Illinois couples going through a divorce may not stop to think about their digital assets when they’re trying to come to a settlement. However, some of these assets may be worth further examination, especially with the onslaught of technology people use in their daily lives. Some questions to address in a divorce settlement may include who receives the iTunes library, iPad, or even stranger, the Farmville assets.
While it may seem silly to divvy up such assets, sometimes virtual assets can turn into cold, hard cash. In games like Farmville, people may spend real money in the game to purchase enhanced goods or features. Some of the games will allow players to sell or trade the goods so they can be converted back to hard cash, sometimes even at a profit.
Does it still sound so silly? One man spent a whopping $100,000 on a virtual asteroid and later sold his virtual nightclub for over half a million dollars. This amount is reportedly the highest amount of money that was ever spent on a virtual asset. It’s reported that this man went on to make approximately $200,000 per year buying and selling virtual items.
With huge amounts of money like this on the line, it could encourage Illinois couples to take a closer look at the virtual assets and settle them in the divorce. If the virtual goods were bought during a marriage, it is possible they could be considered community property and therefore subject to asset division. Although it may not cross someone’s mind to check into Farmville assets, it might be worth taking a second look.
Source: Mashable Lifestyle, “Digital Divorce: Who Gets Which Accounts in the Split?” Margaret Rock, Oct. 10, 2012