5 Critical Steps for Administering Trusts and Estates with Cryptocurrency Holdings
With nearly one in four Californians owning digital assets, including cryptocurrency assets like Bitcoin and Ethereum, California T&E lawyers and fiduciaries are increasingly likely to come across cases involving assets that include an outsized concentration of crypto.
In the Daily Journal article “5 Critical Steps for Administering Trusts and Estates with Cryptocurrency Holdings,” Special Counsel J.D. Rees explores the unique administrative challenges that trusts and estates containing substantial digital assets may present and outlines key responsibilities that fiduciaries can undertake to successfully manage these trusts or estates. The article examines how to protect fiduciaries from foreseeable risks, provide a framework for responsible administration and serve as evidence of good-faith efforts in handling rapidly evolving digital asset classes.
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