Simple Money Wins

E258 Bitcoin Estate Planning for 2 of 3 Multisig

E258 Bitcoin Estate Planning for 2 of 3 Multisig

As the default recommended multisig quorum, there must be lots of  2 of 3 multisig holders out there. So let’s make sure your 2 of 3 multisig also works as well upon your death as it does while you’re alive.

Three things to think about: who has your third key; access to keys 1 and 2 upon death; and consider a 2 of 4 multisig.

E257 How IRS Processing Delays Are Slowing Down Probate

E257 How IRS Processing Delays Are Slowing Down Probate

Probate is already a slow process, and recent IRS processing delays are making probate even slower.

Most probate cases must receive IRS tax clearance in order to close the estate. Otherwise, the executor and heirs are at risk for lingering tax problems and getting hit with unexpected tax bills later. Once the heirs understand this, they are fine with taking the time to close the estate properly!

E256 Multisig Keys for Bitcoin Inheritance Planning

E256 Multisig Keys for Bitcoin Inheritance Planning

If you have a multisig, who should hold keys as part of your bitcoin inheritance plan? Multisig is a great way to reduce risk of theft or catastrophic loss by reducing single points of failure. Michael Flaxman does a nice job explaining why to use multisig.

Anthony S. Park

Anthony S. Park

Executor, Attorney, Entrepreneur

I’m a New York executor and attorney, helping folks with estates, real estate, and inheritance.

I’m also an entrepreneur, ranging from running a factory in east Africa to local retail businesses.

I also podcast and write books, to share knowledge about how to make your legal and money matters easier.