If you are an artist going through a divorce in Colorado, you may be wondering what will happen to the artwork that you created before, during and after your marriage. Since all property needs to be accounted for, you will need to make a detailed list of each of your creations. We at Kaplan Law understand the complexities that surround the division of artwork, which is why we realize the benefits that mediation can bring.
According to the Huffington Post, marital property includes anything that was created during the marriage, even if it was never sold. You may need to have an appraiser designate value or need to split a portion of the profits if it is sold in the future. If you have any licensing agreements that were developed from pieces created during the marriage, you may need to split the profits from that as long as you receive them in the future.
One reason why mediation can be so beneficial is that dividing artwork can be complicated when determined by a judge. While the court may rule that you need to split everything exactly, you may be able to negotiate a simpler agreement through mediation. One option is to pay your spouse for the supplies you used to make the artwork and keep the profits if you sell them for yourself.
By negotiating and discussing the issue with your spouse, you may be able to use your creative skills to come up with an agreement that is satisfactory to both of you. For more information on mediation, please visit our web page.