How Can You Tell if Your Spouse Holds Crypto Assets?
Posted on in Family Law
Both parties must be open and honest in disclosing their financial positions on divorce and this will include crypto assets. More information in this regard can be found in our earlier insight article: 'What are crypto assets and how are they treated on divorce?' . In this article we explore the things to look out for when completing your own disclosure and reviewing your spouse's disclosure.
What should you look out for?
Within an individual's bank statements entries relating to crypto exchanges (crypto currency trading platforms), such as Coinbase or Binance, may be visible and enable further enquiries to be made to fully understand the nature of the holding and gain an idea of the value. One of the difficulties with crypto assets is that they are not physical assets, rather they are created and held digitally by the owner. Records of crypto assets are held within blockchains which are public ledgers which record transactions.>team of experienced lawyers can assist in determining the value of crypto assets, ensuring a fair distribution between spouses, and addressing any legal issues that may arise.