Cryptocurrency and other digital assets are evolving in the regulatory atmosphere very quickly, but it can be very difficult to figure out how these fit into your estate planning.

In the past, putting stock certificates, deed to your home and a will in a safe deposit box in conjunction with coordinating with a lawyer was pretty much all you needed. However, digital assets whether it’s an online contact list, all of your photos on social media websites or cryptocurrency, have additional considerations that must be factored in for financial accounts.

Your executor needs to know what assets you have and how to get access to them. This is often one of the most complicated aspects of handing off digital assets to your loved ones. However, you don’t need to be an attorney or a technical genius to make this happen.

When it comes to outlining your cryptocurrency keys so your heirs and executors know what’s in your estate, many people are turning to paper and pen. Some of the information you’ll need to include on these lists include key locations, the kinds of assets, and the different controls being used for security like multi signature or time lock requirements, pass phrases or PINs.

You can store this information in your safety deposit box so that a person who needs to step in quickly and identify these details has access to it. Giving your loved ones peace of mind that you have done as much planning as possible is extremely beneficial when your loved ones are already dealing with the grief related aspects of closing out your estate. The support of an attorney is instrumental in clearing out questions and making sure that mistakes are avoided as much as possible.

A lawyer will be able to advise you about the various impacts on your loved ones as far as the planning tools that you choose. Choose an attorney who is highly knowledgeable about this area of the law.

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