What Happens to Your Crypto When You Die? Estate Planning for Digital Assets
Big Picture Retirement®
Devin Carroll
4.7 • 546 Ratings
🗓️ 17 February 2025
⏱️ 23 minutes
🧾️ Download transcript
Summary
Cryptocurrency has changed the financial landscape, and that includes estate planning. Unlike traditional assets, crypto presents unique challenges—there's no customer service line to recover lost passwords, and without proper planning, your digital assets could be lost forever.
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Transcript
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| 0:00.0 | The Big Picture Retirement Show does not provide tax, legal, or financial advice. |
| 0:04.3 | Listeners are encouraged to seek out their own advisors in these areas. |
| 0:10.4 | Hey, everyone, welcome to the Big Picture Retirement Show. |
| 0:13.4 | I'm your host, Devin, joined by my co-host, John K. Ross. |
| 0:16.5 | Howdy. |
| 0:16.9 | Howdy. So, John, state planning's always changing. |
| 0:27.1 | As the financial markets change, it has to, right? |
| 0:30.4 | Well, I mean, as life changes. |
| 0:32.4 | Yeah, for sure. |
| 0:33.5 | One of my favorite things to do is, and we talked about this in another episode of |
| 0:38.2 | you know the people that come into the to the office and they've already done their own |
| 0:42.6 | estate planning and what they would like me to do is confirm that what they've done is good |
| 0:47.5 | right don't actually want to pay me for my services or or nor do they respect my years of experience. |
| 0:55.0 | Just look at what I've done. |
| 0:55.9 | Tell me it's good. And I might give you a hundred bucks. That's right. Yeah. And without even so, like, you know, one of the items will be like a power of attorney. Uh-huh. Right? And they're like, well, we've got the power of attorney done. And I'll say, great. Would you mind going through it real quick and showing |
| 1:11.3 | me where it says that you have the power to retrieve a password? Yeah, right. And they go, |
| 1:16.4 | well, I don't, I don't think it says anything. I was like, do you don't have any passwords or, |
| 1:23.9 | you know, and all of a sudden they realize that their stuff is wholly inadequate. |
| 1:27.8 | Yes. |
| 1:28.1 | Right? |
| 1:31.0 | And then you pound on the table and you call them an idiot. |
| 1:32.4 | Get out of my office. |
... |
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