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Cryptocurrency and estate planning

South Carolina Business Review
SC Public Radio
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Cryptocurrency has been in the news a lot lately as values have tumbled. Many are still believers though, and may continue to be until the day they die. So what does happen to cryptocurrency assets when someone passes away? Allen Gillespie is our resident crypto expert and managing partner at FinTrust Capital Advisors in Greenville, SC.

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After almost 20 years, Mike Switzer retired from Wells Fargo Securities in 2001 as Senior Vice President/Investment Officer and Certified Portfolio Manager. In 1999, he and his wife, Maggie, purchased and operated for eight years the Baskin Robbins ice cream store on Forest Drive in Columbia. They grew the store from a bottom-tier operation in the Baskin Robbins franchise system to one in the top 5% nationwide within three years, tripling sales along the way. While operating the ice cream store, Mike and Maggie received patents for a portable ice cream sink and fold-down sneezeguard they invented and in 2002 started Magnolia Carts, an ice cream cart manufacturing company, which they sold in 2013.