WHAT HAPPENS WHEN YOU HAVE A NASTY DIVORCE AND A FAT BTC WALLET?

[zee123]

I'm assuming most would have read, watched and some probably experienced divorce proceedings.
It's certainly not a pretty thing, especially when it's a nasty one. Now, the question is do you
reveal your BTC wallet address when undergoing proceedings or do you simply keep shtum.
Or maybe you have been careless enough to let your spouse know about your crypto dealings.
Do you willingly part with the nice rising BTC or do you offer to pay up in Fiat?

This post is merely for fun, 'I AM NOT MARRIED'

[Fortify]

It depends if your other half knows about your digital currency? If they do and can prove it, then it would simply become an asset that needs to be split along with all the other property. It largely depends if you are an honest person and want to be upfront with the judge. What if you've got gold bars buried somewhere that your spouse doesn't know about?

[PMmesexycoins]

I'm not sure what's to discuss. Should be no different than with other possessions. No?

[pooya87]

the same thing happens as when you have a nasty divorce and a fat pocket with a lot of money in it. if the ex finds out about it and can prove it, they take a part of it (of course depending on what country you live in and how the laws are there) and if they can't find out about it or prove it they can take nothing.

[HabBear]

Now, the question is do you reveal your BTC wallet address when undergoing proceedings or do you simply keep shtum.

That depends on what kind of person you are. Are you the type of person who's honest and does the right thing? Or are you the type of person who lies and cheats their way through life with little care for others?

Bitcoin is just currency, the way it's supposed to be. Stop acting like it's anything else.

[Don Pedro Dinero]

It depends if your other half knows about your digital currency? If they do and can prove it, then it would simply become an asset that needs to be split along with all the other property. It largely depends if you are an honest person and want to be upfront with the judge. What if you've got gold bars buried somewhere that your spouse doesn't know about?

It also depends on the amount. If you have like 5 million$ in bitcoin you can escape to a tax haven no matter if you spouse knows about it.

I wouldn’t reveal that I have btc unless I have a lot of trust, but I would never reveal the real address to her. Pc profile protected by password, access to wherever I have btc protected by password. I wouldn’t even reveal my password for bitcointalk.

The problem with marriages is that what used to be trust can become in hatred.

[Barbut]

the same thing happens as when you have a nasty divorce and a fat pocket with a lot of money in it. if the ex finds out about it and can prove it, they take a part of it (of course depending on what country you live in and how the laws are there) and if they can't find out about it or prove it they can take nothing.

Depends from what kind of wallet do you have, and did you use bitcoin mixer before you send them to final destination. If you have for example electrum wallet and after you bought bitcoins on coinbase, bitstamp or where ever, and you run that bitcoins trough bitcoin mixer and final destination will be anonymous, your wife can't do nothing about it, here lawyers can't do nothing about that.
In case you use some wallet where you have left your ID, your documents then your bitcoins will be found easily and half goes to your wife.
I have nothing against girls, but she will go to fuck with another moron and why I need to pay for that. She work she have her money and I don't wish to be their sponsor and pay alimony while they enjoy.

[davis196]

I'm assuming most would have read, watched and some probably experienced divorce proceedings.
It's certainly not a pretty thing, especially when it's a nasty one. Now, the question is do you
reveal your BTC wallet address when undergoing proceedings or do you simply keep shtum.
Or maybe you have been careless enough to let your spouse know about your crypto dealings.
Do you willingly part with the nice rising BTC or do you offer to pay up in Fiat?

This post is merely for fun, 'I AM NOT MARRIED'

I`m pretty sure all the girls wouldn`t know anything about cryptocurrencies and bitcoin and wouldn`t care about that.She would want only fiat money and it`s better to keep your crypto wallets as a secret.
I hate when all the property is split in half after the divorce.She doesn`t have any right to own a half of your bitcoins ,because she didn`t help you getting them.

[fiulpro]

Well  only if your spouse know about the bitcoins and all and your wallet then only you should reveal.. well why reveal.. just transfer them in ypur friends wallet and you are good to go  who would want a loss huh !?
Also If I needed to I will pay them normal currency because if the value of bitcoins rose above my expected value I will be more than just sad.. haha
Well Also it depends upon the court if they are willing to let you off the hook for your bitcoins wallet..but if the judge knows about the bitcoins.. then you are dead meat.

