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Digital Asset Planning

Overview

The rapid proliferation of new and wide-ranging digital assets has created an unprecedented "digital wealth revolution." In just a few years, thousands of "crypto-millionaires" have been created by the explosion of value in various cryptocurrency and other digital assets, the explosion of the non-fungible token (NFT) market and the creation of other unconventional digital marketplaces. Along with the emergence of decentralized finance, the increasingly widespread ownership and use of digital assets has created opportunity and challenges for clients.

 

Recent government action has compelled interagency collaboration in reporting on crypto-related issues, including consumer/investor protections, privacy, climate change, social safety net programs and cybercrimes, among others. In addition, the federal government is contemplating design and introduction of a U.S. central bank digital currency (CBDC). CBDCs and stablecoins are beginning to normalize the use of cryptocurrencies and may be the future of cross-border and other funds transfers.

Amid emerging regulatory environments and rapidly changing platforms, our team is up to date on the latest developments in cryptocurrency, digital finance and other virtual assets. Our attorneys are well able to serve the digital planning needs of our high-net worth clients and work to ensure that their financial interests are protected.

Estate Planning

Arroyo McArdle's team crafts flexible and creative plans for estates with digital assets and leverages our attorneys' knowledge and experience with these asset classes to meet our clients' needs. Our lawyers also advise and educate clients regarding how these assets work, how regulations governing them are constantly evolving, and how best to ensure that such assets can be accessed by and transferred to future generations.

Tax Compliance

New guidance on digital assets from the Internal Revenue Service (IRS) and other taxing authorities is being continually released, and significant changes in the regulatory environment for digital assets are expected. The experienced lawyers at Arroyo McArdle Private are monitoring and keeping abreast of these changes, and we use this knowledge to advise our clients on the appropriate treatment of virtual currency and other digital asset investments and transactions to help them remain tax-compliant.

Estate Administration

The lawyers at Arroyo McArdle advise clients on the post-death transfer and estate administration of digital assets, including transferring cryptocurrency from exchange platforms, as well as the transfer of digital wallets and keys, all without compromising the integrity of the distinct protections of blockchain technology. The challenges of transferring virtual assets at death can be avoided with careful advance planning.

Estate Tax Assistance and Compliance: Minimizing Tax Burdens

Beyond estate administration, our lawyers advise clients on tax-related activities for businesses, individuals, and estates. Our services include transfer tax minimization planning, representation in estate tax law controversies, and a comprehensive range of post-mortem planning strategies.

Dispute Resolution: Resolving Complex Matters

 

Collaborating with dispute resolution lawyers, we strive to achieve optimal results through negotiation and alternative dispute resolution methods, representing individuals, family businesses, charitable organizations, educational institutions, banks, and trust companies.

Tax-Exempt Organizations: Comprehensive Legal Support

Our team assists various tax-exempt entities, including U.S. or international charities, family or corporate foundations, educational institutions or organizations, professional associations, religious organizations, and more. Our team is proficient in the specialized and complex laws pertaining to these organizations and has experience relating to corporate governance issues and high-profile case settlement. We routinely advise tax-exempt clients on matters such as:

 

  • Wealth protection and transfer

  • Federal, state, and local tax laws

  • Corporate governance and transactions

  • Nonprofit asset management

  • Charitable and planned giving

  • Charitable solicitation

  • Estate administration

  • Business coordination issues

  • Bequest capture

  • Intellectual property

  • Real estate

Comprehensive Wealth Management Solutions for a Changing World

 

In today's dynamic landscape, effective wealth management requires a proactive, client-centered approach and a deep understanding of the complex challenges individuals, families, and organizations face. We offer a comprehensive suite of services tailored to your unique needs, backed by expertise and a commitment to safeguarding and enhancing your financial interests. Let our trusted team guide you through the evolving world of wealth management with confidence and peace of mind.

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