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Berchem Moses PC
  • Milford 203-783-1200
  • westport 203-227-9545

Asset, property division may involve intellectual property assets

About half of all marriages in the United States end in divorce. Thus, properly identifying and allocating marital assets during the process of asset and property division is important for preserving a person's well-being post divorce. A few tips may help people to uncover all assets during a divorce proceeding in Connecticut.

Tangible assets, such as real estate and bank accounts, are usually pretty straightforward to value and identify. However, intellectual property assets, including trademarks and copyrights, are a lot more difficult to value and identify. These are intangible assets, which also include software, patents and trade secrets.

Intellectual property assets usually drive most of a high-tech company's value, especially a pre-revenue startup that is in its early stages. Therefore, it is important to take special care when identifying and measuring these types of assets in a divorce. Intangible assets typically crop up in cases in which a spouse has founded or worked as an employee at a high-technology company.

If two people dealing with property division during a divorce in Connecticut can find common ground, they may benefit from the divorce negotiation or mediation process. Through these types of processes, two divorcing individuals may be able to achieve a settlement that benefits and pleases both parties when it comes to the division of their assets. However, if a mutually satisfactory settlement cannot be accomplished outside of court, a judge will ultimately have to decide how to handle asset division, and the outcome may not be in line with one spouse's or both spouses' wishes.

Source: bizjournals.com, "How to determine the value of intellectual property in divorce cases", Efrat Kasznik, May 23, 2016

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Berchem Moses PC
75 Broad Street
Milford, CT 06460
Phone: 203-783-1200
Fax: 203-878-2235
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Berchem Moses PC
1221 Post Road East
Westport, CT 06880
Phone: 203-227-9545
Fax: 203-226-1641
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