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

[dothebeats]

Quite a tricky and intriguing question tbh, and if someone goes through this route, I'm not even sure how the proceedings would work in countries that don't define bitcoin very well.

Properties can be anything: clothes, gadgets, pillows.. the list goes on and on. Assuming that you and your wife gets divorced, normally a judge would rule out that your entire net worth together would be split evenly in half, but that doesn't include your toothbrush, pillows, clothes--literally all of the things you own.

If I own $20,000 worth of clothes, I wouldn't need to declare it as a part of my asset since, well it cannot be sold easily plus my ex-wife can't even use it. So in this case, those little things don't need to be declared in your asset when legal separation comes to play. Bitcoins, on the other hand, is considered as an asset as well. In the end, it all boils down to the judge and his associates to decide on the matter.

Also an important lesson: never ever tell your spouse that you are rich in crypto

[imamimam1234]

I will give her fiat after exchange my bitcoin, but for sure I will make exact calculation before decide how much I would give to my ex wife. But if my child chose to live with her mom, I will give extra fiat to raise our child. I will not tell her about my bitcoin or real fiat amount , my ex only need to know that she's got enough.

[Bitcotalk]

I see this thread is still bursting with misinformation, delusion and self righteousness. Remind me never to purchase legal 'advice' from anyone on this forum.

We'll probably start to hear about more than a few cases of crypto and divorce in the near future. If you're in the wrong country, ie America, UK and a few others, then your money, and crypto is part of that, being forcibly reallocated is a given. 

It doesn’t  matter that what is happening in the life if a person is achieving a good profit he doesn’t need anyone else and his life he may have to pay some money to his wife and they separate their paths and he can easily continue his life so that his wife will feel regret to get divorced from million and she will fell regret and will soon ask for the patch up again because money is everything and everyone needs it.

[Harlot]

In a legal perspective you don't have any choice but to reveal all your assets including the once earned in Bitcoin as it is required by law, you can even be caught after the divorced. Now for your agreement or settlement about the division of wealth it is really up to you and it depends if your wife agrees with what you offer. You also have to put into consideration in who will take care of your children with of course he or she getting a bigger share to support their child.

[drachman]

I see this thread is still bursting with misinformation, delusion and self righteousness. Remind me never to purchase legal 'advice' from anyone on this forum.

We'll probably start to hear about more than a few cases of crypto and divorce in the near future. If you're in the wrong country, ie America, UK and a few others, then your money, and crypto is part of that, being forcibly reallocated is a given. 

Agreed. I don't think you should hide it, as a) it's a dick move, b) it could easily come back to bite you on the ass if the truth comes out later - in which case the judge will throw the book at you. Best approach would be to pay 50% of the fiat equivalent if you believe there's still am lot of growth potential, or sell half and cut your losses.

Besides if you feel the need to go through the trouble of hiding your bitcoin investments to your partner then why did you marry in the first place if you do not trust in this person? This is why I have always thought that many people marry for the wrong reasons and that is why there are so many divorces.

[Oilacris]

I see this thread is still bursting with misinformation, delusion and self righteousness. Remind me never to purchase legal 'advice' from anyone on this forum.

We'll probably start to hear about more than a few cases of crypto and divorce in the near future. If you're in the wrong country, ie America, UK and a few others, then your money, and crypto is part of that, being forcibly reallocated is a given. 

Agreed. I don't think you should hide it, as a) it's a dick move, b) it could easily come back to bite you on the ass if the truth comes out later - in which case the judge will throw the book at you. Best approach would be to pay 50% of the fiat equivalent if you believe there's still am lot of growth potential, or sell half and cut your losses.

Besides if you feel the need to go through the trouble of hiding your bitcoin investments to your partner then why did you marry in the first place if you do not trust in this person? This is why I have always thought that many people marry for the wrong reasons and that is why there are so many divorces.

You cant really escape that thing on which your wife will definitely knows all of your holdings and as you said we do trust our wives thats why we do decide to marry her. We do entrust all of our belongings and possible assets along the way and if you do have bitcoin then for sure you wife do really knows about that and making lies on the court will really put you on trouble later on.

[BitcoinPanther]

I think there is thing called conjugal property, unless this bitcoin was earned by the two, the can share it else if this is solely hard earned by a guy, the woman have no rights to have a share from it.  Aside from that, I think it should be declared as couples savings in order for these separate couple to have an equal share on that BTC. But one thing is for sure, it would easy to find a new partner with such FAT BTC wallet.

[Sacredtoad]

Nothing maybe she will come back if you cash out every bitcoin and throw the money on her face maybe she will even go into bitcoin with you then and then you both can make bitcoins together.

[Dreamchaser21]

Well your are lucky because you still have your own money to use for your next family, it's really up to you when you will say about your holdings with bitcoin or you just keep on your own so she will never be benefited on that, after all she was your wife and you are just talking about money.

[zee123]

Quite a tricky and intriguing question tbh, and if someone goes through this route, I'm not even sure how the proceedings would work in countries that don't define bitcoin very well.

