7 sats \ 1 reply \ @MDono10 18 Sep 2023 \ on: Do you have a plan to leave your Bitcoin to your Heirs? bitcoin
I think diversification in this particular situation is warranted as it allows for flexibility of how the heirs choose to operate and also allows for benefit in whatever situation occurs. I am considering the following setup with a % of sats in both:
  1. Stamp seed into titanium plates, give to Heirs
  2. USA - setup a Wyoming 1,000 year completed gift Irrecoverable trust
Why the mix? Option 2 allows for many tax benefits and these can also flow to the heirs. Option 1 allows for a middle finger to the tax man.
write
preview
0 sats \ 0 replies \ @eespn OP 18 Sep 2023
Nice, thanks for sharing your strategy,
If concerned about the burden of taxes for your heirs, loans against a Bitcoin trust is a venue to explore for maximum benefits and no taxes, loans are not taxed and most probably never will since the 1% uses this instrument for their yearly expenses taking loans on large insurance instruments
reply