Planning for digital assets is important for several reasons. First, without a plan, digital assets may get lost in the Internet ether and not pass to your loved ones after your death due to the simple fact that their existence is unknown. Second, planning now means your family will not have to worry about hunting for these items upon your death while also grieving a beloved family member.
More and more clients are coming to us owning cryptocurrency. Cryptocurrency is a unique asset and how to handle this asset is unique as well. Cryptocurrency isn’t a common asset left in an estate like a bank account, and many people are unfamiliar with digital currency. By leaving a detailed guide on how to access…
Bitcoin and other forms of cryptocurrency have become increasingly popular forms of investment. But what are the benefits, and drawbacks, of these virtual investments in terms of estate planning? Can cryptocurrency even be passed to beneficiaries like other assets? The short answer is yes, but the process is much different than more traditional assets. One…
