June 18, 2022 ~ Nicholas Chuckas
Matt E. Kirk of Holland & Knight LLP has made available for download his article, “Planning for the Future: Estate and Tax Planning with Digital Assets” published as a Holland & Knight Alert. The article begins as follows
Cryptocurrencies are becoming a larger component of investors’ portfolios, especially for millennials and Generation Z, who collectively make up 94 percent of cryptocurrency buyers.
While it may seemingly be too early for some of these investors to contemplate death or the next generation, many already have families and estate plans in place, and they should be aware of their options and specifically consider how their digital assets, as defined below, play into their wider current tax planning and ultimately estate planning goals.
The dramatic decline in value of many digital assets at this article’s publication informs the risks associated with such assets as well as potential opportunities for planning with the right digital assets in a possible rebound.
To view and download the article, click here: “Planning for the Future: Estate and Tax Planning with Digital Assets | Insights | Holland & Knight“
Posted by Nicholas Chuckas, Associate Editor, Wealth Strategies Journal