In the age of cryptocurrencies, what problems, if any, do you foresee when dealing with these potential assets?
MS: Cryptocurrencies are one of those cutting-edge problems that many attorneys are still attempting to solve. An attorney must be well-versed in cryptocurrency to even know what to ask for in discovery, how to value such assets, and where to look for the red flags which may suggest that cryptocurrency is being used to hide what many would consider “traditional divorce assets.” The good news is that there should be a trail of money any time cryptocurrency is purchased or sold…..
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Learn more about Bitcoin, Cryptocurrency and Divorce:
“Bitcoin Bitterness Starts to Make Messy Divorces Even Worse,” Hannah George, Bloomberg News (2018) (Jonathan Fields quoted)
Cryptocurrency and Divorce: A Primer
IRS Notice 2014-21: Virtual Currency Guidance