Carnegie Divorce Lawyer
Divorce: Hiding Assets Via Cryptocurrency
For as long as there has been divorce, spouses have suspected one another of hiding assets.
“Originally, it was under the mattress, and then it was the bank account in the Caymans; now it’s crypto,” according to a recent article in The New York Times.
The rise of cryptocurrencies has led to increased divorce litigation over suspicions that spouses are using the new medium to conceal the true value of the marital estate.
Forensic investigators are often hired to track the movement of cryptocurrencies like Bitcoin from online exchanges to digital wallets.
Digital assets can be traced. Transactions are recorded on blockchains, enabling analysts to follow the money.
Spivak Law Firm handles all areas of family law, including: divorce, high net-worth cases, equitable distribution, spousal support, and alimony. In some cases, we work with forensic accountants to determine the value of a marital estate.
To schedule a consultation, call Spivak Law Firm at (412) 344-4900 or toll free at (800) 545-9390.
Calculating Child Support in Pennsylvania
Q: How do courts calculate child support?
A: Courts follow support guidelines created by the Pennsylvania Legislature when determining a child support order. Under Pennsylvania law, both parents must continue to support their children even after a divorce. The obligation generally continues until the child turns 18 or graduates from high school, whichever happens last. In determining a child support obligation, courts consider the incomes or earning capacities of both parents. Statewide support guidelines establish a presumptive amount of support with the primary focus placed on income.
Spivak Law Firm handles all family law matters, including: divorce, child custody, child support, spousal support, and PFAs. To schedule a consultation, call Spivak Law Firm at (412) 344-4900 or toll free at (800) 545-9390.