Technology

Cryptocurrency, Digital Assets, and Divorce: How Do We Account for These Assets?

In recent years, cryptocurrency has sparked concern in some divorcing clients. We hear questions such as “I believe my spouse has cryptocurrency or other digital assets and we are going through a divorce. What can I expect?”

With the increase in popularity over the past decade of cryptocurrency and other digital asset holdings, including non-fungible tokens (NFTs), more divorcing couples are now fighting over those holdings. The difficulty in locating, tracking, and valuing cryptocurrency and other digital assets has added another layer of dispute in a divorce. Some divorcing spouses believe that they can underreport or hide funds in cryptocurrency wallets given it can be difficult to find or access information about those assets due to the built-in secretive nature of the holdings.

But digital assets are not untraceable. While the process for locating and tracking these assets can be a long, slow, step-by-step process, it is possible to follow the money and account for most, if not all, of the digital assets held by a spouse in the divorce process. with the guidance from an attorney knowledgeable in the area, and the assistance of a savvy expert/analyst.

While most cryptocurrency holders buy and sell on an online exchange, … Keep reading

An often-stated truth is that you shouldn’t access the email of others. Here, “others” means the person you have divorced, are now divorcing, or plan to divorce in the not too distant future. No matter how often this is said, it’s always worth repeating. Don’t snoop in other people’s email accounts!

Like most things, it’s more complicated than that. For instance, there are some minor exceptions, such as “authority to access.” Were you ever granted permission to access the email account? Was authority granted and later rescinded? If you’re even the slightest bit unsure of the answer to these important questions, then the answer is, of course, do not access the account!

However, what happens when this access to information is applied to all the information out there on the web? Is it possible that you could get in trouble for accessing someone’s social media accounts, if they have rescinded permission for you to do so?… Keep reading