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Course Details

Course Information
  • smart_display Format

    On-Demand

  • signal_cellular_alt Difficulty Level

    Intermediate

  • work Practice Area

    Estate Planning

Date & Time
  • event Date

    Thursday, October 19, 2023

  • schedule Time

    1:00 p.m. ET./10:00 a.m. PT

  • timer Program Length

    90 minutes

Credit Information

  • This 90-minute webinar is eligible in most states for 1.5 CLE credits.

  • BARBRI is a NASBA CPE sponsor and this 110-minute webinar is accredited for 2.0 CPE credits.

  • BARBRI is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).

$297.00
CLE
CPE
ALL

This CLE/CPE course will provide estate planning and business attorneys with an in-depth analysis of challenges for cryptocurrency investors. The panel will discuss the impact of cryptocurrency on estate planning, asset protection, and investment management, as well as explore effective transaction structures and planning techniques to manage issues related to owning and investing in cryptocurrency.

Faculty

Matt E. Kirk
Attorney
Holland & Knight LLP

Mr. Kirk is a private wealth services attorney in Holland & Knight's Atlanta office. He focuses his practice on designing and implementing sophisticated wealth planning and transfer strategies for high-net-worth individuals that often combine objectives of tax minimization, wealth preservation, succession planning and business planning.

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Jaime B. Herren
Principal
Hartog, Baer & Zabronsky, APC

Ms. Herren is a litigator, patent attorney and experienced trial attorney whose practice focuses on managing complex assets, technology, digital assets and intellectual property (IP) in wealth and tax planning to litigation and licensing. Her experience includes high-value trust litigation and IP litigation in state and federal courts. Having served as in-house counsel, Ms. Herren values business ideals and advocates for early implementation of dispute avoidance and resolution strategies. She represents individuals and fiduciaries who manage unique assets – including IP, rights of publicity and cryptocurrencies. As a seasoned litigator, Ms. Herren views wealth planning as pre-conflict resolution. She is well versed in all aspects of state and federal trial practice, including representation before governing tax bodies. Ms. Herren is a member of the Trust and Estates Executive Committee of the California Lawyers Association and Vice-Chair for the Alternative Dispute Resolution committee of the American Bar Association section of Real Property, Trust and Estate. Northern California Super Lawyers named her a Super Lawyer in 2023 and Rising Star from 2016 to 2020. She writes and speaks regularly on topic of litigation, trusts & estates and cross-over issues with IP.  Ms. Herren is a chapter editor for CEB Trust and Probate Litigation and, for three years, she was a case alert author for the Trust and Estates Section of the California Lawyers Association.  She has spoken at legal and industry conferences across the county from San Francisco to Washington D.C., Austin to New York City.

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Description

Cryptocurrency is considered personal property in the eyes of the IRS. These crypto-assets will be part of an individual's estate, forcing estate planning and business counsel to consider various factors in planning for the transfer and management of crypto-assets.

For estate planning purposes, cryptocurrency is taxed similarly to real estate or stock. In contrast, a sale or exchange can lead to capital gains or losses that must be reported on tax returns. Estate planning and tax advisers must consider this tax treatment when documenting gifts, utilizing trusts, and structuring transactions. Counsel must consider unique planning factors that apply to cryptocurrencies, such as the rules regarding the custody, security, and accessibility of digital assets; the Uniform Prudent Investor Act; and complex tax regulations.

Listen as our panel discusses the impact of crypto-assets on estate planning and investment management that may arise and offers essential techniques for the effective protection and administration of these types of assets.

Outline

  1. IRS enforcement for cryptocurrency assets
  2. Estate planning issues particular to cryptocurrency
  3. Asset protection for cryptocurrency
  4. Structuring investments to manage crypto-assets

Benefits

The panel will review these and other key issues:

  • Addressing estate planning issues for cryptocurrency
  • Effective asset protection techniques for crypto-assets; use of domestic and international trusts
  • Best practices and critical considerations to ensure effective management
  • Tools for establishing pooled cryptocurrency investments

NASBA Details

Learning Objectives

After completing this course, you will be able to:

  • Recognize key IRS areas of focus for the tax treatment of cryptocurrency assets
  • Ascertain estate and tax planning techniques for transferring or gifting cryptocurrency assets
  • Understand key asset protection planning strategies for cryptocurrency
  • Ascertain tax planning techniques when structuring investments in crypto-assets

  • Field of Study: Taxes
  • Level of Knowledge: Intermediate
  • Advance Preparation: None
  • Teaching Method: Seminar/Lecture
  • Delivery Method: Group-Internet (via computer)
  • Attendance Monitoring Method: Attendance is monitored electronically via a participant's PIN and through a series of attendance verification prompts displayed throughout the program
  • Prerequisite: Three years+ business or public firm experience preparing complex tax forms and schedules, supervising other preparers or accountants. Specific knowledge and understanding of pass-through taxation, including taxation of partnerships, S corporations and sole proprietorships, qualified business income, net operating losses and loss limitations; understanding of estate, gift and trust taxation including various trusts types, the unified credit, and portability.

Strafford Publications, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of Accountancy have final authority on the acceptance of individual courses for CPE Credits. Complaints regarding registered sponsons may be submitted to NASBA through its website: www.nasbaregistry.org.

IRS Approved Provider

Strafford is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).