How Are Cryptocurrency Assets Handled in a Divorce in New York in 2025?
Handling Cryptocurrency in Divorce in New York
As cryptocurrency becomes more common, its role in divorce cases is gaining prominence. In New York, cryptocurrency—like Bitcoin or Ethereum—can be considered marital property and is subject to equitable distribution.
Key considerations include:
1. Valuation: Determining the current value of cryptocurrency assets can be challenging due to their volatility. Expert appraisers may be needed to assess the value at the time of divorce.
2. Hidden Assets: Some spouses may attempt to hide cryptocurrency holdings during a divorce. It’s crucial to use forensic accounting tools to uncover hidden assets and ensure an equitable division.
3. Tax Implications: Dividing cryptocurrency assets can have tax implications, especially if they have appreciated in value.
At Todd Zimmer Law & Associates, we stay ahead of the curve with cryptocurrency asset analysis, ensuring a fair and transparent divorce settlement.
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