After almost 20 years of managing the household, you know everything that your husband owns. But do you know whether he has digital assets stored online?
In high-end divorces today, wealth does not revolve around bank accounts and real estate properties. It also includes cryptocurrencies, which are high-value digital interests. Understanding why this matters in your divorce is important to achieving a fair split of the marital estate.
Dividing crypto assets as part of the law
Under New Jersey law, anything you or your spouse acquired during the marriage is subject to equitable distribution, which includes crypto assets. If you remember your spouse mentioning purchasing Bitcoin before the divorce, his holdings are part of the marital pot. This means your partner should include their digital currencies in their asset disclosure.
Finding hidden and untraceable assets
Digital footprints are harder to erase than you think. All crypto transactions are recorded in a ledger. Forensic tech experts use specialized software to trace the money from your joint accounts onto the blockchain. They look for the moment when marital cash turned into crypto.
Taking early action to hold your spouse accountable
If you think that your spouse intentionally hid their holdings in a divorce, understand that you must show this in court. Gather evidence that proves your spouse owns crypto. This can include text threads with them and financial records that show their transactions involving cryptocurrency exchanges.
To ensure your digital discovery materializes with precision, seeking legal counsel is wise. A divorce attorney with experience in high-asset divisions can provide the guidance you need.
