1. Dolly Parton is known for her philanthropy and has important lessons to teach about doing good.
2. Winning a money judgment in litigation doesn’t automatically provide funds, and there are certain steps that need to be taken to collect the money owed.
3. Estate planning is important for every adult, allowing them to ensure their wishes are implemented upon passing away.
4. Congress may need to address the high estate tax exemption introduced in 2017 under the Tax Cuts and Jobs Act as it approaches its sunset in 2025. 1. Cryptocurrency should be specifically addressed in an estate plan to ensure its proper distribution after the owner’s passing.
2. Owners should consider appointing a digital executor who is knowledgeable about cryptocurrency to manage and transfer the assets according to their wishes.
3. It is important to provide access to digital wallets and accounts to the appointed executor or heirs to prevent loss of the cryptocurrency.
4. Professional advice from an estate planning attorney or financial advisor experienced in cryptocurrency can help navigate the complexities of including digital assets in an estate plan.
5. Regularly updating the estate plan to reflect changes in cryptocurrency holdings and the digital landscape is essential for ensuring its proper handling and distribution.
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