Who Gets Cryptocurrency in a Divorce?
What happens to cryptocurrency in divorce? If cryptocurrency and bitcoin is purchased during the marriage with marital income, it will be subject to division in divorce like any other asset. Valuation of cryptocurrency and bitcoin may depend on the market at the time.
Can cryptocurrency be split in a divorce?
Who gets crypto in a divorce?
The person who gets crypto in a divorce is usually the one who has a higher risk appetite. That would be my answer to that. I think my advice on who should get crypto stems from that. It’s all about risk appetite. If they’re asking for my advice, I think I would look at this person’s current financial situation, where this individual hopes to be in 5, 10, 20 years. What are their job prospects? And then also what other assets do they have? I think that anyone who looks at crypto recognizes it’s volatile, so it’s probably not something the majority of my clients would want to a hundred percent be invested in.
“Cryptocurrency in Divorce” is a video series with Joshua Shilts CPA/ABV/CFF/CGMA, ASA, CFE answering important questions from divorce attorney Miles Mason, Sr. Miles attended two of Joshua’s lectures with the AICPA’s Forensic and Valuation Services annual national conference and the Tennessee Society of CPA’s annual forensic conference. “Joshua is a dynamic and exceptional speaker. We had to get Joshua on our YouTube channel!” We are fortunate he agreed to educate us on this emerging topic in family law and hope to have him back soon. View his videos:
Tracing Cryptocurrency & Finding the Crypto Wallet in Divorce
Divorce & Cryptocurrency War Story
Three Best Cryptocurrency Tips for Divorce Lawyers
Meet Josh Shilts, the Forensic and Business Valuation Expert
Joshua Shilts CPA/ABV/CFF/CGMA, ASA, CFE
President of Shilts CPA, PLLC, Mr. Shilts’ practice is located in Jacksonville, Florida, but testifies nationally. He is focused on assisting attorneys, individuals and businesses with complex financial matters and disputes. Mr. Shilts has held roles with international consulting and public accounting firms in Miami and New York City as well as positions with large public organizations. Mr. Shilts is a frequent lecturer on a variety of forensic accounting matters. He has been involved with hundreds of forensic investigations dealing with a variety of matters involving personal and business disputes as well as the identification and mitigation of fraudulent activities. Clients have sought Mr. Shilts’ advice and services because of his unique industry experience and knowledge.
Mr. Shilts has provided expert testimony in commercial and family matters surrounding business valuation, economic damages, fraud and other applicable disciplines surrounding economic and accounting issues. He has been qualified as an expert and testified in State and Federal courts.
To learn more about Mr. Shilts and his firm, please view: Shilts CPA, PLLC
