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CRYPTOCURRENCY ESTATE PLANNING LAWYERS

Summary
New York Cryptocurrency Estate Planning Lawyers
Service Type
New York Cryptocurrency Estate Planning Lawyers
Provider Name
Dilendorf Law Firm,
60 Broad Street, 24th Floor,New York,New York-10004,
Telephone No.212.457.9797
Area
Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming
Description
The New York estate planning lawyers at the Dilendorf Law Firm give you more than solid advice as to cryptocurrency’s legal landscape. We also help you prepare solid documents that clearly convey your wishes.

Cryptocurrencies, like Bitcoin, Zcash, Ripple, and Dash, are increasingly popular choices in comprehensive estate plans. However, the IRS treats Bitcoin as an asset as opposed to cash. So, there are some tax advantages.

Nevertheless, the inclusion of cryptocurrency creates some problems. For example, Bitcoin wallets are private, since anyone with access to the wallet has access to the contents. So, if you die suddenly, your Bitcoin holdings, however substantial they might be, most likely die with you.

The estate planning lawyers at the Dilendorf Law Firm give you more than solid advice as to cryptocurrency’s legal landscape. We also help you prepare solid documents that clearly convey your wishes. .

Summary
New York Cryptocurrency Estate Planning Lawyers
Service Type
New York Cryptocurrency Estate Planning Lawyers
Provider Name
Dilendorf Law Firm,
60 Broad Street, 24th Floor,New York,New York-10004,
Telephone No.212.457.9797
Area
Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming
Description
The New York estate planning lawyers at the Dilendorf Law Firm give you more than solid advice as to cryptocurrency’s legal landscape. We also help you prepare solid documents that clearly convey your wishes.

ATTORNEYS' EXPERIENCE

Assisted a foreign cryptocurrency fund manager with incorporating US feeder into the existing structure and provided advise on application of US regulations, including the Securities Act, the Investment Company Act and the Investment Adviser Act

Cryptocurrency Accessibility

To overcome the aforementioned privacy problem, do not list items like usernames and passwords in your will or other estate planning documents. When the will is probated, that information becomes public record.

Instead, keep such information in a separate document and limit Bitcoin references in the will to generalities. Your power of attorney fiduciary agent or designated estate executor should have ready access to this information if needed. So, these positions involve a great deal of trust. This trust underscores the need to choose these individuals wisely and, if need arises, do not hesitate to change them. We can help you prepare the necessary documents and avoid confusion when the time comes to execute these instruments.

Estate Planning Inclusion

Assume your fiduciary agents know nothing about cryptocurrency. After all, you choose these individuals because they are trustworthy and not because they have technical prowess. So, in addition to account information, the above-mentioned separate document should include some cryptocurrency basics, especially regarding tax and estate issues.

On a related note, the Bitcoin tax laws are constantly changing. For example, there may be a difference between a vault and a wallet. If Bitcoin becomes a more widely accepted payment method, Bitcoin stored in a wallet might be considered currency. However, almost no matter what happens, Bitcoin stored in a wallet will always be considered an asset. These things are especially important if the Bitcoin account is in an overseas location, which is often the case.

Cryptocurrency estate planning also involves fraud and data protection issues. Cold storage devices, like thumb drives, alleviate many of these concerns. Furthermore, due to the nature of cryptocurrency, the estate plan should include a waiver of the diversification duty. This duty often requires agents to diversify investments in order to protect the principal or the beneficiaries.

Bitcoin could be an important part of your estate plan, but there are some issues to consider. For a confidential consultation with an experienced estate planning lawyer in New York, contact Dilendorf Law Firm, PLLC.

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Summary
New York Cryptocurrency Estate Planning Lawyers
Service Type
New York Cryptocurrency Estate Planning Lawyers
Provider Name
Dilendorf Law Firm,
60 Broad Street, 24th Floor,New York,New York-10004,
Telephone No.212.457.9797
Area
Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming
Description
The New York estate planning lawyers at the Dilendorf Law Firm give you more than solid advice as to cryptocurrency’s legal landscape. We also help you prepare solid documents that clearly convey your wishes.

For more information about our Cryptocurrency Estate Planning services,

please contact Dilendorf Law Firm by sending an email or calling us at 212.457.9797

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