Divorcing a spouse who invests in cryptocurrency

On Behalf of | May 24, 2022 | Property Division

When you ask your spouse for a divorce, you know that you’re entitled to some of the assets from your marriage. The two of you are going to have to go through the property division process and split these assets up. It’s one of the most fundamental parts of any divorce case.

You also know that it’s going to be complicated in your situation. Not only are the two of you fairly wealthy, but your spouse has been investing in all sorts of different areas. There’s a lot of money on the line and you need to know exactly what you deserve.

One thing that you may want to watch out for are indications that your spouse is attempting to hide money.

How does this connect to cryptocurrency?

Cryptocurrency can certainly be a viable revenue source and is a way that some people choose to invest their money. They essentially get to invest money in different digital coins, and then the values of these coins trend up or down, telling them when to buy or sell.

Why you need to be careful with this is simply because the money can be hard to track down. In a lot of cases, one spouse doesn’t even really know that the other spouse has been investing in cryptocurrency to begin with. Even if you do know that they have dabbled around in it, you may not have any idea where their accounts are or how much of your money they transferred into those accounts.

As a result, cryptocurrency is one way that people will sometimes try to hide assets from their significant other during a divorce. If your spouse believes that you don’t know that the cryptocurrency accounts even exist, they may think that it’s a good place to put money they want to keep from you. They may also count on the fact that cryptocurrency is often based internationally and that the whole industry is not really regulated, meaning it is a bit more difficult to figure out exactly where the money went.

Understanding what you deserve

It’s important to remember that you still deserve a portion of the marital assets, no matter what your spouse did with them or how convoluted the scheme seems. If you think that they are hiding assets from you or if you’re just worried about overlooking something unintentionally, be sure you understand what legal steps you can take.

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