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Cryptocurrency and your estate plan

People include many different types of assets in their estate plans, and in the digital age, there may be additional considerations for you to go over when it comes to estate planning. For example, you may have invested a significant amount of money in a cryptocurrency, or you may have been an early investor who has acquired a great deal of wealth through cryptocurrency. Some cryptocurrency investors may be unsure of their responsibilities or some of the legal matters that can arise due to these assets, from tax matters to ensuring that assets are managed properly in the event that the owner passes away.

Cryptocurrency investing can be full of uncertainty and setting up an estate plan is one way you can reduce uncertainty, not only with respect to your cryptocurrency investments but all of your other assets as well. Determining how to split up your estate can be tough and this is even more true for those who own a great deal of cryptocurrency assets. For example, someone may need to think about which one of their loved ones will be able to manage these investments properly. Since the cryptocurrency markets can be confusing for outsiders and those who are not very familiar with technology, this should not be overlooked.

Once you have figured out how to split up your cryptocurrency assets in the event that you pass away, you may feel relieved knowing that you can move forward and not worry about how your estate will be divvied up among your loved ones.

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Dunlap & Seeger, P.A.
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Rochester, MN 55904

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