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New Jersey Divorce: What Happens When Your Ex Hides Digital Assets?

Posted by Joseph D. Lento | Jul 02, 2022 | 0 Comments

Divorce can be contentious, even when both sides are honest with each other. Matters can truly derail, however, when one person decides to hide assets from the other to avoid splitting the property in the divorce. When you go through a divorce in New Jersey, each person must provide an honest accounting of their marital assets to calculate the appropriate division of property. It should be noted that marital assets are subject to division, and in New Jersey, they include:

  • Assets acquired during the marriage
  • Gifts given by one spouse to another

Non-marital assets in New Jersey, on the other hand, might include:

  • Assets acquired before the marriage
  • Gifts given to one spouse by a third party
  • Assets inherited by only one party
  • Assets purchased with income clearly earned prior to the marriage

Of course, there is nuance in determining what will ultimately qualify as marital or non-marital property, and you should always discuss these nuances with an experienced New Jersey family law attorney.

Crypto and NFTs Can be Difficult to Trace During Divorce

Notoriously, cryptocurrencies and nonfungible tokens (NFTs) are difficult to trace. In fact, this discretion can be part of their appeal. If you suspect the person you're divorcing is hiding digital asset investments, you may need to dig pretty deep to determine what you're entitled to.

With the help of your attorney, you can petition the New Jersey family law court to order a subpoena that will compel your ex to produce computer records and accounts attached to cryptocurrency wallets. While digital assets aren't always easy to track down, these assets aren't entirely anonymous.

Proving hidden crypto assets during a divorce can be a lengthy and tedious endeavor, and sometimes the investigation requires expert testimony and a thorough examination of bank statements, financial documents, emails, tax returns, and so on. Still, if you're ex is intentionally hiding marital assets you're entitled to, then they will probably be on the hook for paying the expenses of this in-depth investigation.

Hiding Assets During a Divorce is a Crime in New Jersey

Some individuals going through a divorce are tempted to hide assets, so they don't have to split the property with their ex. Not only is this practice dishonest, but it's also illegal. Hiding property that a spouse would be entitled to constitutes fraud, and could result in jail time, fines, and a host of other headaches. If you suspect the person you're divorcing is hiding marital property from you, you should advise your attorney so they can request the court to subpoena your ex.

Retain a New Jersey Family Law Attorney Right Away

If you suspect the person you're divorcing is hiding marital assets from you, you need to talk to an experienced divorce attorney in New Jersey. Family law attorney Joseph D. Lento has years of experience fiercely advocating on behalf of individuals whose exes are behaving dishonestly. To learn how the Lento Law Firm can help you, contact us online today or call 888-535-3686.

About the Author

Joseph D. Lento

"I pride myself on having heart and driving hard to get results!" Attorney Joseph D. Lento is a veteran of one of the nation's busiest family courts with nearly 20 years' experience passionately helping families. By day, he worked in the trenches of family court, and at night, he studied the law. He helped countless families while working at family court, and he went on to become an attorney, dedicating his law practice to continuing the work he started years earlier. Mr. Lento's experience both behind the scenes and on the front lines allows him to understand a client's family law matter from all angles, and allows him to find and employ the most effective strategies to get favorable outcomes for any client. Joseph D. Lento is licensed in New Jersey, Pennsylvania, and New York, and is admitted pro hac vice as needed nationwide. In the courtroom and in life, attorney Joseph D. Lento stands up when the bell rings! He does not settle for the easiest outcome, and instead prioritizes his clients' needs and protects their interests.

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Attorney Joseph D. Lento has more than a decade of experience practicing Family Law in New Jersey. If you are having any uncertainties about what the future may hold for you and your family, contact our offices today. Family Law Attorney Joseph Lento will go above and beyond the needs for any client and fight for what is fair.

This website was created only for general information purposes. It is not intended to be construed as legal advice for any situation. Only a direct consultation with a licensed Pennsylvania, New Jersey, and New York attorney can provide you with formal legal counsel based on the unique details surrounding your situation. The pages on this website may contain links and contact information for third party organizations - the Lento Law Firm does not necessarily endorse these organizations nor the materials contained on their website. In Pennsylvania, Attorney Joseph D. Lento represents clients throughout Pennsylvania's 67 counties, including, but not limited to Philadelphia, Allegheny, Berks, Bucks, Carbon, Chester, Dauphin, Delaware, Lancaster, Lehigh, Monroe, Montgomery, Northampton, Schuylkill, and York County. In New Jersey, attorney Joseph D. Lento represents clients throughout New Jersey's 21 counties: Atlantic, Bergen, Burlington, Camden, Cape May, Cumberland, Essex, Gloucester, Hudson, Hunterdon, Mercer, Middlesex, Monmouth, Morris, Ocean, Passaic, Salem, Somerset, Sussex, Union, and Warren County, In New York, Attorney Joseph D. Lento represents clients throughout New York's 62 counties. Outside of Pennsylvania, New Jersey, and New York, unless attorney Joseph D. Lento is admitted pro hac vice if needed, his assistance may not constitute legal advice or the practice of law. The decision to hire an attorney in Philadelphia, the Pennsylvania counties, New Jersey, New York, or nationwide should not be made solely on the strength of an advertisement. We invite you to contact the Lento Law Firm directly to inquire about our specific qualifications and experience. Communicating with the Lento Law Firm by email, phone, or fax does not create an attorney-client relationship. The Lento Law Firm will serve as your official legal counsel upon a formal agreement from both parties. Any information sent to the Lento Law Firm before an attorney-client relationship is made is done on a non-confidential basis.

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