-
Dead and Gone
Matthew Moody, a Bitcoin miner, passed away at the age of twenty-six. He had Bitcoin that he mined. However, no one knows how much he owned, where it was stored, or how to access it. This could be a nice sum of money for his loved ones; but because he did not share this information…
-
Forgetting Your Password Can Be Expensive
Stefan Thomas was an early adopter of Bitcoin. In 2011 he was awarded 7,002 Bitcoins. To store his Bitcoins, Thomas used a USB hard drive known as an IronKey. Later that year, he lost the password to the IronKey. IronKey allows ten attempts to enter the password before it is encrypted forever. As of January…
-
Crypto’s Volatility and Estate Administration
Matthew Mellon died in April 2018 with an estate worth approximately $200 million. Much of his wealth came from the cryptocurrency XRP, but his will did not mention his cryptocurrency His XRP needed to be liquidated to pay his outstanding debts and taxes. However, Mellon had entered into an agreement that limited the amount of…
Category: Cryptocurrency
Eckert & Krautkramer, LLC
Protecting Assets, Preserving Dignity, Ensuring Peace of Mind
Newsletter
Subscribe to our periodic email newsletter – full of legal updates and best practices.
By submitting this form, you are consenting to receive marketing emails from: Eckert & Krautkramer, LLC, 630 N. 4th St., Wausau, WI, 54403, http://www.eklawwi.com. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact