Tangible vs. Intangible Assets in a Divorce | Episode 107

Ryan Kalamaya defines tangible and intangible assets to help understand how the court decides to divide property in a Colorado divorce. Key Points in This EpisodeDefining "Property"What is not "property."Term life insurance policyLeased vehicleDiscretionary trustGifts not yet receivedSocial Security benefits (they can be an economic circumstance)Education degree (such as a law or medical degree)Military disability benefits Tangible vs. IntangibleTangible: real estatecashbank accountsinvestment accountscryptocurrencyretirement plansfurnitureHousehold goodsAutomobilesLivestockGoldArtWineGrey area - NFT for tangible assetsIntangibleCryptocurrencyFranchisesPatentsCopyrightsMineral rightsGoodwill in a businessDivision of property can be impacted if, for example, the marital estate is 75% of intangible assets.Step by Step Colorado Divorce GuideThe initial thought of trying to file for divorce can be overwhelming and emotionally exhausting. Ryan Kalamaya, one of the founding partners of innovative law firm Kalamaya | Goscha, has created a simple, step by step guide to the Colorado divorce process, so you know what to expect and how to best protect yourself and your assets.  Each 5-minute episode will cover the process for divorce, parenting in a divorce, property division, and more. To watch the videos of each episode, click here.About Kalamaya | GoschaKalamaya | Goscha is an innovative law firm with an award-winning team of trial lawyers specializing in highly personal disputes — divorce, child custody, property division, maintenance/alimony, pre-marital and marital agreements, and collaborative divorce — in Colorado. If you have additional questions or would like to speak to one of our attorneys, give us a call at 970-429-5784 or email us at [email protected].************************************************************************DISCLAIMER: THE COMMENTARY AND OPINIONS ON THIS PODCAST IS FOR ENTERTAINMENT AND INFORMATIONAL PURPOSES AND NOT FOR THE PURPOSE OF PROVIDING LEGAL ADVICE. CONTACT AN ATTORNEY IN YOUR STATE OR AREA TO OBTAIN LEGAL ADVICE ON ANY OF THESE ISSUES.What is Divorce at Altitude? Ryan Kalamaya and Amy Goscha provide tips and recommendations on issues related to divorce, separation, and co-parenting in Colorado. Ryan and Amy are the founding partners of an innovative and ambitious law firm, Kalamaya | Goscha, that pushes the boundaries to discover new frontiers in family law, personal injuries, and criminal defense in Colorado. To subscribe to Divorce at Altitude, click here and select your favorite podcast player. To subscribe to Kalamaya | Goscha's YouTube channel where many of the episodes will be posted as videos, click here.  If you have additional questions or would like to speak to one of our attorneys, give us a call at 970-429-5784 or email us at [email protected].************************************************************************DISCLAIMER: THE COMMENTARY AND OPINIONS ON THIS PODCAST IS FOR ENTERTAINMENT AND INFORMATIONAL PURPOSES AND NOT FOR THE PURPOSE OF PROVIDING LEGAL ADVICE. CONTACT AN ATTORNEY IN YOUR STATE OR AREA TO OBTAIN LEGAL ADVICE ON ANY OF THESE ISSUES.