[AT101ET]

It depends on the nature of the divorce and whether or not you'd want to split it.
If your OH doesn't know about it then what she doesn't knowncant hurt her.
If she does then you're in trouble. She xouldntecbhically force you (through the courts) to hand over her share if you don't reach another agreement when it comes to negotiating finances and assets.
I guess you could always claim to not have access to the private keys but once you make a transfer from your address then the charade is up.

[Kakmakr]

In any divorce the court will require you to provide them with a comprehensive list of your assets and investments and bank account details. <You detail your financial situation to them> Your spouse or her/his lawyer will have inputs in this proceeding and they will inform the court, if you are hiding something from the court. < If it was later found that you lied to the court, you would face other penalties >

Depending on your marriage contract, you might have to sell some of those coins to provide for the spouse as agreed by the court or you have to give something else to balance out the books.

Not all divorce proceedings are the same, most people just come to a quick agreement and go their different ways. Long drawn out divorce proceedings cost a lot of money, so they just want to get it over with.

[tiggytomb]

If it is known that you have bitcoin and it is raised then would need to share it, if she doesn't know then why should you.

[player514]

I'm assuming most would have read, watched and some probably experienced divorce proceedings.
It's certainly not a pretty thing, especially when it's a nasty one. Now, the question is do you
reveal your BTC wallet address when undergoing proceedings or do you simply keep shtum.
Or maybe you have been careless enough to let your spouse know about your crypto dealings.
Do you willingly part with the nice rising BTC or do you offer to pay up in Fiat?

This post is merely for fun, 'I AM NOT MARRIED'

It should be treated as an asset. This means that if the other party mentions it, they are entitled to half of it (I think, if I'm not getting it wrong). Beyond that, I would say it's just treated as anything else (like stocks and such) during a divorce.

[zee123]

It depends if your other half knows about your digital currency? If they do and can prove it, then it would simply become an asset that needs to be split along with all the other property. It largely depends if you are an honest person and want to be upfront with the judge. What if you've got gold bars buried somewhere that your spouse doesn't know about?

Lol, gold, hope she doesn't have a private eye on you. But would you pay out in Btc or fiat?

[zee123]

If it is known that you have bitcoin and it is raised then would need to share it, if she doesn't know then why should you.

Honesty is a good thing right? I guess it depends on the nature of the divorce.

[zee123]

I'm not sure what's to discuss. Should be no different than with other possessions. No?

BTC is kind of special, as I think most will pay fiat and keep BTC, what do you think?

[sindikat]

I propose to pay nothing. If your spouse does not have access to your wallet he can not prove that you have bitcoin. In addition, the court may take action under section bitcoins because cryptocurrency is not recognized by the state and by law can not have a value.

[collingiusti]

I got divorced last year, and held about $157,000 in BTC at the time.

However my ex wife didnt know about it, and as I bought all my BTC on localbitcoins there's no paperwork that traced it to me. So I didnt declare it on the divorce paperwork 

[zee123]

the same thing happens as when you have a nasty divorce and a fat pocket with a lot of money in it. if the ex finds out about it and can prove it, they take a part of it (of course depending on what country you live in and how the laws are there) and if they can't find out about it or prove it they can take nothing.

Depends from what kind of wallet do you have, and did you use bitcoin mixer before you send them to final destination. If you have for example electrum wallet and after you bought bitcoins on coinbase, bitstamp or where ever, and you run that bitcoins trough bitcoin mixer and final destination will be anonymous, your wife can't do nothing about it, here lawyers can't do nothing about that.
In case you use some wallet where you have left your ID, your documents then your bitcoins will be found easily and half goes to your wife.
I have nothing against girls, but she will go to fuck with another moron and why I need to pay for that. She work she have her money and I don't wish to be their sponsor and pay alimony while they enjoy.

Hey, hey, I like your style Barbut, most guys won't say it out but they are definitely thinking the same.

[zee123]

I got divorced last year, and held about $157,000 in BTC at the time.

However my ex wife didnt know about it, and as I bought all my BTC on localbitcoins there's no paperwork that traced it to me. So I didnt declare it on the divorce paperwork 

Sorry about the divorce, but pleased you saved almighty BTC, some other guy would have been enjoying it by now.