Post
Topic
Board Legal
Re: My buddy is getting a divorce. Can the court seize half of his bitcoins?
by
scribbles
on 24/06/2014, 19:48:49 UTC

Perhaps the phrase 'I'd rather gamble it away than give it to the ex-wife' wouldn't go well with the court...


Exactly. If a man took money out of the bank (community property in most states) and then lost gambling, the judge could decide to offset that in the asset distribution of the divorce. If the judge were especially unhappy with this kind of behavior it could really backfire.

Gentlemen, if your are single, put you money in cold storage wallets BEFORE you get married. Wish I would have known about bitcoin in 2011  Undecided