Declaring Assets During a Divorce: How a Family Lawyer Can Help Deal With Concealed Cryptocurrency

One of the key things that need to be determined is the division of assets when it comes to divorce proceedings. This includes any property or money that you both acquired during the marriage. A family court may decide the allocated assets if you and your ex cannot agree.

Cryptocurrency has become a popular way to hide assets during divorce proceedings in recent years. This is because it is relatively easy to conceal and can be difficult to track. However, if you suspect that your ex-partner is hiding assets in the form of cryptocurrency, there are steps you can take to try and prove it.

Contact a family lawyer

The first step is to speak to a family lawyer. They will be able to advise you on the best way to move forward with the case. They will also be able to investigate and look for any evidence of hidden assets. The family lawyer can present this to the court if this is found.

Checking their online presence

The first step is to look at your ex-partner's internet footprint, such as their social media accounts and personal websites. This will allow you to determine what kinds of transactions they have been making recently. You can then submit this information as evidence during divorce proceedings. If you are unable to find any history of cryptocurrency transactions on these platforms, this could indicate that your partner has hidden it elsewhere instead.

Check income or tax records

If your ex-partner receives an income from cryptocurrency trades, this needs to be declared on their tax returns. A discrepancy in the amount of money that was reported and the amount of money they actually made could indicate that they have hidden some of it for themselves in the form of cryptocurrency.

Look for unusual behaviour

Another thing you can do is lookout for any unusual behaviour from your former spouse. For example, if they suddenly start spending a lot of money or start making suspicious transactions, this could be an indication that they are trying to hide assets.

If you suspect that your ex-partner is hiding assets in the form of cryptocurrency, it is important to take action as soon as possible. The family lawyer can help you to gather evidence and build a case against your ex-partner. This can be a difficult process, but it is important to make sure that you receive a fair division of assets.