Jerry Taylor explains how roughly $200 billion in Bitcoin is permanently lost because owners died without sharing their private keys. Traditional estate planning doesn't cover crypto wallets, leaving heirs unable to access the funds. He offers a digital asset checklist to help you document and secure your crypto for your family.
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There is $200 billion in Bitcoin that is sitting in wallets and will never be touched again because the owners died and took the only password with them. All your accounts have beneficiary forms, but your crypto wallet has a seed phrase that lives in your head and nowhere else. When you die, that wallet doesn't go through probate. It doesn't transfer to your spouse. It doesn't get distributed to your kids. It sits on a blockchain forever because the private key died with you. It's estimated that 20% of all Bitcoin in circulation is permanently lost. And most of it lost this way because without the seed phrase, the money is gone. Not frozen, not delayed, gone. Crypto is an asset that your estate plan may not cover. The life event includes the digital asset checklist, what to document, how to store it securely, and how to make sure the right person can access it when you're gone. Comment the word kit and I'll send it to you. Go to the link in my bio and you can get it.