Cassady Law Offices, P.C. - Las Vegas Estate Planning Attorney
Call for a free consultation
702-706-1083

Cryptocurrency and its place in estate planning

In a digital era, assets such as cryptocurrencies continue to become more and more important to individuals of various walks of life. While cryptocurrencies such as bitcoin may go up and down in value over time, talks of digitizing currency may only act to further substantiate their value. However, when it comes to estate planning, many individuals in Nevada might feel unsure of the available options to help safeguard the value of such possessions.

One of the first topics to address concerning cryptocurrency may involve finding ways to preserve the benefits of these types of assets. Experts indicate that practically anyone who has the proper key or seed phrase can gain access to such possessions. As such, finding ways to secure this information and seeking out ways to properly document an otherwise untraceable assets could both be vital to safeguarding one's interests.

Experts also assert that knowing the risks of cryptocurrency could also prove vital to preventing unfortunate scenarios such as scams or theft. There are also certain stipulations regarding one's ability to place such assets within a trust. In addition, cryptocurrency is taxed as property instead of currency, and planning for similar issues could be vital to preventing an unexpected outcome.

Those who turn to estate planning to forge a strategy for their futures may wish to take advantage of all their available options, including those pertaining to items such as cryptocurrency. Although protecting certain possessions can seem a complex process, there may be a variety of estate planning tools to help a person achieve such goals. Fortunately, there are attorneys in Nevada who can address all a person's questions and concerns and assist in creating an estate plan that centers around his or her wishes.

No Comments

Leave a comment
Comment Information
Email Our Team

More Questions? We Have Answers.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Las Vegas Office
10799 West Twain Avenue
Las Vegas, NV 89135

Toll Free: 800-557-6423
Phone: 702-706-1083
Fax: 702-650-5561
Las Vegas Law Office Map

Henderson Office
2425 W. Horizon Ridge Pkwy.
Henderson, NV 89052

Toll Free: 800-557-6423
Phone: 702-706-1083
Map & Directions