WHAT HAPPENS WHEN YOU HAVE A NASTY DIVORCE AND A FAT BTC WALLET? - page 5.

zee123

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Quote from: Bagaji on October 24, 2017, 11:48:39 PM

All depends on the country or region you leave or referring to for such laws or contract doesn't exist in my country and as such the lady in question will have nothing to benefit from my assets except some assets that are in her name.

Hi Bagaji, alright for some, don't be surprised if the marriage rate goes up in your country.

zee123

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Quote from: waynechong1995 on October 20, 2017, 11:41:22 PM

Well if you don't reveal how much buying power you could have with these FAT BTC WALLET that shouldn't be a problem i guess, but i wonder is that true that these kind of proceedings would involve cryptocurrencies as part of your assets as well, lawfully? Well if really a NASTY divorce happens i wouldn't give a single Satoshi unless court order me to do so or having my dear children separated. How painful it was to giving up your precious investment assests considering BTC is at its infant stage to another NASTY person who took your wealth as granted? Hell noooooooooo

Hi waynechong1995, believe me, anything that smells like money is money. And you know the saying the love of money is a b****. Well, not exactly that's one of mine. Look through history anything that can generate money becomes part of what the legal system would try to control. Satoshi definitely falls under this category, so expect the bitter spouse to come for it with the mighty hammer of the law. But I agree with you not a single penny would pass if it can be avoided.

Bagaji

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All depends on the country or region you leave or referring to for such laws or contract doesn't exist in my country. Based on laws in my country, the lady in question will have nothing to benefit from my assets except some assets that are in her name.

Saifher

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Keep it to yourself if you were the one who accumulated it! In most cases we can read here on the forum, the partner doesn't even understand much (or is very engaged) the idea of bitcoin/blockchain/crypto, so they probably wont even notice Cool

drachman

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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 depends, by law most of the time the person you were married is entitled to half of that money, however if you are able to maintain that amount of bitcoin in secret then you could in theory keep it just be careful if you are found out hiding money like that you may get in serious trouble.

orions.belt19

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I envy your big fat wallet but seriously speaking, this would spell some trouble for you! Under the law of succession, the spouse is entitled to 50% of all your assets and savings. This would mean that your wife is entitled to half of the contents of your big fat wallet! Unless you’re okay with being unfair by not declaring all of your holdings, you don’t have a choice here. The moral way is to give what she is entitled to.

cryptoalfs76

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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

Will i thinks it great! If i have a burf fat wallet of btc and im in the situation of divorcing my wife,all i can do is to pay my devorce in fiat moneyand continue to keep my btc that's she would not know in my wealth because i'm the one only digging this.i save all my bitcoins to support our children future.and find another women who accept me who i am.

Zero.X

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As long as you've never shared your address, you should be good. It's fine if they know you're dealing with the currency, but if they didn't have access to it before, they shouldn't now.

Webetcoins

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Quote from: lienfaye on October 22, 2017, 01:22:45 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

My partner knows what im up to and i dont keep a secret between us so she knows everything. If ever we divorced i prefer to give her share in fiat but the kind of personality she has i assume she will insist to have btc as well. I think thats the disavantage of being open to your partner and then suddenly you both decided to have seperate lives.

This is good if you are sharing about the all things with your partner and you are giving her the share, the bitcoin is the best thing and the right choice than the fiat so I think if she will demand for the bitcoin and then she will give the more share, I would like to suggest her to take the bitcoin and make more money than your given share, bitcoin is the best choice for all the people.

JL421

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nothing you happily agree to get divorce as long as your wife isnt aware of it even if she is i don't think you will have to provide any of your hard earned coins to her because it isn't a legal currency so you don't have to worry to give her any of it

Sithara007

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There are both positives and negatives in hiding the Bitcoin holdings. If you hide them, then the divorce proceedings may go on for 5-6 years (or even more) and you may not be able to spend your coins. Even after the divorce is finalized, you may not be able to spend your coins for the next 2-3 years. But if you reveal your holdings, then 50% of that is going to go to your spouse.

lienfaye

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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

My partner knows what im up to and i dont keep a secret between us so she knows everything. If ever we divorced i prefer to give her share in fiat but the kind of personality she has i assume she will insist to have btc as well. I think thats the disavantage of being open to your partner and then suddenly you both decided to have seperate lives.

gabmen

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Interesting thought though. If i were the one dealing with bitcoin, then it stays with me. I don't think my spouse will have any say about it sincr bitcoin isn't a physical or material asset. I don't know how legally that will be handled but as far as im concerned, that's how i plan to do it.

waynechong1995

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swing!

