Estate and Legacy Planning for Crypto Assets

05/04 13:10

Despite the uncertain regulatory environment in the U.S., investment and adoption of crypto assets is not slowing down, with the UK, European Union, UAE, and Southeast Asia enacting legislation concerning crypto assets and decentralized finance participation. As more investors move fiat into crypto, they now require guidance in establishing an estate and legacy plan for their crypto assets, even if they believe they have the custody portion all figured out. Crypto legacy planning is crucial to ensure assets are passed on to heirs according to their wishes, and financial advisors have a crucial role in guiding clients through this process. Advisors can add value by helping clients prepare an inventory, a technology-focused legacy plan, and an education plan for their heirs. The Ultra High Net Worth (UHNW) in crypto face unique challenges when addressing their estate planning needs, and they will likely have to employ the services of a crypto-literate advisor, attorney, and likely a multi-family office to provide some structure to their newfound wealth.

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