v THE HERALD - Your Community Magazine v 5th October 2023 • The HERALD • Page 59 Sanders Design S E R V I C E S L T D BUILDING PLANS AND DETAILED DRAWING SERVICE Complete professional service for extensions, conversions, new houses and commercial projects • Computer Aided Design Drawings • Free Initial Visit and Quotation 95 Cedar Road, Hythe, Southampton SO45 3PX Tel: 023 8020 7195 Email: info@sandersdesignservices.co.uk Web: www.sandersdesignservices.co.uk ASK A PROFESSIONAL £11,000 for Three Marine Charities Eric Harris-Scott on behalf of the Blue Marine Foundation and e Maiden Foundation’s founder, Tracy Edwards MBE. Onboard Maiden in the 1989/1990 Whitbread, Tracy sailed the rst ever allfemale Whitbread crew home to Ocean Village Marina. As the a er-dinner speaker, Tracy regaled those present with tales of her on water adventures and highlighted the valuable work of her charity towards empowerment of girls through education. The Ocean Globe Race fleet, including Maiden, departed from Ocean Village Marina in the heart of Southampton on Sunday 10th September at 9.30am. e 14 yachts with their international crews headed o to the start line in front of the Royal Yacht Squadron on the Isle of Wight where veteran sailor Sir Chay Blyth o cially started the race at 1pm. Continued from page 58 Crypto Currencies and Divorce by Paul Waring, The Waring Partnership ere has been recent growth in crypto currency portfolios. Having a Revolut card account for example allows someone to quicky and easily buy and sell crypto currency. When married couples separate the assets are shared between them in a way that is fair and reasonable to both of them. Or at least that is the plan. But what happens when the asset is electronic and has no physical counterpart? Well the short answer is that there is a duty on both parties to make full nancial disclosure to each other and the court and there is no reason why this doesn’t include electronic assets. Crypto currency will be subject to the courts powers e.g. of sale and transfer as any other asset. There are however two practical di culties with crypto currencies. e rst is being aware they exist at all. ey will not appear in normal bank statements. e amount put into the crypto currency account as a stake may be visible however. ere may also be fees paid to the crypto currency platform being used. You can ask questions regarding your partner’s disclosure which will help you to work out if your partner has failed to disclose a digital asset. e second is sheer volatility. Assets have to be valued but how should this be done when the asset value movement can be so great? Crypto currency investment has been extremely popular in the last few years because of very high initial value gains. ese have been superseded more recently with heavy falls but the volatility remains and the future of Crytpo uncertain. In the seven days before writing this Bitcoin increased in value by 9.34%! A portfolio worth next to nothing just before the order is made may have leapt in value by the time of sale or transfer. Or the reverse! Putting a value on a crypto portfolio is going to prove a challenge to lawyers and Judges as electronic currency investment becomes even more common.
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