Forbes publishes its first list of cryptocurrency billionaires.

Economists and financial regulators debate the wisdom of investing in cryptocurrencies. However, they do recognize that some people have become very wealthy through them, according to Forbes in “Forbes’ First List Of Cryptocurrency’s Richest: Meet The Secretive Freaks, Geeks And Visionaries Minting Billions From Bitcoin Mania.”

The strength of these currencies is they can be used to process some payments. They can also be exchanged for government-backed currencies.

As the headline suggests, Forbes has produced a list of the richest cryptocurrency investors in the world for the first time. With people getting wealthy trading in cryptocurrencies, it should be expected that others will look to them to make their own fortunes.

People who do invest in these currencies, should be aware that by doing so they will need to make sure their accounts are part of their estate plans.

After an account holder passes away, someone will need to be able to access the accounts, so assets can be transferred to heirs and beneficiaries.

An estate planning attorney can advise you on creating an estate plan that fits your unique circumstances and may include some cryptocurrency accounts.

Do You Need To Speak With An Attorney About Estate Planning?

If you need to speak with an experienced estate planning lawyer please contact us online or call us directly at 800.756.5596 to first register for one of our free, informative seminars. Your attendance will qualify you for a special discount for our estate planning services should you decide to make a free appointment at the conclusion of the seminar and choose to proceed with us. We proudly serve clients throughout California with offices in Torrance, Newport Beach, Orange, Woodland Hills and Pasadena.

Philip J. Kavesh
Nationally recognized attorney helping clients with customized estate planning guidance for over 40 years.
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