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Should You Add Bitcoin to Your Estate Plan?

Even though many people may feel uncomfortable planning for death, it's an important thing to do, especially for your loved ones. In the absence of an estate plan, property will be divided based on state intestacy laws, which could result in your assets going to people you don't want them to go to, and it can be a hassle for your loved ones.

Assuming that you've decided to plan your estate, you may wonder what you should include. Well, the more detailed you have, the better. And, if your property changes -- maybe you added new investments, such as Bitcoin -- it's best to add that to your estate plan as well.

Putting physical assets like a car or a house into your will or estate plan is relatively simple. Adding financial assets like stocks and savings accounts can be a little more complicated. But what about cryptocurrencies like bitcoin?

Now that bitcoin is legal tender and its value is skyrocketing, more and more people will be owners of bitcoin and other cryptocurrencies, meaning those assets will need to find their way into a will or estate plan. Here are five of the most commonly asked questions when it comes to bitcoin and estate planning, along with some answers.

We get it: there's no easy way to start talking about estate planning. And who wants to spoil the holidays with morbid talk about what's going to happen after a family member dies? None of that sounds appealing.

Then again, when else are you going to do it? The holidays are one of the few times you can get most of the family together, and maybe the holiday spirit will make everyone a little more patient, understanding, and generous. (Well, we can dream, right?) So here are a few pointers if you're delving into the estate planning discussion this holiday season.

You just brought a baby into the world, so you're probably not thinking about passing away any time soon. Sadly, that's the mindset of many new parents, and then tragedy strikes, leaving a young family without an estate plan.

It may sound morbid to start planning for the end of your life when you just began a new one, but it can be essential to making sure your children are taken care of. Here's what new parents need to know about estate planning.

A trust can be a great way to manage property and financial assets, both during life and after. But there's something about adding family to the mix that runs the risk of taking a great thing and making it not-so-great. While we love family, internal rivalries, grudges, and simple failures to communicate can turn a family trust into a family nightmare.

Here are three ways a family trust can go wrong, and how to avoid them:

Estate planning, although necessary, is never fun. Between federal estate taxes and state inheritance laws, designing a plan for your property after death -- and drafting the essential documents -- can be a major headache. Those arrangements can only get harder for non-U.S. citizens.

While navigating estate and immigration laws may seem overwhelming, here are five tips that can help simplify the process.

Inheritances are not treated the same way as normal marital property in a divorce. Generally, so long as there has not been any commingling with marital property, an inheritance can remain separate property, just like premarital assets. Commingling occurs when separate property, usually money, is mixed with marital property. For instance, depositing an inheritance check into a joint bank account is likely to convert it from separate property to marital property.

From time to time, a parent will need to take precaution to make sure their children's inheritances are safe from their own spouse, or their adult child's spouse. This issue is particularly pronounced for non-marital children, or when parents believe an adult child is at risk of divorce.

A recent lawsuit filed by a widower, and the deceased's nephew, alleges that a Mississippi funeral home refused to provide agreed upon transportation and cremation services due to the sexual orientation of the deceased.

Prior to the deceased's passing, specific arrangements were made weeks in advance, and confirmed 24 hours prior to death. Specifically, the funeral home agreed to transport and cremate the deceased. However, it is alleged that once the deceased passed, and the funeral home received the paperwork, the nursing home where the deceased passed was informed that the funeral home "did not deal with their kind."

It was clearly understood that this meant the funeral home did not provide services to LGBT individuals. The funeral home has denied the allegations and expressed surprise that anyone from their organization would say or do such a thing.

Caring for an aging parent can often be a rewarding, yet trying, experience. There are many common issues that come up between siblings when parents begin to show signs of their aging. Unfortunately, these issues, if not handled properly, can lead to escalated tensions and fighting between siblings, and can even end up in costly litigation.

What's worse is that many times, these conflicts are the result of mistakes that may be avoidable. Caring for an aging parent involves quite a bit more than many people are able to handle. Below, you'll learn about five of the more common mistakes siblings make when addressing the needs and issues surrounding their aging parent(s).

When there's a death in the family, the last thing anyone wants is a big fight over the deceased's property and assets. Unfortunately, when it comes to money and inheritances, relatives can quickly turn to bitter enemies.

However, there are few things a person can do to potentially help stop relatives from spending the funeral and grieving period fighting over who gets what. Here are three tips on how to minimize inheritance fights between relatives.