Patrick Owens Quoted in CNBC Article “Why your crypto wealth may never make it to the next generation”

Why your crypto wealth may never make it to the next generation

By: Cheryl Winokur Munk

“It’s very common for people not to update their estate planning documents for 10, 20 years or sometimes longer. If that’s the case, you’re behind,” said Patrick D. Owens, shareholder at Buchalter and a member of the law firm’s tax, benefits and estate planning practice group.

Absent language about digital assets, your heirs might have to go to court to get the authority for the executor or administrator of the estate to gain access to the crypto assets. Most likely they’ll get access, “but it’s a hassle,” Owens said. “Obviously, it means time and money going into court.”

To read the full article as published by CNBC, click here.