Cryptocurrency Estate Planning: Stepped-Up Basis Strategies and Executor Reporting Compliance

This episode explores the technical and legal requirements for passing digital assets to the next generation, focusing on tax optimization and security. We analyze the critical role of the stepped-up basis rule in minimizing capital gains taxes for heirs and the administrative burdens placed on executors under current federal regulations.\n- How does the stepped-up basis rule apply to inherited Bitcoin and Ethereum?\n- What are the risks of including private keys directly in a last will and testament?\n- How does the Revised Uniform Fiduciary Access to Digital Assets Act (RUFADAA) impact your estate plan?\n- What specific tax forms must an executor file for a cryptocurrency-heavy estate?\n- How can a Digital Asset Memorandum bridge the gap between legal authority and technical access?\n- What are the implications of foreign exchange holdings on an estate's FBAR reporting?\n- Why is a contemporaneous valuation on the date of death vital for IRS compliance?\n\nDigital Asset Planning is hosted by Ran Chen, EA, CFP®. He is a seasoned financial professional specializing in complex cases for high-net-worth individuals with international backgrounds, focusing on the intersection of digital assets and real-world financial planning. For more resources, visit https://digital-asset-planning.com.