| Summary: |
"This book focuses on digital asset awareness in estate and succession planning. The idea of digital property permeating all aspects of our lives is gaining recognition as technology develops and our digital and physical lives become intertwined. Regardless of their role, every advisor has clients with digital assets be they those with digital footprints limited to e-mail, platform economy users driving revenue through e-commerce apps, small business mom-and-pop outfits or tech entrepreneurs. While there are numerous planning aspects for an individuals assets, there are scant resources on digital asset awareness. The authors use the estate of Gerald Cotten, his company, Quadriga, and its cryptocurrency exchange, QuadrigaCX, as a case study to illustrate the challenges of managing digital assets. They also highlight the potential financial and emotional loss resulting from digital assets being undisclosed, physically or legally inaccessible, or if there is a protracted delay in access. The subject of digital assets is new and growing, and Quadrigas bankruptcy trustee case provides a vivid opportunity to analyze, educate, and update estate advisors in this area. This book will inform advisors on the law surrounding digital assets in the United States and Canada, including issues and nuances of gaining physical access and legal access to digital assets after death."-- |
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