[WSBAPT] Cryptocurrency in estate planning

[Tom Westbrook]

Following. Please respond to list.



Sincerely,



Tom



Thomas J. Westbrook

Attorney at Law



324 West Bay Drive NW, Suite 201

Olympia, WA 98502

(360) 866-4000 phone

(360) 866--3832 fax

www.buddbaylaw.com



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*From:* wsbapt-bounces at lists.wsbarppt.com <wsbapt-bounces at lists.wsbarppt.com>
*On Behalf Of *Rachel Bender
*Sent:* Tuesday, November 09, 2021 12:20 PM
*To:* WSBA Probate & Trust Listserv <wsbapt at lists.wsbarppt.com>
*Subject:* [WSBAPT] Cryptocurrency in estate planning



Hi all,



I'm sure we'll all be getting more questions like this in the coming years.



I wanted to check if anyone has experience drafting specific language to
insure that a client's cryptocurrency is included in their estate planning.
Would it just be a matter of listing the accounts in their portfolio (so
that the PR / trustee knows of their existence)? Of course, if a specific
beneficiary is to inherit, that would be mentioned in the distribution
section like any other property.



I'm currently working on a RLT, and my initial research indicates that
crypto wallets cannot be titled in the name of the trust (but some allow
you to contact customer service to set up a beneficiary, I think). Perhaps
I'm overthinking this.





*Rachel R. Bender | *Managing Partner


*Bender Law PLLC*
4634 East Marginal Way S* | *Suite C-150 *|* Seattle, WA 98134
*Reception*: 206.577.7987 *| Direct*: 206.649.3266 *|* *Fax*: 206.693.4365

www.bender-law.com



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