During a divorce, most people think about how things like cars, real estate, and retirement accounts will be divided between the spouses. But, as our society becomes increasingly information-driven, another major category of property to be split is intellectual property. In a high net worth divorce, dividing these unconventional assets can be a major source of argument between the spouses.
At A. Traub & Associates, our Arlington Heights, IL divorce lawyers are equipped to handle complex property division. Our attorneys have been recognized as Super Lawyers, so you can trust that we will handle your case with proper diligence and attention.
What Is Intellectual Property?
Although intellectual property isn’t typically something tangible like a house or a car, it can sometimes be just as valuable, if not more. In simple terms, intellectual property includes ideas, creative works, inventions, and brand identities. If those ideas can be owned, sold, licensed, or used to make money, they may be considered property in a divorce.