Have you considered how your loved ones will get access to your bitcoin when you die? In this video, Connor Dent, Director of Client Solutions at Unchained, covers 5 key considerations for setting up a bitcoin inheritance plan:
- The difference between possession and title
- Legally establishing a will or trust
- Ensuring your executor or trustee can access your keys
- Ensuring your executor or trustee knows what to do with your keys
- Bitcoin inheritance tax
How to set up a bitcoin inheritance plan: https://unchained.com/blog/how-to-bitcoin-inheritance-plan/
Learn about the Unchained Inheritance Protocol: https://unchained.com/blog/unchained-inheritance-protocol/
Note: The educational content in this video is designed around the United States. Nothing herein is catered to your specific circumstances, so please get advice from an attorney in your local area.
0:00 Introduction
0:59 Possession vs. title
1:54 Legally establishing a will or trust
2:57 Your executor or trustee must be able to access your keys
4:17 Your executor or trustee must know what to do with your keys
5:22 Bitcoin inheritance tax: Bitcoin is property
6:08 Summary of 5 key considerations
6:40 Conclusion