Well if you don't reveal how much buying power you could have with these FAT BTC WALLET that shouldn't be a problem i guess, but i wonder is that true that these kind of proceedings would involve cryptocurrencies as part of your assets as well, lawfully? Well if really a NASTY divorce happens i wouldn't give a single Satoshi unless court order me to do so or having my dear children separated. How painful it was to giving up your precious investment assests considering BTC is at its infant stage to another NASTY person who took your wealth as granted? Hell noooooooooo

peter0425

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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

Hahaha. Nice scenario mate. Of course when you are still at it together, chances are you have told your wife that you have stash of bitcoin somewhere and its a good investment for the future. So pretty sure that she has an idea what it is, and it you are really unlucky she might have research about it when you are in the office. Wink

Then going back to the future, nasty divorce, your wife says that she wants some share of your bitcoin. My answer: NO, I will deny that I have bitcoins or worst I don't know what bitcoin is. Grin

. Your wallet has no name in it and your wife is just speculating that you have. So its only based on heresay. LOL. I will deny and won't admit it specially by investment is making me good money. HELL NO!!. Hahahaha

zee123

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Quote from: Mainman08 on October 13, 2017, 09:42:39 PM

My wife knows all my transaction in bitcoin. I don't want hiding anything to her because i love her and i trust her. But if our marriage will come to a divorce i will make a set up with her. We will give the 50% of my BTC to our child. And then we split the remaining balance.

First, I hope you don't split with your wife. But hypothetically speaking when such things like divorce occur it is quite unrealistic to think you know how your wife would think especially if the divorce was brought about by infidelity from one party. It is an unpredictable situation, your partner's lover or outside intrusion my influence your partner in wanting half before even focusing on the kids. Best thing I believe is to either to split it in half or simply hide the existence of the wallet. But hey this is not financial advice, just in case lol

portotoi

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hahaha that scenario is so funny! Cheesy

But if that case happen to me, well i should not let him go! Grin

not because i still love him but he knows my btc address or my credentials which is more important to me than him. I may be still good to him hahahahah

Mainman08

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My wife knows all my transaction in bitcoin. I don't want hiding anything to her because i love her and i trust her. But if our marriage will come to a divorce i will make a set up with her. We will give the 50% of my BTC to our child. And then we split the remaining balance.

zee123

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Quote from: Smarty14392 on October 12, 2017, 07:04:02 AM

Quote from: Kiweikoo on October 11, 2017, 09:04:30 AM

Quote from: zee123 on October 10, 2017, 08:26:05 AM

Quote from: Flodemaga on October 10, 2017, 08:08:48 AM

Since you are marriage it shouldnt be any secrets between, my wife does know i do play crypto and she knows in part what i have over it, she doesnt understand pretty well it. If happens a divorce she wont take anything because she hasnt the keys neither the adress, and as i know she will need to proof i do own such coin, but sure for some people its risked to talk about their portfolio.

Uhmm not sure that's a good idea. Lawyers her dangerous, and you will drop that key when there's a noose around your neck. I mean the law of course.

I think the law is important to have in the bitcoin because the value of the bitcoin will be high when more and more people will be able to invest and now it is very easy to hold your bitcoin in your wallet and the wallets like the Amazon, the block chain are the best to hold your bitcoin and to increase your money for the bright future.

Bitcoin is one of the sensible investment that can be used for long term saving as well as for the short term profit and bitcoin will help in any financial problem whether it is paying some debts or paying bills bitcoin is mainly a savoir of this era and all the people invest in it just because it will help them to overcome financial problems and als0 help them to make money faster.

I guess your answer is to keep the bitcoin. Makes sense.

zee123

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Quote from: Cosbycoin on October 12, 2017, 06:08:20 AM

Quote from: Jateng on October 10, 2017, 08:44:13 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

Me too I am not married but if ever I have a fat bitcoin wallet even though I got divorced or whatever, I think I have less worry about to where I am going to get money to use for my daily needs and my kids needs (if I have). But I can't be sure if I will be happy. Bitcoin is money, money is just money, and not all things can be bought by money. At the end of the day being alone is the worst part of life. You will not know whay will happen after that "divorce".

Bitcoin helps in every hard stages of life and it had helped a lot of people to get rid of such type of expenses and bitcoin is the savior of this era it allow anyone to make himself financially stable and whereas divorce case Is concerned, it will help that wallet holder, it doesn’t matter who is with yu or not the thing matter how much money you owe.

Don't understand what you are trying to say in relation to the question above. Roll Eyes

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