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California Family Law Attorney Discovering Crypto Wealth in Divorce Cases

2 mins
Updated by Dani Polo
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Erin Levine, a family law attorney based in Oakland, has stated that cryptocurrency-related investments have made an appearance in as many as three-to-five percents of divorce cases led by her firm.
With over 14 years of experience, she represents clients under her own legal entity, Levine Family Law Group. She also founded Hello Divorce, a service that offers advice and legal guidance to spouses looking to file a divorce. On Jan 29, 2019, Levine tweeted:

Cryptocurrency: A Marital Asset Like Any Other

In an interview with blogger Nick Rishwain, Levine said that her firm employs forensic accountants in approximately 10 percent of all cases. This is because divorce cases generally require assets to be audited, analyzed, and valued by an expert. Additionally, when asked whether spouses tend to hide their cryptocurrency holdings, she replied with an affirmative. In most cases, Levine says, people do not disclose their digital currency wealth in the initial disclosure documents. Her firm’s responsibility generally extends to discovering any such instance and legally requesting additional information. In certain other cases, spouses are aware of their partner’s cryptocurrency dealings and make the connection. To prevent missing out on cryptocurrency wealth in the future, Levine says that her firm’s financial intake process will now specifically look for cryptocurrency assets. If an individual is intentionally hiding an asset from their spouse, California law dictates that the victim is liable to receive the entire amount — instead of only 50 percent. As an attorney, she also reserves the right to subpoena the partner for additional information. bitcoin divorce

Increasing Popularity

Erin Levine is not the only family-law attorney to have found cryptocurrency investments among the list of marital assets. In a reply to her initial tweet, Ohio based lawyer Andrew Bloch said that he was also starting to observe an emerging trend among divorcing couples. Levine believes that technology companies in San Francisco’s Bay Area are also responsible for this uptick since a few of them have begun awarding digital assets as a form of bonus income. Naturally, in most cases, spouses have no knowledge of this income and may potentially lose out on money that is legally theirs. Should spouses be entitled to their partner’s cryptocurrency wealth similar to other assets? Let us know your thoughts in the comments below! 


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Rahul Nambiampurath
Rahul Nambiampurath's cryptocurrency journey first began in 2014 when he stumbled upon Satoshi's Bitcoin whitepaper. With a bachelor's degree in Commerce and an MBA in Finance...