What should a crypto estate plan include?

Your estate plan should communicatewhere your crypto is stored and a plan for how to access it. When the CEO of a crypto company died suddenly at age 30 holding hundreds of millions of dollars in cryptocurrency that was inaccessible to anyone else, it sparked many questions about how this asset would be transferred at death.

Should you incorporate cryptocurrency into your estate plan?

To avoid having you heirs, who are perhaps less knowledgeable than you, from making this mistake, integrate cryptocurrency into your estate plan to preserve the benefits and avoid the risks of cryptocurrency. First, preserve the benefits of cryptocurrency.

Are You planning for cryptocurrency?

Planning for cryptocurrency however, has been neglected and cryptocurrency lost. This has generated tales of people, who discarded their computer hard drives containing thousands of bitcoins now worth millions, sifting through mountains of garbage.

Is cryptocurrency secure?

Cryptocurrency is highly secure, but that security is in jeopardy if the private key or seed phrase is carelessly recorded. With the right private key or seed phrase, anyone can access the cryptocurrency, so planning and procedures have to include how to secure this information. Also, like cash, cryptocurrency is not traceable.