WHAT HAPPENS WHEN YOU HAVE A NASTY DIVORCE AND A FAT BTC WALLET? - page 2.

Edraket31

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Quote from: Mometaskers on October 22, 2019, 02:03:14 PM

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

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.

TrevorS

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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.

Mometaskers

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

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.

mazdafunsun

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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,

boltz

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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.

qwertyup23

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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.

Quote from: shaun98 on January 06, 2018, 04:02:51 AM

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....

Lapatai

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Trying to make the world better for everyone.

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?

woodsgregory13

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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.

shaun98

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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.

zee123

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Quote from: jaysabi on December 10, 2017, 12:39:36 PM

Quote from: zee123 on October 03, 2017, 12:33:11 AM

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' Grin

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.

jaysabi

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★777Coin.com★ Fun BTC Casino!

Quote from: zee123 on October 03, 2017, 12:33:11 AM

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' Grin

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

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Quote from: BitcoinPanther on November 15, 2017, 04:50:55 PM

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.

zee123

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Quote from: Oilacris on November 15, 2017, 03:12:34 PM

Quote from: drachman on November 15, 2017, 02:21:18 PM

Quote from: DroidR17A on November 09, 2017, 12:14:45 AM

Quote from: gentlemand on November 08, 2017, 09:39:09 AM

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

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Quote from: innocent93 on November 22, 2017, 08:17:48 AM

Quote from: zee123 on October 03, 2017, 12:33:11 AM

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' Grin

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

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Quote from: Bitcotalk on November 15, 2017, 08:02:17 AM

Quote from: gentlemand on November 08, 2017, 09:39:09 AM

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.

brickafterbrickwalldpt

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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

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Quote from: imamimam1234 on November 09, 2017, 02:03:02 PM

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

zee123

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Quote from: dothebeats on November 09, 2017, 01:33:58 PM

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 Grin

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

Terraformer

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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.

setupbounds

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Quote from: Sacredtoad on November 15, 2017, 06:25:05 PM

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.

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