Estate Planning Strategies for Cryptocurrency
Digital assets, or more precisely, cryptocurrency, are growing exponentially in terms of value and popularity. Although cryptocurrency and digital assets may have made certain transactions simpler, they have complicated the estate planning process. Clients who have acquired such assets must incorporate them into their estate planning documents or risk losing them forever. The traditional notion of distributing all assets via a residuary clause of a Last Will and Testament and then having an executor search for digital assets does not work in the new world of cryptocurrency.