Onramp Webinar Series E002: Bitcoin Inheritance Planning with Amanda Kita

Topics Discussed:

• • Challenges in Bitcoin Inheritance: Understanding the risks associated with key mismanagement and the potential for unrecoverable assets.
  • Strategic Solutions: Using Multi-Institution Custody to minimize risks and facilitate a smooth transfer of ownership, tailored to enhance security and compliance with legal standards.
  • Legal Framework: How to incorporate bitcoin into traditional estate planning, navigating the differences of state and federal inheritance laws.
  • Understanding Probate and Non-Probate Assets: Learn the distinction between assets that must go through probate and those that can bypass this often lengthy and costly process. We’ll explore how different forms of bitcoin ownership can impact where your assets fall and strategies to ensure they align with your estate planning goals.

Key Takeaways:

• • Estate and inheritance planning will protect your loved ones, ensure your intentions are carried out, and your bitcoin is not lost.
  • “One size” estate planning and key management does not fit all
  • Review your bitcoin holdings in conjunction with other assets to determine proper plan.
  • Estate and Inheritance planning does not merely mean sharing keys or executing a Will, but may also include the use of trusts, powers of attorney, advance health care directives, and should involve financial planning.
  • Consider tax consequences in formulating your plan.