Matt McClintock
, executive managing director of Bespoke Group, first spoke with
Frazer Rice
on his “Wealth Actually” podcast in October 2020 to explore some of the intergenerational wealth transfer issues for individuals with large cryptocurrency holdings.
Specifically, Matthew shared his thoughts about:
- the importance of creating a mechanism for the succession of crypto wealth (if a crypto owner becomes incapacitated or dies, and doesn’t have a reliable mechanism to make sure their private keys are passed on to a trusted individual – that wealth will be lost!)
- the necessity of naming a savvy fiduciary who can properly manage the many issues unique to crypto wealth
- planning for physical custody of a hardware device and planning for custody of a private key to unlock a replacement device
- planning for trustee succession to secure these unique digital bearer instruments
- tax planning and sophisticated trust design based on the desired jurisdiction from a legal and tax perspective
Director of Next Vantage (Family Office Services at Next Capital Management)
1 年This was a fun and important show to lay out the issues of well-considered structuring of crypto-wealth.