Pamela Morgan, a lawyer in the blockchain space and the author of Cryptoasset Inheritance Planning, explains how you can pass on your crypto assets to your heirs without them or anyone else getting ahold of them beforehand. Surprisingly, the first step begins with a letter. She explains what information to put in that letter, how to choose helpers, and how to protect your private keys. We also discuss what you should do legally to help the process along and what kind of tax prep you should follow.
Pamela has graciously given Unconfirmed a complimentary copy of Cryptoasset Inheritance Planning, which we’ll be giving away. To win the book, tweet about it and tag me, @laurashin and @PamelawJD, and next Friday I will pick a name out of a hat and announce it on next week’s episode.
Announcement: On October 26, Pamela will be in Chicago, where she’s teaching a 1/2 day legal workshop: Bitcoin, Blockchain, and Smart Contact Essentials. It’s open to lawyers, law students, and law curious. Learn more at empoweredlaw.com.
Thank you to our sponsor!
Digital Asset Custody Company: https://digitalassetcustody.com
Cryptoasset Inheritance Planning: https://www.amazon.com/dp/B07BRQ864J/
Wired article on Coinbase’s custody rituals: https://www.wired.com/story/coinbase-physical-vault-to-secure-a-virtual-currency/