Digital Assets in Divorce: Locating, Identifying, and Valuing Cryptocurrency and Nonfungible Tokens

A live 90-minute CLE video webinar with interactive Q&A

Tuesday, February 15, 2022

1:00pm-2:30pm EST, 10:00am-11:30am PST

Early Registration Discount Deadline, Friday, January 21, 2022

or call 1-800-926-7926
Add to your calendar

This CLE course will guide family law practitioners on identifying, locating, and valuing digital assets, such as cryptocurrency and nonfungible tokens (NFTs) in a divorce. The panel will offer best practices for handling the unique challenges of these ever more prevalent and increasingly more complex and valuable marital assets.

Description

Family law practitioners must understand digital assets, such as NFTs and cryptocurrency, due to their novelty and the difficulty of discovering, assessing, and litigating over them. These assets are increasingly common, ever-more complex, immensely profitable, not heavily regulated, and easy to hide (monero, dash, zcash, PIVX, verge, horizon, and grin). Even if disclosed, digital currency is often underreported. Failure to recover or preserve these assets during divorce and property division could result in grave harm to the client.

In today's divorce proceedings, counsel should formally request documentation concerning cryptocurrency, NFTs, and any other similar currency. It may take a forensic accountant to uncover these items if a spouse refuses to disclose them. Failure to do so may deprive the non-cryptocurrency-owning spouse of a significant financial asset.

Proper disclosure of cryptocurrency or NFTs does not end the special issues related to these assets. They must be valued. But, they are highly speculative and subject to wild swings in value. It may even be possible to manipulate the apparent value of these assets. Such fluctuations add substantial complexity to the proceedings.

Listen as our panel provides guidance to family law practitioners on handling cryptocurrency assets in a divorce. The panel will discuss navigating the unique issues of locating and valuing digital assets and best practices for managing this marital asset.

READ MORE

Outline

  1. Overview of digital assets
  2. Requesting records
  3. Reviewing records
  4. Forensic investigation strategies
  5. Valuation
  6. Best practices for counsel in handling digital assets in divorce

Benefits

The panel will review these and other relevant topics:

  • What are cryptocurrency and NFTs, and where are they found?
  • How can divorce attorneys locate digital assets in a spouse's financial records?
  • How are these volatile assets valued?
  • What are the liquidity issues related to digital assets?
  • What are best practices for counsel when handling divorces that involve cryptocurrency assets?

Faculty

DiMichael, Mark
Mark DiMichael
Partner
Citrin Cooperman

Mr. DiMichael is a partner in the forensic, litigation, and valuation services department. He is also the co-founder...  |  Read More

Gilston, Gregory
Gregory Gilston, Esq.
Attorney
Vetrano | Vetrano & Feinman

Mr. Gilston has chosen to limit his practice to family law, including the areas of divorce, custody, equitable...  |  Read More

Shilts, Josh
Josh Shilts, CPA/ABV/CFF/CGMA, CFE
President
Shilts CPA

Mr. Shilts provides law firms, corporations, individuals, trustees, receivers and government entities with expert...  |  Read More

Attend on February 15

Early Discount (through 01/21/22)

Cannot Attend February 15?

Early Discount (through 01/21/22)

You may pre-order a recording to listen at your convenience. Recordings are available 48 hours after the webinar. Strafford will process CLE credit for one person on each recording. All formats include course handouts.

To find out which recorded format will provide the best CLE option, select your state:

CLE On-Demand Video

Download