Skilled Cryptocurrency And Asset Division Lawyers In Austin
In Texas, divorce proceedings can be complex, especially when they involve digital assets. As a major tech hub, Austin is home to many individuals with diverse investment portfolios, including cryptocurrency and other digital assets.
At Powers Kerr & Rashidi, PLLC, our lawyers have more than 70 combined years of experience handling family law cases. As mediators and board-certified family law attorneys in Texas, they are adept at handling even Austin’s most complicated cases.
Our attorneys also understand the intricacies of dividing digital assets during divorce, including the impacts of blockchain technology, bitcoin mining operations and intellectual property rights related to mining companies. With their vast knowledge and experience, they can help you seek a fair settlement.
Do I Have To Split My Crypto In An Austin Divorce?
In Texas, cryptocurrency and other digital assets are considered property that is subject to division between spouses in a divorce, just like traditional assets. Some of the most popular cryptocurrencies in the Austin area include:
- Bitcoin
- Ethereum
- Litecoin
- Ripple
- Dogecoin
In Texas, property acquired during marriage is typically community property, divided equally in divorce. Separate property, which a spouse has owned before marriage or acquired through inheritance or gifts, is usually retained by that spouse.
If your digital assets are community property, then they can be divided. An attorney can help you understand the valuation and division of digital assets during divorce, taking into account taxation implications and compliance with securities law.
Can I Get An Attorney If I Need To Recover Crypto Losses?
If your cryptocurrency or digital assets have experienced a reduction in value during your marriage, or if you suspect hidden assets by your spouse, our Austin lawyers can help you address these concerns. Here are some ways our attorneys can assist you in recovering crypto losses:
- Investigating the cause of losses
- Valuing digital assets
- Negotiating with your spouse or their attorney
- Representing you in court
- Identifying hidden or unreported digital assets
- Analyzing transactions to track asset movement
- Providing expert testimony on digital asset valuation
To ensure a comprehensive approach, our attorneys collaborate with experts in the Austin community such as forensic accountants, financial analysts and digital asset specialists. This approach allows us to develop a thorough understanding of your digital assets and create a tailored strategy to help recover your losses.
Our goal is to advocate for a fair division of digital assets, accounting for any losses due to a spouse’s improper actions within the divorce proceedings. For losses stemming from external fraud or theft, we can advise on impacts to your marital estate.
Is Your Spouse Hiding Crypto Or Digital Assets?
In today’s digital age, blockchain technology can sometimes conceal transparency. Many Austin residents worry that a tech-savvy spouse may be concealing community property through cryptocurrency, NFTs or offshore digital wallets. Because Texas is a community property state, these digital assets are subject to division, just like a family home or a 401(k).
Our Austin divorce lawyers are meticulously detail-oriented in their approach to discover hidden digital assets. We can look for digital breadcrumbs such as unexplained transfers to exchanges like Coinbase or Kraken, or hardware wallet receipts in bank statements. In addition, our firm has a roster of forensic experts at its fingertips. By using forensic accounting and targeted subpoenas, we can trace the so-called spaghetti bowl of digital transactions. There is no stone we leave unturned as we fight for a final settlement that reflects the true value of your marital estate.
Don’t let your financial future disappear into a private key. Work with our Austin-based legal team and our local experts to reclaim what is yours.
Get Help With Cryptocurrency And Asset Division In Travis County
It is essential to hire a divorce attorney who understands cryptocurrency and digital asset division. At Powers Kerr & Rashidi, PLLC, we can help you navigate the legal process and pursue a fair outcome. Call us today at 512-593-7560 or complete our online form to arrange a consultation with one of our Austin cryptocurrency and asset division lawyers.