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Recent Posts
What Did We Learn about Investments in 2023?

Reflecting on the tumultuous investment landscape of 2023, Buckingham Strategic Partners distilled invaluable insights into their “Top 10 Investment Lessons of 2023.” ...

The post What Did We Learn about Investments in 2023? first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

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What Does the IRS’s recruiting efforts mean for taxpayers?

The IRS’s recent intensification in recruitment to address wealthy taxpayers is raising eyebrows among high-net-worth ...

The post What Does the IRS’s recruiting efforts mean for taxpayers? first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

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Entrepreneur Estate Plans For Those Who Choose To 1) Ready, 2) Fire, THEN 3) Aim

Estate planning for business owners, particularly those known for impulsive decision-making, requires a nuanced approach. ...

The post Entrepreneur Estate Plans For Those Who Choose To 1) Ready, 2) Fire, THEN 3) Aim first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

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Can You Name A Beneficiary For Crypto Assets In Your Estate Plan?

Do you hold crypto assets or are you looking into owning some? You need a plan for how you’ll hold it during your life and what happens to it after you pass away.

Crypto is only becoming more possible but this raises plenty of questions for people who hold crypto assets about what happens to those assets when they pass away. If you do not have a specific plan for cryptocurrency assets in your will, these could all disappear permanently when you pass away. Crypto transactions live on a blockchain and are verified independently by a network of computers, which means they are assets handled and stored differently than those inside traditional banks.

Crypto is considered a probate asset because it will need to go through probate before it can be legally transferred to your beneficiaries when you pass away. A beneficiary is an organization or a person who you want to inherit a particular asset when you pass away. In order to make sure that the right person has access to all of these details, you need to list out all of the crypto assets in your estate plan, name where they are stored, and which beneficiary should receive them.

Furthermore, you’ll also need to appoint an executor as part of your will, and this is the person responsible for administering your last will and testament. A digital property executor may also need to be appointed and it may be a separate person who is familiar with cryptocurrency. For more support in drafting a comprehensive strategy for your cryptocurrency in your estate plan, set aside a time to meet with a lawyer.

Schedule your free Exploratory phone call

Click here to see how we
can be of assistance.

Careers/Open Positions

Explore all available job
listings and become a part of an amazing team.

Our Social Media

Connect with us on Social Media using the following buttons:

Visit our Podcasts

Listen in, Join the Conversation!

Recent Posts
What Did We Learn about Investments in 2023?

Reflecting on the tumultuous investment landscape of 2023, Buckingham Strategic Partners distilled invaluable insights into their “Top 10 Investment Lessons of 2023.” ...

The post What Did We Learn about Investments in 2023? first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

See more
What Does the IRS’s recruiting efforts mean for taxpayers?

The IRS’s recent intensification in recruitment to address wealthy taxpayers is raising eyebrows among high-net-worth ...

The post What Does the IRS’s recruiting efforts mean for taxpayers? first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

See more
Entrepreneur Estate Plans For Those Who Choose To 1) Ready, 2) Fire, THEN 3) Aim

Estate planning for business owners, particularly those known for impulsive decision-making, requires a nuanced approach. ...

The post Entrepreneur Estate Plans For Those Who Choose To 1) Ready, 2) Fire, THEN 3) Aim first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

See more