Thursday, November 18, 2021
Here is the abstract of an article I recently posted on SSRN entitled Non-Fungible Tokens: What Every Estate Planner Needs to Know:
Your client may own non-fungible tokens (NFTs) and ask you for estate planning advice. Would you be caught off-guard and give your client the classic “deer in the headlights” look? Obviously, that would not be prudent. To make sure this doesn’t happen to you, this article uses a FAQ approach to provide you with the background and information you need so that you will understand NFTs and how to give your client sage advice on how to handle them during the client’s lifetime and upon death.