Dividing Virtual Assets in Divorce

In Arizona, marital property is subject to equal division between the spouses in a divorce. The task of determining the nature and character of certain assets as either separate property or community property can sometimes be difficult, particularly when transmutation has occurred. Recently, a unique new form of intangible property has made a quiet entry onto the divorce scene. Virtual assets are creating unique challenges for couples and their family law attorneys. Recognizing Assets — Virtual Goods and Virtual Real Estate Those who limit online marketplace activities to buying tangible goods on eBay and Amazon, for example, may be surprised to learn that virtual goods are intangible objects regularly bought and sold within online communities and to gamers. These virtual assets can take any digital form including:  designer clothes for avatars and toons, tokens for special game privileges, sports cars for better driving on a virtual racetrack, and even acreage on…

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