Rise of cryptocurrency has an effect on divorcing couples

The rise of cryptocurrency, and in particular Bitcoin, means divorcing couples may use the currency to hide their wealth from one another.

While couples have a duty to provide full and frank disclosure during a divorce, they said it is not unheard of for some parties to attempt to hide their assets from their respective spouses, and cryptocurrencies may make this process easier.

The very nature of cryptocurrencies means it can be hard to trace.

Digital forensic analysts can be used by a spouse to identify trace points and give weight to a claim.

If a divorce case does end up in court, a judge, even without concrete evidence of cryptocurrency assets, could make inferences as to their existence and factor their potential value into their final judgement.

Wrigley Claydon, we fight on your behalf to make this difficult time a little easier. We are experienced family lawyers and can assist you with the legal aspects of any family situation in which you may find yourself. We deal with our cases sensitively.

If you are looking for family advice then please call 0161 624 6811 to speak to our Family Department.

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Shalish Mehta

Shalish is an experienced dispute resolution solicitor who joined the firm in 2002 ago upon qualifying as a solicitor and provides a proactive approach whilst retaining the personal touch to help you achieve the best possible outcome for your case. He acts on behalf of both private individuals and commercial clients. He can assist and advise at any stage of a dispute including mediation through to court action and injunctions. Shalish is a keen sportsman, regularly playing cricket and five-a-side football and also watching live sport. He enjoys city breaks and takes great pleasure in sampling different cuisines from around the world. Shalish is fluent in Gujarati and will happily represent those for whom Guajarati is the first language, in English. He is also happy to offer his services as a translator to our clients as necessary. What clients say about Shalish: “We feel the service was perfect and found our solicitor, Shalish Mehta, very professional and helpful in all aspects”