Zimmet Lawyer Tip: Cryptocurrency and divorce

Zimmet Lawyer Tip: Cryptocurrency and divorce

cryptocurrency

by Richard Schioppo

Cryptocurrency investors are over 95% male. The United States ranks 3rd in the world (behind South Korea and Japan) in the nearly $500 BILLION in crypto-asset holdings. Spouses are hiding money here — but unlike secret bank or brokerage accounts, a subpoena WILL NOT likely uncover crypto-assets.

So, for more transparency in any future matrimonial discovery requests regarding financial assets, please speak with your lawyer about this matter about including the following language as a standalone category in your documents:

“All statements reflecting the purchase, sale, or holding of any cryptocurrencies or digital assets (e.g., Bitcoin, Ether, ICOs) either on regulated American exchanges (e.g., Coinbase, Gemini), international exchanges (e.g., Binance, Bitfinex), or on personal wallets (e.g., Trezor, LedgerX).”

Zimmet Law Group, P.C. is an experienced law firm dedicated to providing effective legal services regarding family law and divorce matters. Our firm handles legal issues for clients in New York City and the surrounding areas. If you need an experienced attorney to help you in your legal matter, contact Zimmet Law Group, P.C.

Latest Blogs & News

  • Settling a High Net Worth Divorce in New York
  • Designating Parenting Time in New York
  • Updating an Estate Plan After a Divorce in New York