DEXIT ROUNDTABLE: Crypto Succession Planning -Winter 2025

As the world of cryptocurrency continues to mature, one topic is gaining increasing attention: crypto succession planning. During DEXIT's first open roundtable, experts from legal, tax, and blockchain fields came together to discuss how digital wealth can be responsibly and securely passed on to future generations. From navigating complex regulatory landscapes to discussing solutions that accommodate both tech-savvy investors and their less-technical heirs, the conversation highlighted both the challenges and innovations shaping this emerging field. Let's dive in!

Meet Our Panelists

Bart Cant - Founder of Rethink Ledger, Msg2AI, and head of the Charlotte Digital Assets Council, Bart has been at the forefront of blockchain technology for almost 20 years.

Thomas Spaas - Attorney Thomas Spaas solves Belgian domestic and international tax issues. He also assists clients by advising them on the legal aspects of cryptocurrency and blockchain technologies.

Henok Kebede CPA - Specializes in proactive tax strategy and planning for business owners, high-earning individuals, and professionals.

Brian Williams - Chief Strategy Officer at Kenson Investments.

& The DEXITCHIXS .. of course!

The Challenges of Crypto Estates

Our meeting participants discussed the legal, technical, and tax implications of crypto succession planning. Thomas Spaas, known for his expertise in legal and estate planning, highlighted the challenges of managing crypto estates in Belgium. He pointed out the need for customized solutions due to varying levels of technical knowledge among clients.

Many crypto wealth custodial companies are playing increasingly important roles. The technology used to hold digital assets requires specialized knowledge that beneficiaries and heirs often lack. Thomas also mentioned the potential for standardized solutions in insurance to cover technical risks. These requirements, which are not yet in motion, are also a precursor to discussions around taxation.

Moving Forward: Solutions for Crypto Succession

So where does one go from here? Today, Bart Cant suggested using custodian services for less technical heirs. He also advocated for the use of smart contracts for time-locked assets and multi-signature wallets to ensure secure inheritance.

What are smart contracts? Smart contracts are essentially contracts between two parties written on blockchain technology, eliminating the middleman. While smart contracts can facilitate simple transactions, they can also define and complete intricate, multiparty exchanges with precise timelines. This is where time-locked assets become integral to succession planning.

Multi-signature wallets are another option for managing group-owned assets or corporate funds. They minimize the risk of theft, but are most beneficial for users with complex security needs. Individuals with personal holdings might not require them.

The Importance of Planning Ahead

Planning for the future is essential, especially when it comes to digital assets. Many people overlook the importance of crypto succession planning. However, as digital wealth becomes more prevalent, it is crucial to have a strategy in place. This ensures that your online accounts and memories are passed on smoothly after you're gone.

By taking proactive steps now, you can secure your digital legacy. Consider consulting with experts who understand the nuances of cryptocurrency and estate planning. They can help you navigate the complexities and create a tailored plan that fits your needs.

Conclusion: Join the Conversation

We've learned a lot from our discussions. Firstly, we'd like to thank our panelists for their invaluable insights. We hope to continue this conversation in February next year.

Please be on the lookout to join in our conversation then!

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