Cryptocurrencies are making huge waves in estate planning. The new federal law currently under proposal in Congress has robust provisions regulating digital currency transactions and imposing harsh penalties for noncompliance. Bitcoin has just reached a new milestone and was recognized as legal tender for the first time. The IRS is actively combatting cryptocurrency tax fraud. And access to digital assets is the new top challenge for executors. This session brings you the latest update on the legal status of digital currencies in the U.S., their role and best uses in estate planning, and practical ways for fiduciaries to access and account for digital assets.
Speaker: Nicholas A. Dupre, Stanfield & Dupre, PLLC, The Woodlands, TX