Part of the process of divorce involves resolving your financial claims against your former partner and achieving a financial settlement. As part of that process, you need to exchange financial disclosure.
Dividing Digital Assets in Divorce
It is becoming increasingly more common for divorcing couples to own cryptocurrency and digital assets. This type of asset needs to form part of your financial disclosure and may be considered part of the ‘matrimonial pot’. Dividing Cryptocurrency & Digital Assets Divorce cases increasingly involve digital assets, encompassing cryptocurrency, social media, and online accounts.
Valuing and dividing these assets fairly in divorce is complex, requiring legal expertise and technical understanding. Non-disclosure of Digital Assets and Cryptocurrency Cryptocurrency and digital assets can sometimes be overlooked during the division of assets in divorce proceedings, especially if one spouse has more knowledge about these assets than the other.
It’s crucial to identify and disclose all assets, including digital assets and cryptocurrencies, to ensure a fair and reasonable outcome. If you do not provide full and frank disclosure or intentionally withhold information then you could face severe consequences.
Non-disclosure could lead to the court making adverse inferences about you and viewing you as dishonest, which will undermine your case.
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Our specialist teams can provide full service legal advice and assistance, providing practical and cost-effective solutions.
Specialist Cryptocurrency Divorce Solicitors
Our specialist cryptocurrency divorce solicitors offer expert guidance in complex divorce cases involving digital assets. With comprehensive knowledge of cryptocurrency, blockchain and the law which governs financial remedy, we are able to navigate divorce cases to ensure a fair and reasonable outcome for our clients.
Collaborating with financial experts, we ensure accurate asset assessment and fair division, whether through negotiation or litigation. Please do not hesitate to contact our family department to find out how we can help you navigate the complex area of dividing digital assets and cryptocurrency in divorce.
About Ellis Jones
Our team of specialist solicitors can provide a personal experience which prioritises empathy and understanding, making the process of working with us as easy and stress-free as possible. Learn more about us and get in touch with a member of the team.
Learn MoreAbout Ellis Jones
Our team of specialist solicitors can provide a personal experience which prioritises empathy and understanding, making the process of working with us as easy and stress-free as possible. Learn more about us and get in touch with a member of the team.
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