When it comes to divorce, it is not uncommon for certain people to feel like they need to – or should – hide assets from their significant other. There are many reasons for individuals to do this, ranging from feeling spiteful toward an ex to having genuine concerns about financial stability in the future.
In today’s modern climate, many of these people will turn to digital assets in their attempts to hide money away from a spouse. But how can you locate these?
The understanding of cryptocurrency
CNBC discusses finding digital assets. For a long time, cryptocurrency and other forms of digital assets remained relatively unknown to the general public. Many spouses did not even consider checking these avenues as a way of locating missing assets, so lawyers typically did not concern themselves with it, either.
These days, however, cryptocurrency has come into a broader spotlight. More people consume and use it, and more people understand it. Thus, some of the mystery surrounding it has worn off. More regulation continues to surround digital currency as the IRS begins to step in to control it, too. This allows for even easier tracking.
Locating hidden assets
Of course, the first step to finding hidden assets is to have reasonable suspicion that something is amiss, though. This can manifest in changed spending behaviors, such as a spouse suddenly saving or spending excessively. It can also manifest in a wariness to share financial information, including seemingly harmless items like receipts for daily purchases.
After suspecting something amiss, you can gain the help of a forensic financial analyst. One with background in digital currency could do a lot of help in a case such as this.