Planning for Cryptocurrency Investors: Estate Planning, Asset Protection, and Investments

Recording of a 90-minute CLE/CPE video webinar with Q&A

This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford CPE+ Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

Conducted on Thursday, March 31, 2022

Recorded event now available

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Course Materials

This CLE/CPE course will provide estate planning and business attorneys with an in-depth analysis of challenges for cryptocurrency investors. The panel will discuss the impact of cryptocurrency on estate planning, asset protection, and investment management, as well as explore effective transaction structures and planning techniques to manage issues related to owning and investing in cryptocurrency.

Description

Cryptocurrency is considered personal property in the eyes of the IRS. These crypto-assets will be part of an individual's estate, forcing estate planning and business counsel to consider various factors in planning for the transfer and management of crypto-assets.

For estate planning purposes, cryptocurrency is taxed similar to real estate or stock. In contrast, a sale or exchange can lead to capital gains or losses that must be reported on tax returns. Estate planning and tax advisers must consider this tax treatment when documenting gifts, utilizing trusts, and structuring transactions. Counsel must consider unique planning factors that apply to cryptocurrencies, such as the rules regarding the custody, security, and accessibility of digital assets; the Uniform Prudent Investor Act; and complex tax regulations.

Listen as our panel discusses the impact of crypto-assets on estate planning and investment management that may arise and offers essential techniques for the effective protection and administration of these types of assets.

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Outline

  1. IRS enforcement for cryptocurrency assets
  2. Estate planning issues particular to cryptocurrency
  3. Asset protection for cryptocurrency
  4. Structuring investments to manage crypto-assets

Benefits

The panel will review these and other key issues:

  • Addressing estate planning issues for cryptocurrency
  • Effective asset protection techniques for crypto-assets; use of domestic and international trusts
  • Best practices and critical considerations to ensure effective management
  • Tools for establishing pooled cryptocurrency investments

Faculty

Funk, Joel
Joel J.H. Funk

Shareholder
Hart David Carson

Mr. Funk is a transactional corporate attorney representing companies, entrepreneurs, and start-ups in connection with...  |  Read More

Odom, M. Lisa
M. Lisa Odom

Founder and Managing Shareholder
Odom Law Group

Ms. Odom has over 17 years of substantial and sophisticated experience working with individuals, families, and small...  |  Read More

Access Anytime, Anywhere

Strafford will process CLE credit for one person on each recording. CPE credit is not available on recordings. All formats include course handouts.

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