Properties can be anything: clothes, gadgets, pillows.. the list goes on and on. Assuming that you and your wife gets divorced, normally a judge would rule out that your entire net worth together would be split evenly in half, but that doesn't include your toothbrush, pillows, clothes--literally all of the things you own.

If I own $20,000 worth of clothes, I wouldn't need to declare it as a part of my asset since, well it cannot be sold easily plus my ex-wife can't even use it. So in this case, those little things don't need to be declared in your asset when legal separation comes to play. Bitcoins, on the other hand, is considered as an asset as well. In the end, it all boils down to the judge and his associates to decide on the matter.

Also an important lesson: never ever tell your spouse that you are rich in crypto

Hi dothebeats, well said, I couldn't agree more

[zee123]

Nothing maybe she will come back if you cash out every bitcoin and throw the money on her face maybe she will even go into bitcoin with you then and then you both can make bitcoins together.

Haha Sacredtoad, she sees the secret, she's gone with a younger better-looking guy. That goes for the opposite sex too, meaning the guy would pull a Hugh Hefner

[Lorna t]

There is no such thing as backdrop of divorce. Example are just shouting in front of the court and there is no respect for each other no matter how important it is to each other that their wealth is useless .it's useless compared to a wealthy thing .your money pocket is full of money and your currency is much .it's very useful .if I choose something in virtual or after that I'm i in fat of wallet vs.human resources, you live in bitcoin fat because we live a good way of life and also live together in bitcoin for that reason I work hard here...

[innocent93]

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 is simple, it matters who has access to the accounts and on who's name it is made, there is no legislation issue yet regarding the heritage of bitcoin.

[DrGuns4Hands]

If the both of them earned the bitcoin then they should split it in two but if only one earned it why would they split it, it should only be kept by the one who earned it. If your wife know about your crypto currency then it will be a long story but we all have our secrets to hide and my bitcoin is one of them.

[setupbounds]

Nothing maybe she will come back if you cash out every bitcoin and throw the money on her face maybe she will even go into bitcoin with you then and then you both can make bitcoins together.

Bitcoin is really the latest market trend and people are really making money with them. This is so sad that he got divorced but the yes, if he is going to cash out some of his bitcoin and show that lady the real status of yours. Bitcoin is there for teaching such people lesson who are just after money and if she left him just for money it is the best way to take revenge on them by chasing it out.

[Terraformer]

I`m not married too, i don`t know if this is good or bad. On my opinion, bitcoin wallet access, or any other crypto assets, if they accumulated in spare time using exchange trading process, is a personal holdings of a person. But if a family together decided to make crypto investment, risking with community property, this is another situation, then both sides are empowered to claim the stake.

[zee123]

Quite a tricky and intriguing question tbh, and if someone goes through this route, I'm not even sure how the proceedings would work in countries that don't define bitcoin very well.

Properties can be anything: clothes, gadgets, pillows.. the list goes on and on. Assuming that you and your wife gets divorced, normally a judge would rule out that your entire net worth together would be split evenly in half, but that doesn't include your toothbrush, pillows, clothes--literally all of the things you own.

If I own $20,000 worth of clothes, I wouldn't need to declare it as a part of my asset since, well it cannot be sold easily plus my ex-wife can't even use it. So in this case, those little things don't need to be declared in your asset when legal separation comes to play. Bitcoins, on the other hand, is considered as an asset as well. In the end, it all boils down to the judge and his associates to decide on the matter.

Also an important lesson: never ever tell your spouse that you are rich in crypto

I think the last sentence sums it up really. " never ever tell your spouse that you are rich in crypto "

[zee123]

I will give her fiat after exchange my bitcoin, but for sure I will make exact calculation before decide how much I would give to my ex wife. But if my child chose to live with her mom, I will give extra fiat to raise our child. I will not tell her about my bitcoin or real fiat amount , my ex only need to know that she's got enough.

Uhmm, so whats the point of the exact calculation. Since you are only going to give her what you believe is enough. What if she likes a nice red flashy Ferrari for her new young boyfriend at least younger than you. lol

[brickafterbrickwalldpt]

If I had to decide what to do about such an situation, which let's say would occur in the next decade or so time-wise, then I would rather offer to pay in fiat money, unless bitcoins are acknowledged by major governments in a way that would make them a part of a divorce possession split. If that were to be the case, I'd probably make sure not to tell my wife about bitcoins or how it works beforehand. Sorry, it may be morally wrong, but given how modern divorces play out I would not like to end up in a box on the street.

[zee123]

I see this thread is still bursting with misinformation, delusion and self righteousness. Remind me never to purchase legal 'advice' from anyone on this forum.

We'll probably start to hear about more than a few cases of crypto and divorce in the near future. If you're in the wrong country, ie America, UK and a few others, then your money, and crypto is part of that, being forcibly reallocated is a given. 

It doesn’t  matter that what is happening in the life if a person is achieving a good profit he doesn’t need anyone else and his life he may have to pay some money to his wife and they separate their paths and he can easily continue his life so that his wife will feel regret to get divorced from million and she will fell regret and will soon ask for the patch up again because money is everything and everyone needs it.

That is one hell of a story, and it could be the other way round too. The guy left the woman who happens to be the btc believer.