Protecting the Long-Term Value of Crypto Investments Through Estate Planning
Unlike traditional assets, digital currency exists outside of standard financial institutions, making it easy to lose access if proper planning isn’t in place. Without clear instructions and proper documentation, heirs and fiduciaries may struggle to retrieve crypto assets and could even be locked out entirely. ADDRESSING CRYPTO WITHIN YOUR ESTATE PLAN. Listing crypto holdings and providing clear guidance on access ensures that trustees, heirs, and beneficiaries can access and profit from your valuable investment. A trust can provide additional security and control, allowing a designated trustee to manage the assets according to specific terms. Given the potential for market volatility, estate plans can also include language allowing fiduciaries to either retain or liquidate crypto holdings based on the intended strategy. PRIVATELY STORING THE NECESSARY ACCESS INSTRUCTIONS. Crypto wallets require private keys, PINs, and/or passcodes, which should never be included directly in a trust or will due to security risks. Instead, a separate memorandum can detail step-by-step instructions for
accessing and managing these assets. The security of this information is just as important as the instructions themselves. A trusted individual or professional service can hold the private key separately, reducing the risk of unauthorized access. PASSING COLD WALLETS OUTSIDE OF PROBATE. Since cold wallets exist outside of typical online exchanges, they may be considered tangible personal property under estate laws. If a will or trust states that all tangible property passes outright to heirs, this could unintentionally separate crypto holdings from the rest of the estate. Proper classification and clear instructions prevent disputes and ensure the intended beneficiary receives the assets. For those concerned about heirs managing the assets, a trustee can be granted authority to exchange crypto for cash before distribution. FORWARD-THINKING ESTATE SOLUTIONS FOR YOUR LEGACY. Strategic planning ensures your cryptocurrency investments pass according to your wishes while maintaining the security and privacy of your legacy. Dahl Law Group provides the legal solutions necessary to safeguard your digital assets and secure your legacy. Contact our offices in Sacramento or San Diego to get started on implementing the right legal strategy for your estate and your investments.
Simple Summer Garden Pasta Ingredients • 4 cups cherry tomatoes, halved • 4 cloves garlic, minced • 1/2 cup extra virgin olive oil • 1 tsp red pepper flakes (optional, to taste) • 1 tsp kosher salt • 1/2 tsp black pepper
SUDOKU
Inspired by TheKitchn.com
• 1 lb angel hair pasta • 1 cup fresh basil • 2 cups freshly grated Parmesan cheese • Cooked, chopped chicken for serving (optional)
Directions 1. In a large bowl, combine tomatoes, garlic, olive oil, red pepper flakes, salt, and black pepper and toss until well coated. 2. Cover and let the mixture sit at room temperature while the pasta cooks. 3. Add pasta to a pot of boiling water and cook per package directions until al dente. 4. Drain the pasta, reserving 1/4 cup of the pasta water to add to the tomato mixture. 5. Coarsely chop the basil leaves. 6. Add the pasta, Parmesan cheese, and chopped basil to the tomato mixture and toss again until combined. 7. Serving suggestion: Add cooked, chopped chicken for more protein!
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