Michael Gargiulo, CEO of VPN.comWe help Fortune 1000 firms, entrepreneurs and corporations protect their brands.
Imagine this scenario: You’ve worked hard over time to construct a solid portfolio of high-quality domains. Then the unthinkable happens: You file for divorce and are left wondering what happens afterward.
Before I’m going any further, I need to let you know, dear reader, that this shouldn’t be intended as legal advice in any way. But what you do next can follow these steps to attain a viable consequence on your situation.
With that in mind, I might consider the next in this example.
Consult your divorce decree.
Once your divorce is finalized, you’ll receive a document called a divorce decree. This document principally incorporates all the small print in regards to the terms of your divorce and also can function written proof that you just aren’t any longer married.
Divorce decrees often contain specific provisions and could be lengthy depending on the stage of the divorce. Because they could be crammed with difficult-to-understand terms, you need to seek advice and assistance from a certified attorney if you may have any questions.
This document also generally addresses assets and their distribution after divorce. It will provide help to understand what options you may have with regard to your domains and whether you owe your former spouse any of the proceeds in the event you sell your domains immediately.
Do not transfer or sell anything without first consulting your attorney.
I can not stress this enough: wait to sell and be patient!
Your lawyer can advise you on the most effective plan of action. Selling your domains in a rush can actually cause more problems than you realize, so be patient. Talk to your lawyer after which work out an appropriate strategy to proceed.
Contact a website name expert to guide you thru the method.
Once you’ve got decided what to do, your best bet is to contact a website name broker. Just as you’ll put your trust and advice within the hands of a lawyer, a broker can provide help to make the wisest decisions on your portfolio after a life-changing event like this.
In most cases, you may have quite a lot of options on your domain name portfolio, starting from selling the domains outright, marketing them to potential customers, or auctioning them off to the best bidder.
Your decision will ultimately determine the best way forward.
Do your individual research after getting the opinions of experts.
After taking the time to hunt credible advice, rigorously consider your options.
There are three things to think about.
1. You could keep the portfolio and permit it to proceed to extend in value.
2. You could search for a possible buyer and sell part or all your portfolio to money in.
3. You might consider holding an auction to see what the best bidder offers.
These are all options to think about and the choice mustn’t be rushed. And as you accomplish that, keep in mind that a website portfolio is a precious, appreciating asset and the choice to liquidate it’s a very important one.
So take your time and punctiliously consider all of your options before you proceed.
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