With the rise of cryptocurrency, estate lawyers caution that it shouldn’t be treated like any other asset

by Angela Morris (ABA Journal, November 2018) As the cryptocurrency craze spreads, the mainstream public is investing in bitcoin and other digital currencies. With dollar signs in their eyes, they might not think about what happens to their cryptocurrency when they die. Cryptocurrency, such as bitcoin or Ethereum’s ether, could vanish into thin air unless estate-planning lawyers spur their crypto-loving clients to make inheritance plans. But there are traps for estate-planning attorneys to watch for in order to ensure that heirs will have access to a client’s cryptocurrency after death, while making sure the client won’t be giving up the keys to the castle prematurely. “This is a whole new area for estate-planning lawyers,” says Pamela Morgan, an attorney and author who founded Empowered Law and trains lawyers about cryptocurrency and blockchain technology. “It’s an opportunity to grow your client base­—to attract new people who never thought about this before.” Read this story at ABAJournal.com.

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