Article On Digital Currency And Estate Planning

Abigail J. Farmer (J.D. Candidate, Sandra Day O’Connor School of Law) & Cory Elizabeth Tyszka (Jones, Skelton, Hochuli, P.L.C.) recently published an article entitled, Virtual Currency Estate Planning, Bit by Bit, 40 ACTEC J. 249 (2014). Provided below is an abstract of the article:

This article addresses the issues that virtual currencies, specifically bitcoins, pose for the mindful estate planner. First, it explains what bitcoins are, where they come from, and what their legal status is. Next, it identifies special problems that bitcoins pose in estate planning. Finally, it concludes by offering solutions to these problems, including recommended transfer mechanisms and gifting strategies.