Don’t Let Volatile Digital Assets Blow Up a Client’s Estate Plan

Digital assets present distinct valuation and administrative challenges that require specific strategies as part of an individual’s estate plan. The complex manner in which these volatile assets are controlled poses risks to fiduciaries and beneficiaries alike. Beyond Bitcoin, Ether, or other large market-cap blockchain tokens, lack of market depth and liquidity present uncertainty and unpredictability in sales and trading markets. As a result, it’s essential to consider the unique characteristics of digital or “virtual” assets when creating an estate plan.

The Need for a Trusted Administrator

Individuals should ensure that a trusted person, such as the planned executor for their ...