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Bitcoin and Divorce

Use Bitcoin to Pay for Your Collaborative Divorce

Family Diplomacy: A Collaborative Law Firm is proud to announce that we now accept Bitcoin and other cryptocurrencies.  If you are looking to pay for your Collaborative Divorce, Mediation, Prenuptial Agreement, Adoption, Name Change, or other family law matter via digital currency, we can help.

What is Bitcoin?

Bitcoin is a digital currency that is not controlled by any country.  According to CNET.com, Bitcoin is “decentralized — there’s no government, institution (like a bank) or other authority that controls it. Owners are anonymous; instead of using names, tax IDs, or social security numbers, bitcoin connects buyers and sellers through encryption keys. And it isn’t issued from the top down like traditional currency; rather, bitcoin is “mined” by powerful computers connected to the internet.”

Below is a short video from CBC News/Radio Canada explaining Bitcoin:

(the reproduction of this video is not an endorsement of Bitcoin or the information contained in the video nor does it constitute legal or investment advice)

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Top 3 Tips To Prepare For Divorce

Now may be a tough time if you are considering divorce.  Your mind is racing, your future is unsettled, and your questions are unanswered.  But rest assured, there are things that you can do to prepare for divorce.

Here are the top 3 tips for you to consider when you are preparing for divorce.

1.  Gather Your Financial Documents

As part of any divorce process, you and your spouse are going to need to divide your marital assets and debts.  These could include funds in checking accounts, savings accounts, money market accounts, retirement accounts, investment accounts, and other accounts.  These would also include liabilities such as mortgages, credit cards, charge cards, and loans.  Your marital assets might also include cryptocurrencies, such as Bitcoin, Bitcoin Cash, or Ethereum.  You should make sure that you have access to (or make copies of) documents, statements, and/or screenshots reflecting all of these so you and your lawyer know what there is to divide.

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