Crypto Archives - Nielsen Law

Three Things You Need to Know about Cryptocurrency and Your Estate Plan from Austin Estate Planning Attorney Liz Nielsen

Liz Nielsen / July 12, 2022

Cryptocurrency’s popularity has rapidly increased in recent years, with more people buying and selling it. Here are three things you need to know about cryptocurrency in relation to your estate plan. Beware of the Tax Consequences Transferring your cryptocurrency to other people, either during life or at your death, could have income, estate, and gift tax […]

What to Know about Nonfungible Tokens (NFTs) from Austin Estate Planning Attorney Liz Nielsen

A nonfungible token (NFT) is a unique digital code that represents a digital item such as art or music, as well as a growing number of physical items, that runs on the blockchain (a secure, decentralized, and cryptography-backed online ledger) and provides proof of ownership of virtual collectibles. That explanation is likely to cause confusion, and […]