Illinois residents who have cryptocurrency assets and are planning to end their marriages should be prepared for the likelihood that the divorce process will be much longer and more difficult than usual. There are issues regarding cryptocurrency that can make it difficult to locate and value them.
When people decide to divorce later in life, they may have particular concerns about their financial future. One of the most significant aspects of "gray divorce" can be the distribution of retirement funds. These distributions are increasingly common, especially as the divorce rate for people over 50 has more than doubled over the past two decades. These divorces can be substantially different from those between younger people. In many cases, the split is more amicable, and issues like child support and custody are unlikely to be significant.