Cryptocurrency and Estate Planning
Make Sure You’re Prepared
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 to make direct stock market investments through apps like Robinhood and Stash, which they may not think about while making an estate plan. And the unique security features of cryptocurrencies like Bitcoin present certain challenges and call for special considerations when drafting your estate plan. The key takeaway here is that when estate planning, you need to include all of your assets. While you may think that your app- based investments are small or just a hobby, it’s still important to include them in your plan. Who knows what will become of those investments as companies grow? This is especially important for cryptocurrencies. Without getting too far in the weeds about how cryptocurrencies work, it’s crucial to know that they are a truly unique asset and that their security elements need to be addressed in your estate plan. For instance, Bitcoin is a digital asset that is stored in a digital wallet and secured by a 64-digit private key. That key is the only way to access this asset, and unlike other assets like a home or 401(k), there is no
personal information (like a Social Security number) associated with Bitcoin ownership.
When you come to see us to create or update your estate plan, think broadly about your investments and let us help you get the most out of your plan by ensuring it covers everything.
Summer VegetableGreekSalad
great
TRUTHS
Inspired by CookieAndKate.com
For the vinaigrette: • Ingredients
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parsley, olives, and feta (as well as the chickpeas or salami, if desired). 1 cup grape tomatoes, halved 1 small cucumber, seeded and chopped 1 cup yellow bell pepper, chopped 1/4 cup red onion, finely chopped 1/4 cup fresh parsley, chopped 1/4 cup Kalamata olives, pitted and halved 1/2 cup feta cheese, crumbled Optional protein choices: 1 cup cooked chickpeas or 6 oz Genoa salami
2 tbsp red wine vinegar 1 tsp Dijon mustard 1 garlic clove, minced
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1 tsp dried oregano
1/2 tsp honey
"Giving money and power to government is like giving whiskey and car keys to teenage boys."
1/2 tsp salt
1/4 cup extra-virgin olive oil
For the salad: •
1 head romaine lettuce, chopped
Directions
1. In a medium bowl, whisk together vinegar, mustard, garlic, oregano, honey, and salt. Slowly drizzle in the olive oil, whisking until well combined. 2. In a large serving bowl, toss together the romaine lettuce, tomatoes, cucumber, bell pepper, red onion,
– P.J. O’Rourke, Civil Libertarian
3. If you plan to serve all the salad at once, drizzle the dressing over the salad to lightly coat, then toss to combine. Otherwise, store the
vinaigrette and salad separately, then dress each portion before serving.
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