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Finding cryptocurrency assets during a divorce

| Jun 29, 2021 | Divorce

Going through a divorce proceeding is never easy, even if you consider the relationship you have with your soon-to-be ex-partner to be amicable and civil. In many divorce proceedings, this is not the case. If you are in the process of divorcing in Minnesota and you believe your partner has cryptocurrency assets to their name hidden or available, you may need to find an expert to seek out additional cryptocurrency assets that are rightfully owed to you based on your divorce case ruling.

Assessing assets

Whenever you are moving forward with a divorce in the State of Minnesota, you will be required to assess and calculate the assets you and your partner own together as well as individually. Reviewing and calculating assets you own together can help to streamline the filing and divorce process altogether.

Addressing potentially hidden assets

Unfortunately, a divorce is not always guaranteed to be straightforward, honest, and upfront. If you suspect that your ex-spouse is hiding assets such as cryptocurrency from you, it is best to seek out legal counsel to assist you with the matter.

Cryptocurrency is difficult and expensive to track

One of the disadvantages of attempting to track cryptocurrency assets is the inability to do so without hiring an often expensive expert in the matter. Because cryptocurrency is extremely private and difficult to track, it can ultimately end up costing you more than the cryptocurrency is actually worth in order to recover the assets in the divorce, depending on the amount of cryptocurrency your spouse has accumulated.

Understanding the risks and costs of recovering cryptocurrency assets can help you to determine which path is right for you. Whether you are interested in sharing the cryptocurrency or simply recovering all assets, the right legal team will properly guide you through the process.