Crypto for Advisors: Bitcoin: planning for inheritance

Planning for Bitcoin inheritance should separate who knows the holdings exist from who can access them, and address both access and legal authority, including scenarios such as illness, according to CoinDesk, citing Zak Townsend of Meanwhile. The article also warns heirs to move slowly because transfers are irreversible, understand cost basis and account type, and watch for scams; institutional firms will not ask for seed phrases. Shea Brown of Windle Wealth said taxable accounts may get a step-up at death, while IRAs/401(k)s generally do not and may require non-spousal beneficiaries to withdraw within 10 years.