Cryptocurrency, Non-Fungible Tokens and Digital Assets are now common enough to frequent divorce cases as assets to be divided, but still new enough that most people are unfamiliar with what it represents. Attorneys need to understand how these digital assets are purchased, how they are stored, and how they are maintained.
In this episode of Divorce, Healthy!, host Ashley-Nicole Russell speaks with attorney Ben McLawhorn of McLawhorn & Russell, PLLC about cryptocurrency and other non-fungible tokens in divorce court. Ben aims to educate both clients and fellow attorneys on digital assets and how to approach them in litigation and settlement discussions. The two discuss at length the equitable distribution of crypto, Bitcoin, Ethereum, Smart-Contracts, NFT’s, Blockchain and the Metaverse and how those concepts play out in collaborative law proceedings versus in family law litigation. Ashley-Nicole discusses that Collaborative is an evolved model allowing the value of the assets to be obtained in a more transparent way across North Carolina and throughout the country.
How do you know if you even have Crypto or what if your spouse understands it far better than you? Ben discusses the challenges that come with digital assets, such as ensuring clients disclose them to their attorneys, the difference between mining and trading cryptocurrency, and how to store and cash in digital assets. There are so many facets to cryptocurrency that need to be understood and considered when dealing with it divorce cases; from Bitcoin to NFTs and Ethereum to blockchains, Ben uses his knowledge to ensure his clients are being treated fairly.
Tune in to this episode of Divorce, Healthy! with Ashley-Nicole Russell, Collaborative Attorney serving Beaufort, Raleigh, Wilmington and Greenville, NC.
💡 Featured Guest 💡
Name: Ben McLawhorn
What he does: Ben is an attorney at McLawhorn & Russell, PLLC, where he specializes in employment law, Social Security disability, and family law. Ben also works in tandem with Ashley-Nicole Russell, using an individualized litigation approach to ensure their clients’ rights and interests are protected.
Words of wisdom: “You need to have somebody who's knowledgeable in this space, who understands what these digital assets represent, and how they are to be handled during a divorce.”