Blockchain technology is a shared, decentralized ledger system that records certain transactions and assets. It’s typically used to store information about cryptocurrency, like Bitcoin. It consists of virtual “blocks”, which contain information about who owns a certain amount of crypto. These blocks are connected by hashes (the hash at the end of one block connects with the hash at the beginning of the next block). In this way, they form a “chain” of information that cannot be easily removed or altered.

As more and more people acquire assets that are represented using blockchain, estate planning has had to evolve to accommodate both the assets and the technology. As with any new technology, the laws regarding blockchain are lagging behind its use. That means that estate planning is especially important in cases where a substantial amount is held on a blockchain.

Estate Planning Difficulties With Blockchain

Having assets raises specific problems in regards to estate planning. Unlike other assets, which can be easily discovered and are often accessible with a death certificate, no such safeguards exist on the blockchain. Some other issues that complicate estate planning include:

  • Heirs are unaware that assets exist (that is, they do not even know to look for them).
  • Heirs know that the assets exist, but do not know where they’re held (are they on an exchange? In a wallet?)
  • Heirs know the above information, but do not know the appropriate passcodes to access them (or do not know where the passcodes are securely stored).

Estate planning is vital for anyone who holds sizeable assets that they want to pass on to their heirs. However, in the case of blockchain assets, it’s of paramount importance that thorough estate planning, with an advisor knowledgeable about blockchain, be performed as soon as possible in order to ensure the transferability of wealth.

Chadwick Boseman was an American actor best known for his portrayal of T’Challa/Black Panther in the Marvel Cinematic Universe. Boseman was born on November 29, 1976 in Anderson, South Carolina, and began his acting career in the early 2000s, appearing in television shows such as Law & Order and CSI: NY.

Chadwick Boseman had his breakout role came in 2013, when he played Jackie Robinson in the biographical film 42. He went on to star in a number of notable films, including Get on Up (2014), in which he played James Brown, and Marshall (2017), in which he played Thurgood Marshall.

Boseman’s most famous role, however, was as T’Challa/Black Panther in the Marvel Cinematic Universe. He first appeared as the character in Captain America: Civil War (2016) and later starred in the solo film Black Panther (2018), which was a critical and commercial success and earned Boseman numerous awards and nominations.

Boseman died at the age of 43 in 2020 of cancer. He didn’t leave behind a Last Will and Testament, which is a document that  that directs how property shall be distributed upon a deceased person’s death.It looks like his estate and assets are finally settled among his family members and loved ones: everything is to be dispersed evenly between the late actor’s parents and his girlfriend. After taxes, funeral and legal expenses are all removed from his estate, a whopping $2.5 million fortune was left. Find out what exactly what Taylor Simone Ledward (the late actor’s girlfriend) is using some of that money to pay for: 

What’s up with Chad Boseman’s estate?

Warren Buffett is a widely respected and successful investor, businessman, and philanthropist. He is the chairman and CEO of Berkshire Hathaway, a conglomerate holding company that owns a diverse range of businesses in various industries.

Buffett is known for his value investing approach, which involves seeking out undervalued companies with strong potential for growth and holding onto them for the long term. He has consistently outperformed the stock market over the years, and his net worth is currently estimated to be over $100 billion.

In addition to his business ventures, Warren Buffett is also known for his philanthropy. He has pledged to give away 99% of his wealth to charitable causes, and has donated billions of dollars to various organizations through the years.

Buffett is often referred to as the “Oracle of Omaha” due to his successful track record as an investor and his home base in Omaha, Nebraska. He is widely respected and admired for his business acumen, wisdom, and generosity.

His entire fortune will be left to charity. The fortune, to spent within a span of a decade, is supposedly enough money for every child on the planet to live on. While Buffett has been mum about how the massive fortune will be dispersed, the Bill and Melinda Gates foundation is counting on some of that money for its own charitable endeavors. The $96 billion-dollar fortune is supposed to be dispersed as follows:  $17.4 billion has been set aside for four separate family charitable organizations, $56 billion is (allegedly) supposed set aside for the Gates Foundation, and $18.7 billion is left behind (so far) in unclaimed charitable funds. He’s supposedly planning to create a children’s world bank, which allocates a certain amount of money to each child on Earth.

Find out the plans about how this money is to be spent by clicking on the link below: 

Warren Buffett is leaving behind his vast fortune

A Last Will is a document that outlines where all of your assets, your estate, etc., will go when you pass away. There are often numerous fights over Last Wills. This is no different: the Bittner family (what a name!) is fighting over his Last Will and his inheritance. 

Ever hear of a little place called Quad-City? Well, now you have. Nestled in the State of Illinois, a major court dispute over a Will is brewing: Jeffrey is the  son of the late Richard Bittner, who is contesting the fact that his mother, Joan, is the sole beneficiary of the IRA left behind in his father’s Last Will. An IRA  is an Individual Retirement Arrangement. 

Richard was a well-known Attorney who had generously donated to several charities, and chaired several banks in Quad-City. 

Richard last updated his legal document in 2014, citing his widow as the sole beneficiary of two established trusts in his name:  The R. Richard Bittner Family Trust and the Joan Y. Bittner Marital Trust. Richard’s IRA is worth millions (approximately $3.5 million). This is the largest of his assets and his son is contesting his mother’s beneficiary of the IRA. 

You can read more about the ongoing case here.