Cryptocurrency News & Market Updates

TL;DR

• One family set up a revocable trust, pour-over wills, a guardian and conservator nomination, and powers of attorney with an estate planning attorney.
• A trust only controls assets titled in its name, so retitling accounts takes real time and effort.
• The family opened a Kraken account in the trust’s name using trust documentation, trustee identification, and a taxpayer identification number.
• This is one family’s experience, not advice. Talk to a qualified estate planning attorney and tax adviser.

Setting up a trust is rarely quick or comfortable. There’s paperwork, but mostly there are people: who you’d trust, who you’d ask, and what you’d want them to know.