How one of our clients approached estate planning and opened a Kraken account in their trust’s name

TL;DR One family set up a revocable trust, pour-over wills, a guardian and conservator nomination, and powers of attorney with an estate planning attorney.

A trust only controls assets titled in its name, so retitling accounts takes real time and effort.

The family opened a Kraken account in the trust’s name using trust documentation, trustee identification, and a taxpayer identification number.

This is one family’s experience, not advice.

Talk to a qualified estate planning attorney and tax adviser.

Setting up a trust is rarely quick or comfortable.

There’s paperwork, but mostly there are people: who you’d trust, who you’d ask, and what you’d want them to know.

Below, one of our clients shares how their family approached it, from the first conversation with an attorney to opening a Kraken account in the trust’s name.

It’s one family’s experience, in their words.

It isn’t advice, and every situation is different, but if you’re considering something similar, it’s a useful look at what the process involved.

Important: This article describes one Kraken client’s personal experience.

Continue reading at the original source →