Dividing Points, Miles And Cryptocurrencies

For most people, "property division" in divorce includes the house, bank accounts and tangible possessions. It makes sense as those are the most common possessions shared by married couples. However, it is important not to lose sight of other assets, including those that have gained prominence in the tech age.

Our team at Foster Hsu, LLP, finds that couples often overlook assets such as:

  • Cryptocurrencies, such as bitcoin and Litecoin
  • Airline points and frequent flyer miles
  • Hotel rewards points
  • Credit card rewards

Splitting Cryptocurrencies

Dividing cryptocurrencies can be difficult. The value can change from one day to the next, so a list of assets that gives one amount may not match the currency's true value when the judge signs your divorce decree.

You should talk with a knowledgeable attorney if you or your spouse has cryptocurrency. Foster Hsu, LLP, can help you understand what steps to take when dividing such a dynamic asset.

Some couples accumulate a significant amount of credit card points or other rewards, which can be valuable. While there can be some debate about who earned the points, miles or other rewards, in general, if you earned them during the marriage, the court will divide them between both spouses.

We Understand Your Interests

Nontraditional assets can make divorce more complicated. It is important to have an advocate on your side when deciding how to divide shared assets. Call our office at 408-841-7200 or contact us online to make an appointment.

We speak English and Mandarin.