Choosing to divorce your spouse is likely one of the toughest decisions you may ever make. Not only do you want to receive your fair share of marital assets, but you also want to work toward a financially secure future. Of course, if you have a patent, trademark or copyright, you may worry about what happens to your intellectual property after your divorce.
As you may suspect, tangible assets are comparatively easy to value during a divorce. For example, if you have a bank account, you can simply look at the statement to determine how much the account is worth. That may not be the case for intangible assets, such as intellectual property, though. While a valuation expert can likely help you through the process, you probably need to take four steps to determine how much your intellectual property is worth.
With some careful consideration of the above factors, you can begin to paint a realistic picture of the value of your intellectual property. Only when you know how much your patent, copyright or trademark is worth can you plan for receiving your fair share of it during your divorce.