Written by Jonathan Breeden
Hiding assets during a divorce has become much more complex than stuffing cash under the mattress or transferring funds to a private bank account. Historically, forensic investigators could easily subpoena documents like bank statements to discover these hidden funds.
One in 5 Americans are trading, investing in, and using cryptocurrency. Chances are your spouse has acquired it at one point or another. Here, we’ll discuss the various types of digital assets and how to track them if you suspect your spouse is hiding digital currency.
If your spouse claims they have few assets but benefit from a hefty salary, they could hide something from you. You could track down a spouse’s hidden digital assets in the following ways:
With the new wave of digital assets, investors can purchase the following:
Although these assets aren’t tangible, they generate real money and could significantly increase the value of a marital estate.
Assets are not always distributed 50/50 in North Carolina. The courts consider several factors when distributing assets, such as income of both parties, the needs of the children, the liquidity of the marital property, and more.
Because of this, spouses may hide assets from one another in the form of digital currency to prevent them from being split up in a divorce, often leaving one spouse worse off financially. You could still be entitled to digital assets acquired during marriage even if you never purchased them.
It’s unfair for your spouse to walk away from a marriage pocketing digital assets you never knew existed. You need money to support your children and maintain a stable living, and if your spouse was the primary breadwinner in your marriage, you could be left to scrape by financially.
The attorneys at Breeden Law Office recognize the widespread use of digital assets. We can recruit experts to track down these missing funds. Contact our office today at (919) 661-4970 to get started on your case today.