Cryptocurrencies
Crypto-Rich Puzzle Over How to Pass On High-Risk Wealth to Heirs
- Holders of digital tokens consider options in estate planning
- Typical trustees ‘know very little’ about crypto, lawyer says
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J.W. Verret has a plan for his heirs to follow when he dies. And it’s unlike anything estate planners could have imagined just a decade ago.
That’s because the middle-aged law professor has spent two years building up various crypto holdings. To access that wealth, should he meet an untimely end, his three children may have to go through a 25-page document with details on websites to navigate, special wallets to download, web applications to connect and exchanges to cover.