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'

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.

Not so sure about that my friend, lawyers always find a way to make it count if there is knowledge of one of the individuals holding bitcoin.

[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. 

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.

Lol, I don't mean to be cynical but that statement of everyone trusting their partners I believe is overrated. It's not necessarily true, ok maybe in some cases. Well I do believe honesty is the best policy.

[zee123]

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.

  I hear you brother the finding the new partner part. But unfortunately, I believe when lawyers get involved and there is knowledge of you owning bitcoin you will certainly pay up.

[jaysabi]

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'

Question isn't any different from any traditional bank account. If you live in a common law state, the money presumably is a shared asset and you are legally required (if not also morally required) to split the asset the same as any other. The "nastiness" of the divorce has no merit. Cleary, the question as to whether you "should" divulge it already acknowledges the requirement, otherwise there wouldn't be any question about it. At that point, it's only a question of whether or not you're low enough to hide assets in contravention of the law. If you'd hide a bank account, I imagine there's no distinction to be made for a crypto asset as well.

[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'

Question isn't any different from any traditional bank account. If you live in a common law state, the money presumably is a shared asset and you are legally required (if not also morally required) to split the asset the same as any other. The "nastiness" of the divorce has no merit. Cleary, the question as to whether you "should" divulge it already acknowledges the requirement, otherwise there wouldn't be any question about it. At that point, it's only a question of whether or not you're low enough to hide assets in contravention of the law. If you'd hide a bank account, I imagine there's no distinction to be made for a crypto asset as well.

Hi, the question is do you part with the bitcoin you have or do you part with the fiat equivalent knowing fully well bitcoin has the tendency to rise. Easy to answer the question now based on the astronomical rise of bitcoin at the moment. When the question was initially asked it wasn't the case.

[shaun98]

Depends on whether your wife was good to you in your marriage or not and deserves to have some of it. I would probably not reveal it though, or maybe reveal a smaller wallet lol.

[woodsgregory13]

It's an interesting topic for discussion, I read all the 9 pages of this forum, found out a lot of new ideas. However, I am here with a new idea too. Instead of coping with lawyers' problems and spending a lot of money, it's much easier to file for divorce via online divorce service. There are a lot of such services on the Internet nowadays, where you do all your divorce papers online and no one will annoy only because you have bitcoins. My personal recommendation is this site: https://onlinedivorcer.com. A qualitative help and consultations are provided there by the competent lawyers for quite an affordable price and tailored to each state.

[Lapatai]

Well BTC is like "Monopoly" money, it isn't real.
Even if she finds out that you have it, you simply can refuse (of course it differs if the BTC was bought through banking transfer, there is a lot of evidence and this investment affected your family budget).
So if you are divorcing you need to even give your Facebook profile too?

[qwertyup23]

It depends on how your divorce proceedings went through and if you are willing to disclose all information with regard to all of your current assets.

At this point, it is not a question on how BIG are your current resources at but a question if whether or not you are a reasonable person who follows and abides the rules. This question would also be different if you were to have obligations with your payments, especially if you have a child to support.

Depends on whether your wife was good to you in your marriage or not and deserves to have some of it. I would probably not reveal it though, or maybe reveal a smaller wallet lol.

I think he/she should reveal regardless of the status of the marriage as it determines your attitude and liability as a person. If that were the case, I think we now know who is the reason for the cause of divorce....

[boltz]

Regarding this situation I think the way it works is if you have bought bitcoin during you marriage alongside with your wife , your bag of coins will be split in half like any other products but if you have bought them before marriage , its yours and only yours and nothing can be split. Of course there is always the option when you can simply donate some of your coins to your wife without being forced by any law.

[mazdafunsun]

You just do not tell your other half that you have crypto, they will never know, this is an advantage of crypto over fiat. In case of FIAT , they can easily find out if you have savings account.
But if they  know, they will tell their lawyer and you will end up dividing the crypto as well, no going around that. Maybe only saying that you lost your private key,

[Mometaskers]

Why do I have the feeling that OP has been watching MGTOW channels? 

