Estate Planning for Regulated Assets: Cryptocurrency, Digital and Other Unusual Assets

Cryptocurrency and similar assets lie in a gray area of the law, and estate planners must consider the ways these assets can successfully be bequeathed.

Other digital assets include personal, business and financial internet and computer files, including but not limited to all types of online accounts and virtually stored documents, music, photos, and other data. These assets raise new challenges for estate planners, who must understand and address these assets in any comprehensive estate and succession plan.

Developing an approach for identifying, transferring and managing these assets after death must be considered and addressed in even the most routine estate planning process. The Model Rules mandate competency, and estate planners must become competent so they can provide solutions to 21st century assets and problems.

Listen as our authoritative panel examines the estate planning issues particular to cryptocurrency and other highly regulated assets and best practices for incorporating such assets into a comprehensive estate and succession plan.

1. Background on Blockchain and cryptocurrency
2. Estate planning issues particular to cryptocurrency and other digital assets
3. Methods of incorporating cryptocurrency into an estate plan
4. Regulatory challenges and fiduciary responsibilities in handling digital assets
5. Other unusual and regulated assets
6. Best practices to ensure effective administration of highly regulated assets

The panel will review these and other relevant questions:

• What is blockchain?
• Addressing estate planning issues for cryptocurrency and other digital assets
• Applicable federal and state law considerations
• Methods in incorporating cryptocurrency and other digital assets into a comprehensive estate and succession plan
• Regulatory challenges for other unusual and highly regulated assets
• Best practices and key considerations to ensure effective administration