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  • Posts by Justin Jones
    Posts by Justin Jones
    Associate

    Justin is an Associate in the firm’s Business Services Department, where he assists with general corporate and transaction matters. He is an IRS Enrolled Agent, allowing him to represent taxpayers before the IRS.

    While in law ...

When an individual purchases cryptocurrency there is often no paper trail and no physical assets for an executor or trustee to discover. Indeed, the anonymous nature of purchasing, selling, and owning cryptocurrency is one of its greatest selling points. However, the same anonymity that has driven individuals to own cryptocurrency also presents challenges for handling cryptocurrency upon the owner’s death. Today, people are including their digital assets such as social media accounts, patents, and digital files in their estate plans. But some may be overlooking an important digital asset – cryptocurrency. If you invest in a cryptocurrency, you need to include it in your estate plan. If you don’t, your money could be lost forever.

Posted in Estate Planning
Five Reasons Why Everyone Needs an Estate Plan

The recently enacted Tax Cuts and Jobs Act (TCJA) allows each individual to exempt $11,180,000 from federal estate tax in 2018 ($11,400,000 in 2019). A married couple would need over $22,000,000 in assets before their estate would be subject to federal estate tax. With less individuals owing federal estate tax, you may wonder, “Do I need an estate plan if my estate will not be taxed?” The answer is yes, you do need an estate plan because your estate plan is much more than a tool to reduce federal estate taxes. Regardless of the size of your estate, below are five reasons why you need an estate plan.

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