How to pass your Crypto upon your death is explained.

This is the second video of a series explaining cryptocurrency and the law. How to protect your Bitcoin and other cryptocurrencies. How to set up your own personal property trust.

I explain how to protect your cryptocurrency and hand it down to your children.
I also explain how to avoid probate, and use a simple cryptocurrency trust.

♦ Link to set up your own cryptocurrency trusts: https://mattlaw.com/trustform/

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♦ Where to learn more about cryptocurrency from CryptoCasey:    / @cryptocasey  

Timeline:

0:00 Introduction How to set up your own cryptocurrency trust without a lawyer
0:22 What a trust does for you
0:30 Can a trust avoid taxes
0:40 Most times the taxes flow from the trust to the grantor
9:50 Upon your death the tax burden goes to the beneficiary
1:10 Do you need an attorney to set up a trust? No.
1:25 Most people can set up a simple personal property trust on their own
1:30 You name yourself as the trustee
1:38 You name the beneficiary as the person who will receive the cryptocurrency upon your death
1:46 Successor Trustee takes over upon your death
2:10 Defining some legal terms
2:13 Grantor definition
2:19 Trustee definition
2:26 Beneficiary definition
2:39 Successor Trustee definition
2:49 Successor Beneficiary definition
3:00 In some states you cannot be the sole trustee and the sole grantor
3:20 You can't be the sole trustee and the sole beneficiary
3:26 Formalities to follow setting up your cryptocurrency trust
3:40 Formalities of a will, two witnesses and a notary
4:05 Trust template to create your own trust
4:08 Name your trust any name you like
4:30 You are the Grantor
4:40 Name the Beneficiary
4:55 Name the Successor Beneficiary
5:18 The Trustee has duties to perform
5:30 Trustee checks for software updates to wallets
5:40 One crypto wallet per beneficiary
6:26 Separate wallets for separate trusts
7:00 Signing the trust documents to make it official
7:13 Two disinterested witnesses
7:16 Notary for your signatures at grantor and co trustee
7:29 Schedule A form listing the property you put into the trust
8:11 What to do with your private key