With an increasing number of clients who own blockchain assets, it is important to effectively integrate these assets into estate planning strategies and documents. If you have blockchain assets, here are some basic things that need to be part of your estate plan.
You've got an irrevocable trust, but circumstances have changed. Maybe family dynamics are radically different from when you created the trust. Maybe you want to change trustees. Maybe the law has changed in ways that mean you no longer need an irrevocable trust, or the trust as drafted won't accomplish your original purpose.
Most of the couples we work with share a concern that is often overlooked in estate planning. What happens when one spouse dies before the other? How can we be sure that the deceased spouse's assets remain available only for the surviving spouse and children?
One of the most overlooked provisions in living trusts and financial and medical powers of attorney is how to determine your incapacity. This is a crucial issue in anyone's estate plan, but it's usually ignored or treated like an afterthought.