Estate Planning With Bitcoin and Cryptocurrency: Structuring Transactions, Tax and Non-Tax Issues, Protecting Assets
Recording of a 90-minute CLE webinar with Q&A
This CLE course will guide counsel on critical considerations for estate planning with bitcoin and other cryptocurrency assets. The panel will discuss the impact of bitcoin and cryptocurrency on estate planning, key tax regulations on crypto-assets impacting estates, and explore effective transaction structures and planning techniques to manage both tax and non-tax issues.
Outline
- Recent IRS developments on cryptocurrency and impact on estate planning
- Custody and accessibility of crypto-assets
- Applicability of the Uniform Prudent Investor Act and planning considerations
- Structuring transactions to manage tax and non-tax issues involving crypto-assets
Benefits
The panel will review these and other key issues:
- Recent IRS developments on cryptocurrency and the impact on estate planning
- Accessibility and accounting for crypto-assets in an estate plan
- Implications of the Uniform Prudent Investor Act
- Effective estate planning techniques for crypto-assets; use of LLCs, trusts, etc.
- Evaluating a step-up or step-down in basis
- Structuring transactions to manage both tax and non-tax issues involving crypto-assets
Faculty
Barry E. Haimo
Atty
Haimo Law
Mr. Haimo is an attorney practicing exclusively in the fields of estate and business planning (also known as trusts and... | Read More
Mr. Haimo is an attorney practicing exclusively in the fields of estate and business planning (also known as trusts and estates, estate law or trust law, and includes wills, trusts, probate, business planning and asset protection ). He helps families plan for incapacity and death, insulates them from personal liability and preserves and protects their assets for future generations. His practice also includes representing and advising businesses (LLCs, LPs, LLPs, corporations) on their organization, formation, taxation, asset protection and operation. Combining his education and business expertise with his entrepreneurial spirit, Mr. Haimo frequently serves as a consultant, director, business advisor and attorney for startup companies.
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Robert D. Kaplow
Shareholder
Maddin Hauser Roth & Heller
Mr. Kaplow is a member of the State Bar of Michigan (Taxation and Probate and Estate Planning sections), Oakland County... | Read More
Mr. Kaplow is a member of the State Bar of Michigan (Taxation and Probate and Estate Planning sections), Oakland County Bar Association (Taxation Committee) and American Bar Association (Real Property, Trust and Estate Law Section). He is a frequent lecturer before professional groups pertaining to tax and corporate matters.
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Katie L.S. Von Kohorn
Partner
Casner & Edwards
Ms. Von Kohorn specializes in trusts & estates and exempt organizations. Her practice focuses on estate planning,... | Read More
Ms. Von Kohorn specializes in trusts & estates and exempt organizations. Her practice focuses on estate planning, estate and trust administration, charitable giving, and advising exempt organizations. She advises individual clients and generations of families with respect to estate planning, including estate and gift taxes, probate law, estate and trust administration, inter-generational planning, planning with digital assets, and philanthropy. Ms. Von Kohorne also serves as trustee of numerous trusts, and works extensively on the investment, tax, and legal aspects of trusts, as well as with the varied interests of trust beneficiaries. She counsels trustees and exempt organizations on issues pertaining to tax exemption, fiduciary responsibilities, and charitable trust law.
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