The Latest on Regulation, Transactions Reporting, NFTs, and More
Cryptocurrencies are making huge waves in estate planning. The new federal law currently under proposal in Congress has robust provisions regulating digital currency transactions and imposing harsh penalties for noncompliance. Bitcoin has just reached a new milestone and was recognized as legal tender for the first time. The IRS is actively combatting cryptocurrency tax fraud. And access to digital assets is the new top challenge for executors. This focused legal briefing brings you the latest update on the legal status of digital currencies in the U.S., their role and best uses in estate planning, and practical ways for fiduciaries to access and account for digital assets. Get answers to today's top questions - register today!
What are the rules and strategies of using trusts and LLCs to hold cryptocurrency?
How do the proposed digital currency transaction reporting rules affect fiduciaries and estate planners?
The IRS is cracking down on cryptocurrency tax fraud. What are the attorney and fiduciary duties in reporting it?
How can executors ensure none of the cryptocurrency assets have been missed and gain legal access?
How do NFTs fit into estate plans?
What are the best estate planning tools for cryptocurrencies right now?
Proposed Changes to Cryptocurrency Transactions Reporting, Noncompliance Penalties, Effective Dates
Proposed Rules' Impact on Fiduciaries
New IRS Efforts to Combat Cryptocurrency Tax Fraud
Cryptocurrencies Classification and Regulation in the U.S. and Around the World Now
Current Valuation Issues
NFTs in Estate Plans and Probate
Access and Digital Wallets in Estate Administration
Can Trusts and Pass-Through Entities Hold Cryptocurrency? The Fair Market Value Conundrum and Capital Gains Questions
Estate Planning With Digital Currencies: Current Best Practices
NICK A. DUPRE is managing partner at Stanfield & Dupre, PLLC, where he concentrates his practice on probate, estate and gift tax planning, business planning and taxation, asset protection, estate administration, elder law, charitable organizations, and intellectual property transactions. Mr. Dupre is board certified in estate planning and probate by the Texas Board of Legal Specialization. He is licensed to practice in Texas and before the U.S. Tax Court. Mr. Dupre is a member of the State Bar of Texas, and The Woodlands and Houston bar associations. He is also a member of the Houston Business Estate Planning Counsel. Mr. Dupre earned his B.A. degree from Trinity University and his J.D. degree, cum laude, from the Texas A&M School of Law.
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