It’s Time to Bite the Bullet and Talk About Bitcoin
Users of cryptocurrency payment systems like Bitcoin hail it as an efficient way of sending digital cash.
And while they may see it is as convenient cryptocash poses unique challenges when it comes to estate planning and has probate courts entering into unchartered territory.
What exactly happens to cryptocash when you die?
Here is why cryptocurrency systems such as Bitcoin have yet to win over some estate planning attorneys.
Where oh Where did They go?
One father knows what happens to Bitcoins all too well after losing his son, a Bitcoin holder, five years ago.
In order to administer his son’s assets he needs to gain access to his cryptocurrency stash.
The father knew that his son was a Bitcoin holder when he passed. But even after three years he still doesn’t know how many coins his son had and if they’re even worth anything.