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Estate and Custody Planning For CryptocurrencyEstate and Custody Planning For Cryptocurrency

States are starting to offer regulatory solutions.

15 Min Read
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Recent cryptocurrency value fluctuations have left some investors wondering if it’s a safe investment. There have been many newsworthy events leading investors to this question —from the loss of private “keys”1 to the failure of any number of cryptocurrencies.2 For many investors, however, the risk is worth the reward. In a worldwide pandemic, when governments are embracing modern monetary theories and relying on economic stimulus programs to ease the financial burden of citizens, cryptocurrencies like Bitcoin may be an attractive haven. The finite supply and cryptographic security provide a hedge against social instability and inflation. Bitcoin appreciated nearly 770% during the first year of the pandemic, leaving the traditional “bar ...

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About the Authors

James H. Cundiff

James H. Cundiff is a partner in the Private Client Group at McDermott Will & Emery LLP.

Elise J. McGee

Partner, McDermott Will & Emery LLP

Elise J. McGee is a partner at McDermott Will & Emery LLP in Chicago.