Rowe Law Offices, P.C.
Call us for a free initial consultation
610-816-0935 Local
866-232-1913 Toll Free

How one spouse could throw off the divorce settlement

Divorce is not easy. There is no getting around that fact and there will be many people in Reading who will rely heavily on their support systems as they start, continue and end the divorce process. What can make the divorce process particularly difficult, however, is having one or both spouses refuse to cooperate. One way for divorces to go more smoothly is for both spouses to be open and honest, which can be difficult if dishonesty is what led to the end of the marriage.

One area in which it is particularly important for Reading couples to be honest is about marital assets and property. Pennsylvania law requires an equitable distribution of assets and debts, which means that if one spouse is hiding money or property, he or she will likely bring down the other spouse's portion of the divorce settlement. Of course, most spouses realize this, so it is safe to assume that if one spouse is hiding assets, he or she is doing so to throw off the settlement.

Forensic accounting has always been a way to determine if a spouse has been hiding money. It can be a complicated process, but one that is, regrettably, necessary in some divorces. There have been advances, however, that are making it harder and harder to track money that one spouse may be trying to squirrel away. One such advance is Bitcoin and electronic currency.

Bitcoin can be used relatively anonymously, which makes it an ideal way to hide assets from a spouse and his or her lawyer. It can be particularly effective when the money is transferred to other individuals and held overseas. In time, however, forensic accountants will likely be able to find assets hidden via Bitcoin, too.

Source: CNBC, “Bitcoin could be used to hide assets in divorces, warn lawyers,” Jane Croft, June 3, 2014

No Comments

Leave a comment
Comment Information
Get in touch

How Can We Help You?

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Wyomissing Office
1200 Broadcasting Road
Suite 101
Wyomissing, PA 19610

Toll Free: 866-232-1913
Phone: 570-362-6837
Phone: 610-478-7725
Wyomissing Office Location

Lancaster Office
8 N. Queen Street
Suite 1102
Lancaster, PA 17602

Toll Free: 866-232-1913
Phone: 717-207-8375
Lancaster Office Location

610-816-0935 Berks County 717-345-3208 Lancaster County 570-362-6837 Schuylkill County 866-232-1913 Toll Free
610-478-8365 Fax
BBB Accredited Business Facebook