Advanced Estate Planning Summit - Fall 2022
Gain new insight and legal strategies for your law practice from some of the most prestigious estate planning experts presenting on timely cryptocurrency topics at our Advanced Estate Planning Summit!
Cryptocurrency and NFT Essentials: What Estate Planners Need to Know
Presented by: Pamela Morgan, JD - Empowered Law
Cryptocurrencies (like Bitcoin) and Non-Fungible Tokens (NFTs) are making their way to your client's portfolio (if they have not already). In this session you will learn practical tips for how to deal with them in estate planning, including 3 things you should never do. We will explore and learn the following:
• What is a crypto asset?
• Private Keys and Wallets
• Public Addresses
• Using Blockchain Explorers
• Privacy
• Assets and Yield:
• exchanges, stable coins, lending, and staking
• NFTs (rights and risks)
• Overall Estate Planning Do’s and Don’ts
• Resources
Cryptocurrency: Sign My Trustee Up
Presented by: James H. Cundiff – McDermott, JD, Will & Emery and Elise J. McGee, JD, McDermott Will & Emery
We will explore fiduciary administration and estate planning considerations related to cryptocurrency. Specifically, we will learn the following:
• Blockchain Basics
• Revised Uniform Fiduciary Access to Digital Assets Act (RUFADAA)
• Practical planning for blockchain assets (not a RUFADAA asset)
• Fiduciary duties in administering blockchain assets
• Taxation of cryptocurrency
• Planning ideas
• Current market conditions
Blockchain Asset Protection
Presented by: Blake Harris, Esq., Blake Harris Law
Estate planning attorneys are increasingly likely to have clients who own cryptocurrency and other digital assets. We will learn strategies for protecting these special assets against lawsuits and creditors' claims, and addressing the following topics:
• Overview of blockchain technology and cryptocurrency
• Estate planning for cryptocurrency
• Asset protection for cryptocurrency
The Valuation and Reporting of Cryptocurrency on Income, Gift, and Estate Tax Returns
Presented by: John L. Varga, III ASA, Management Planning Inc.
During this session, a primer on Bitcoin and other cryptocurrencies, with an emphasis on important topics facing trusts and estates professionals will be presented. We will explore existing and new tax regulations crafted specifically for valuing cryptocurrencies, and how they have approached cryptocurrency valuations in the context of charitable gifting, intrafamily gifting, and estate tax returns.
We will also learn about Qualified Appraisal requirements, regulations for pricing cryptocurrencies, blockage discounts, and other topics. This session will also include a review of the technical workings of cryptocurrencies, to provide participants with conversant knowledge of this constantly evolving asset class.
CLE: 4.5 general credits, may be eligible for up to 2.5 technology credits in some states
Approved States: CA, CO, NJ, NV, NY, OK, PA, VT
(AK, AZ, CT, MO, ND, NH, TX eligible to claim credit)
We will supply you with the information needed to apply in other states.
Contact shopcle@wealthcounsel.com for CLE assistance.
WealthCounsel members: This CLE eligible program is complimentary for WealthCounsel members. Please access and view it here via the member website for optimal experience and inclusion in your CLE Profile Account
