Taxation with Representation

According to the Pew Research Center, nearly nine-in-ten Americans have heard of cryptocurrency, while 16% have personally invested in, traded, or otherwise used cryptocurrency. Cryptocurrency carries strong tax consequences and is incredibly volatile. However, as more people dip their toe in this new method of currency, it is important to determine how this impacts planning for the future – especially in regards to estate planning. As to both the individual passing along the currency and the executor who has a fiduciary duty to preserve estate property, cryptocurrency ...