Identifying all marital property and dividing it under Wisconsin’s theory of “equitable division of property” is one of the most complex and divisive issues in any divorce. It is common for spouses to take drastic steps to hide assets in order to limit what they “lose” as a result of their divorce.
In the past, assets would be hidden in secret bank accounts, stored with friends or relatives, or invested offshore to avoid detection during a divorce. The rise of cryptocurrencies provides men and women with a new avenue for hiding money during divorce.
Trust Your Gut
Does something seem different about your spouse’s lifestyle or spending habits? Have they suddenly made a large purchase such as a new car or bringing home new purchases that are not corresponding with your bank or credit card statements? If something seems amiss, it probably is. There is a chance that the sudden influx of funds is a result of cryptocurrency investments they have kept from you during your marriage.
How To Uncover Hidden Cryptocurrency
Your family law attorney can file a subpoena in order to obtain a court order to gain access to your spouse’s electronic devices such as their computer or mobile phone. It may be necessary to partner with a forensic accounting expert in order to untangle their web of financial deceit.
Is It Worth It?
According to one expert, “if it’s $5,000, it’s not really worth it” due to the legal costs involved in hiring experts to uncover it. An experienced family law attorney can help you make an informed decision about how to proceed. Their goal will be to make sure that assets are divided as equitably as possible so you can move forward with the lifestyle you deserve after your divorce.