Anyway like most people have already said, it depends if your spouse knows that you have crypto. I just don't know how far they can compel you to reveal your addresses/physical wallets and encash your crypto.

I think even if your wife only have a suspicion of you having them, she'll try to find a way to force you to give them up. If you already have crypto before getting married, don't tell her. I think it's possible to keep items in trust that can be given to your heir if you died in case you are worried about your children. Not sure about including this in the will while still married since they could find out about your store.

[TrevorS]

If I and my half had a common budget and bitcoin earned together, then I would have easily opened my wallet to her. However, most often it is better that only one person in a pair knows everything, since this increases security. They should also leave instructions if something happens to you so that your soulmate can find your BTC.

[Edraket31]

Why do I have the feeling that OP has been watching MGTOW channels? 

Anyway like most people have already said, it depends if your spouse knows that you have crypto. I just don't know how far they can compel you to reveal your addresses/physical wallets and encash your crypto.

I think even if your wife only have a suspicion of you having them, she'll try to find a way to force you to give them up. If you already have crypto before getting married, don't tell her. I think it's possible to keep items in trust that can be given to your heir if you died in case you are worried about your children. Not sure about including this in the will while still married since they could find out about your store.

This thread is funny though, lol! Well I believe that still a good relationship in marriage is what matters rather than having a Fat BTC Wallet. What money can do for me if I don't have even a wife behind me that will comfort me when I am down, still happy marriage is what matters and having a Fat Btc wallet is just a bonus.

[kooboat]

Divorce is always a  hard battle for most couples undergoing the process. Considering the legal tussle and the likelihood of losing some valuables of yours, in a case where you have some hidden money or worth somewhere such as bitcoin, it would be largely wise to keep mute about your bitcoin holding.

[agentx44]

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'

We all know how hard it is to undergo a divorce procedure so showing your btc wallet would just be another nuisance for you knowing how much money mean on the world right now. If you have nice crypto dealing, you would rather keep it than let your spouse know it cause it may become another issue for you two. Always make sure you have your crypto well protected even from your loved ones, remember alwazs that money is the root cause of greed in the world.

[Mometaskers]

Why do I have the feeling that OP has been watching MGTOW channels? 

Anyway like most people have already said, it depends if your spouse knows that you have crypto. I just don't know how far they can compel you to reveal your addresses/physical wallets and encash your crypto.

I think even if your wife only have a suspicion of you having them, she'll try to find a way to force you to give them up. If you already have crypto before getting married, don't tell her. I think it's possible to keep items in trust that can be given to your heir if you died in case you are worried about your children. Not sure about including this in the will while still married since they could find out about your store.

This thread is funny though, lol! Well I believe that still a good relationship in marriage is what matters rather than having a Fat BTC Wallet. What money can do for me if I don't have even a wife behind me that will comfort me when I am down, still happy marriage is what matters and having a Fat Btc wallet is just a bonus.

And what will a wife do for you after she divorced rape you and took your car, your house and your children away? So long with "Till death do us part".

I think many of us non-Americans are still not worried about this but for them it is really in an issue, considering marriages there already have a 50% of ending in divorce (and the survey I was basing this on was from 2012 mind you). Sure we are joking about it but this is something that must be discussed. Crypto might be one of the ways a divorced man don't end up living on the street.

[ecnalubma]

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 

I think every married crypto people should do this lol unless you want to be fair with your ex partner. But I haven't heard cases like this yet, maybe if your ex partner discover your crypto funds it will not be easy for the court to make decisions because it will be hard to handle a matter like this. 

[Google+]

I think one day I will provide information on how to use cryptocurrency and how to access the cryptocurrency wallet so that when he is proficient with it all I just need to provide a will in the form of a private key that can be used for access to the wallet and all the cryptocurrency assets that I have so that the assets that I have can be used by my wife and child when I'm dead.

[nasipadang]

It depends on you, I am the one who will tell my couple where all my money is coming from. In my country giving half the assets owned while still a partner is a thing to do, it depends on the situation why you can get a divorce. You can also give a lawsuit to not want to give half the assets for several reasons.