ESTATE PLANNING

A successful estate plan is the last gift you can give the most important people in your world.

Many people think that an estate plan is just a collection of confusing paperwork written in archaic lawyer-speak to transfer property to someone else when they die. The truth is that while the documents are very important, the estate “plan” is the strategy those documents put into motion. And a successful strategy can only come from a process of understanding who you are, who and what’s important to you, and then developing a clear plan to make the most of what you have and pass it on when you’re ready.

A successful estate plan articulates a strategy to make sure your wishes get followed if you end up in the hospital unable to speak for yourself. It ensures that the people you trust the most are empowered to act with the least amount of friction and delay when time and privacy matter the most. After you’re gone, a successful estate plan makes sure your loved ones are prepared to receive and steward the legacy you leave behind.

If you’ve never created an estate plan, or if your plan hasn’t been reviewed in a while, we can help you design and implement a strategy that fits your unique needs.

Special Planning Situations

Cryptoassets like bitcoin, Ethereum, Cryptokitties, and others have transformed the concept of value and wealth on a global scale, but these innovative assets are uniquely challenging to deal with in an estate plan. Crypto owners must not only effectively manage asset custody during their lives, but they must also securely manage the transition of their cryptoassets when they become incapacitated and after they die. Cryptoassets also often generate significant state- and federal capital gains tax liability that can be mitigated or eliminated with careful planning. We blend strategies from the most attractive domestic and international jurisdictions to help individuals and families with cryptocurrencies or other cryptoassets reduce their tax footprint and provide significant privacy and protection in the process. (And yes, we proudly accept payment in bitcoin (BTC), bitcoin Cash (BCH), and various other cryptocurrencies.)

With significant changes in international law the United States has become a privacy haven for the world. With a stable, diverse economy and with many other nations now sharing bilateral information (the U.S. doesn’t), many wealthy non-U.S. individuals continue to invest in U.S. companies, real estate, and other assets. Others, like professional athletes and entertainers, relish privacy and want to minimize their tax footprint. With strategic planning in advance, we can dramatically reduce the impact of U.S. tax on a family’s global holdings in highly secure, highly private strategies.

As a cyclist and an athlete, you know that your passion puts you at special risk. Like you, we spend hours on the road or on trails, seeking solitude and enjoying nature. We know that bad things can happen no matter how prepared we are. That’s why we have a special planning approach for cyclists and other athletes like you. Click here to learn about our planning approach for cyclists and other athletes.

Like any work of art, collectible vehicles must be handled with great care in the estate planning process. Often, other family members don’t understand how important a vehicle collection is to the owner’s legacy. We will work with you to help you ensure that your special vehicles are properly appraised and have adequate insurance coverage in the event of loss, and that your loved ones can properly manage your collection for future generations. Contact us to learn more.

Contact us today to start creating your own successful estate plan.

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