Miller & Associates, Attorneys LLP
  • Best Of the Best 2014 - By the Readers of The Placer Herald
  • Best Of the Best 2015 - By the Readers of The Placer Herald
  • Placer Herald | Best Of the Best 2016 - Rocklin
  • By the readers of the Placer Herald | 2017 Best Of the Best
  • By the readers of the Placer Herald | 2018 Best Of the Best

FAMILY LAW ATTORNEYS

ROCKLIN: 916-780-0848 FOLSOM: 916-365-4941 ROSEVILLE: 916-755-5977
Free ½ Hour Consultations

Main Navigation

Focused on reducing the emotional and financial toll to your family.

Offering divorce and family law options to fit
your needs, and focused on reducing the emotional
and financial toll to your family.

Divorce and cryptocurrency

Cryptocurrencies became part of the financial landscape in 2009 with the launch of the Bitcoin. It has since become a factor in many divorces in which one or both spouses have cryptocurrency assets. California residents with cryptocurrency holdings who are considering getting divorce should be prepared to endure a lengthy and complicated divorce process.

There are few family law firms with the understanding of or experience with cryptocurrencies to handle divorces in which cryptocurrencies feature as high-value financial assets. It can be very difficult to value a cryptocurrency asset as their prices tend to change often. It is also easy to conceal cryptocurrency assets.

Trying to locate undisclosed cryptocurrency assets tends to result in significant amounts of money and time being spent. However, finding such assets is not impossible, especially if the assets were purchased using an online exchange.

The other issue when dealing with cryptocurrencies in a divorce is accurately valuating the assets. The value of assets is typically established for the date on which the divorce petition was filed. However, a growing number of people believe that using another date, such as when the assets are distributed, is more suitable for assets whose price fluctuates often and wildly because of market factors.

Cryptocurrency assets need to be protected during a divorce. Some experts liken the situation of dealing with cryptocurrency to the issues involved with handling artwork. A digital forensics expert may be hired to ensure that the private key allowing access to the cryptocurrency is kept confidential so that no funds will be misappropriated.

A divorce attorney may work to ensure that clients receive favorable settlement terms regarding the division of high-value assets like cryptocurrencies. Litigation might be used compel the opposing party to disclose valuable hidden assets, including offshore accounts or property interests.

No Comments

Leave a comment
Comment Information
El Dorado Country | Bar Association Sacramento County | Bar Association The State Bar of California Placer County Bar Association Collaborative practice california IACP Certified Family Law Mediator
Miller & Associates, Attorneys LLP
Miller & Associates, Attorneys LLP
6542 Lonetree Boulevard
Rocklin, CA 95765

Phone: 916-780-0848
Fax: 916-780-0787
Miller & Associates, Attorneys LLP
2280 E. Bidwell Street, Suite 204
Folsom, CA 95630

Phone: 916-365-4941
Fax: 916-780-0787
office3 Miller & Associates, Attorneys LLP
3017 Douglas Blvd, 
Third Floor, Suite 58
Roseville, CA 95661

Phone: 916-755-5977
Fax: 916-780-0787

Privacy Policy | Business Development Solutions by FindLaw, part of Thomson Reuters.