Valuation and Distribution of Cryptocurrency Assets in Divorce Proceedings

Finalizing a divorce entails full disclosure from both spouses of their assets, liabilities, income, and expenses. Here in Long Island, this was a relatively easy process, as these items could not be concealed easily from the court or the spouse. That changed in 2009 when cryptocurrency arrived at the scene. So in divorce proceedings, how do you split cryptocurrency or money stashed away in them? Let's look at your options. Checking for Undisclosed Cryptocurrency When both parties declare all their assets, including cryptocurrency, the court can decide on how to distribute them. Problems arise when your spouse fails or refuses to disclose any cryptocurrency they...

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