DON’T OVERLOOK CRYPTOCURRENCIES IN ESTATE PLANNING PROTECT YOUR DIGITAL ASSETS When you think of an estate plan, what comes to your mind? Many people think of a document that helps protect and pass on your property and other assets you may have — like retirement or savings — to your heirs. But as technology has changed in recent years, more individuals have started making direct stock market investments through apps like Robinhood and Stash, which they may not consider while making an estate plan. And the unique security features of cryptocurrencies like Bitcoin present specific challenges and call for special considerations when drafting your estate plan. The key takeaway is that you must include all your assets when estate planning. While you may think your app-based investments are small or just a hobby, including them in your plan is still essential. Who knows what will become of those investments as companies grow?
A digital estate plan can give your heirs the information they need to access your digital accounts. You might include everything from online banking information to social media logins. Without this information secured in a central location, your loved ones may never know certain accounts exist so they can recover them. Documentation is particularly crucial for cryptocurrencies. They’re truly unique assets with security elements that must be addressed in your estate plan. One of the reasons many investors like cryptocurrencies is because of their largely anonymous nature. But that advantage can quickly turn into a disadvantage without appropriate planning. For instance, Bitcoin is a digital asset stored in a digital wallet and secured by a 64-digit private key. That key is the only way to access this asset. Unlike other investments such as a home or 401(k), no personal information (like a Social Security number) is associated with Bitcoin ownership. Once lost, no one can recover the key — and the assets are abandoned forever. When crafting your estate plan, think broadly about your investments and assets to ensure they all receive the protection they deserve. The team at Eversole Law will gladly help you get the most out of your estate plan by covering all your property, no matter what form it takes.
Great Truths
HOISIN-GLAZED PORK CHOPS Inspired by TheModernProper.com
Ingredients
“If it be asked, what is the most sacred duty and the greatest source of our security in a Republic? The answer would be an invoidable respect for the Constitution and laws.” –Alexander Hamilton
• 2 garlic cloves, minced • 2 tsp minced ginger • 1/3 cup hoisin sauce • 2 tbsp rice vinegar • 2 tbsp water
• 4 boneless pork chops (about 2 lbs) • 3/4 tsp salt • 2 tbsp sesame oil • Cilantro (optional)
Directions
1. In a small saucepan over medium heat, simmer garlic, ginger, hoisin sauce, rice vinegar, and water. Whisk occasionally until mixture is fully incorporated (about 4 minutes). Set aside. 2. Lightly salt pork chops. In a large skillet over medium-high heat, add sesame oil and wait until smoking. Place pork in skillet and cook until browned (3-4 minutes on each side, depending on thickness of pork chops). 3. Remove pork chops from skillet and transfer to a cutting board. Let rest for 5 minutes. 4. Drizzle hoisin mixture over pork chops and top with cilantro if desired.
www.eversolelaw.com
3
Made with FlippingBook Ebook Creator