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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

    Tuesday, February 4, 2025

  • 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.

$297.00
CLE
ALL

This CLE webinar will guide estate planning counsel and advisers on challenges relating to the trust and estate planning, administration, and litigation of digital assets. The panel will discuss accounting for digital assets and provide an analysis of the fiduciary responsibilities, legal obstacles and litigation, key planning considerations, and effective administration of digital assets.

Faculty

Mark DiMichael
Partner, Digital Asset Practice Leader
Citrin Cooperman & Co.

Mr. DiMichael is a partner in the forensic, litigation, and valuation services department. He is also the co-founder and co-leader of the firm's Digital Asset Committee, focusing on addressing the unique needs of Citrin Cooperman clients in the digital asset space.

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Laura Stone
Partner
Citrin Cooperman & Co.

Ms. Stone brings over 15 years of experience to Citrin Cooperman’s Woodland Hills, CA office, specializing in real estate and international tax reporting. She services both tax and audit clients, advising them with both her strategic and transactional knowledge. Ms. Stone works with a wide range of clients, from small start-ups to large corporations and high net worth individuals. She helps clients develop strategies to mitigate tax, as well as educating them about tax laws and accounting guidelines.

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Description

The IRS considers digital assets to be personal property. These assets have value and will become assets of an individual's estate forcing estate planning counsel and advisers to consider a variety of factors in drafting estate documents to transfer these types of assets and minimize potential administrative and litigation issues.

Holders of digital assets risk losing their assets upon death unless they take proactive steps to ensure that these assets pass to their heirs or beneficiaries. Unique planning factors apply to digital assets and counsel and advisers must work with clients to implement best practices regarding the custody, security, and accessibility of digital assets. Advisors must be knowledgeable about planning techniques and when to use them, along with complex tax regulations. Estate planning counsel and advisers must become knowledgeable in how these rules impact estate plans and the available transaction structures to ensure efficient administration of the estate and avoid litigation relating to such assets.

Listen as our panel discusses the impact of digital assets on estate planning, federal and state regulatory problems for digital assets, fiduciary responsibilities, legal obstacles, and effective administration of digital assets.

Outline

  1. Recent developments on digital assets and impact on estate planning
  2. Custody and accessibility of digital assets
  3. Key estate planning considerations for digital assets
  4. Potential administrative pitfalls and litigation challenges to consider
  5. Best practices for counsel and advisers

Benefits

The panel will review these and other key issues:

  • Recent developments on digital assets impacting estate planning
  • Accessibility and accounting for digital assets in an estate plan
  • Estate planning considerations for digital assets
  • Administrative pitfalls to avoid and minimizing litigation
  • Key points of emphasis for counsel and advisers