How cryptocurrencies are treated upon divorce—HNW Divorce Magazine
Managing Partner James Carroll and associate Imogen Runacres have co-authored an article in Thought4Leaders4 HNW Divorce Magazine, exploring the evolving landscape of family law in response to the growing prevalence of cryptocurrencies, highlighting key considerations for family lawyers in navigating the disclosure, valuation, and division of these assets in divorce proceedings.
If someone has noticed their spouse discussing cryptocurrency during their marriage, but they have been unable to find evidence of this in their bank statements or tax returns, the court could draw adverse inferences and conclude that their spouse should be treated as holding cryptocurrency on their side of the balance sheet and in turn, they would be awarded a smaller share of the remaining marital pot."
The full article is available to read online on page 28-29 of Thought4Leaders4 HNW Divorce Magazine.
James Carroll is in the family and children team, specialising in the financial and other consequences of relationship formation or breakdown. James is an expert in complex financial matters, including those involving businesses and trust/tax structures, often with an international dimension. Imogen Runacres is an associate in the family and children team.
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