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Asset Protection for Cryptocurrency
One of the common myths about bitcoin and other cryptocurrency investments is they are anonymous and inherently creditor protected. On the contrary, cash is far more private than cryptocurrencies since blockchain allows the tracing of all transactions involving a given bitcoin address, all the way back to the first transaction. If a crypto investor is involved in a litigation or has a creditor, the Court can demand a disclosure of all relevant cryptocurrency assets that a defendant owns, making the need for cryptocurrency asset protection just as imperative as for all other types of assets.
While the attorneys of WFP Law implement a plethora of asset protection strategies, in general, three of the most popular techniques used for protecting cryptocurrency investments are the Cryptocurrency Asset Protection Trust, the Series Crypto LLC, the Crypto GRAT (Grantor Retained Annuity Trust) and the Crypto Limited Liability Limited Partnership. Each of these tools are effective for asset protection, but each also have their own additional benefits, such as probate avoidance, tax reduction and flexibility. We also recommend specifically referencing your cryptocurrency investments in any prenuptial or postnuptial agreement.
Asset protection strategies are always unique to each client’s needs. For more information on successful techniques for the protection of your cryptocurrency assets, creating estate plans for the succession of cryptocurrency assets, or the probate administration of any cryptocurrency assets not already held in Trust, please contact the South Florida law firm of Wild Felice & Partners, P.A. at 954-944-2855 to schedule your free consultation. It’s a Wild world. Are you protected?
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Lorem Ipsum industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged.
It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged.
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged.
It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged.
It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged.
It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged.
It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
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