.  The researchers conducting this study believed that this was likely due to the fact that couples who married after the attacks were better equipped to deal with the challenges of war.

Another study conducted in 2011 found that military divorce rates overall had an uptick from what they had been in the past.  This study found that from 2000-2011 the enlisted military divorce rate increased drastically from 2.9% to 4.2%, edging out the civilian rate of divorce.  A San Diego divorce attorney opined that the increased rate is caused most likely by the low age of most military members and the lack of emotional … Read More... “Military Divorce Rate Climbs – Are Multiple Deployments at Fault?”

Divorce: Sudden Divorce Syndrome in Ohio

Can Sudden Divorce Syndrome Impact You Both Emotionally And Legally? What You Need To Know

Sudden Divorce Syndrome ohioSudden Divorce Syndrome (SDS) refers to a situation that occurs, most often in a man’s life, where his spouse, without any signs, wants a divorce.  Perhaps the most publicized SDS (Sudden Divorce Syndrome) case involves Mr. Martin Paul.  Mr. Paul discusses how he was nearing retirement, wasn’t having any ill feelings towards his wife, and had even been planning numerous vacation and relaxation events for himself and his wife together.  Unbeknownst to Mr. Paul, his wife had other plans.  She blindsided him when she announced that she wanted a divorce.  Following the completion of the divorce Mr. Paul was devastated. He was unable to cope with the loss of his family and the accusations his wife threw his way.  He overdosed multiple times but each time was able to dial 911 in time.  Mr. Paul now lives overwhelmed with the  memories of his past life and now considers himself a “broken man.”

Martin still loves his wife and was completely unaware of her desires for a divorce.  This quick onset of divorce is referred to as “sudden divorce syndrome” and while you won’t … Read More... “Divorce: Sudden Divorce Syndrome in Ohio”

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