Passing your property through a traditional will requires administration by probate. Probate proceedings are public record, making your specific assets known to the general public. A well crafted trust will maintain the privacy of your digital assets as they pass to your designated beneficiaries after you're gone.
MINIMIZE TAX LIABILITY
Bitcoin and other crypto assets are subject to capital gains taxes at sale. Assigning equitable ownership of your assets to a minor via a trust can reduce or remove long term capital gains liability, depending on the minors taxable income. Annual gift exemptions can be applied to make this option even more attractive.
As the bitcoin network grows, so does its utility and value. A digital asset trust can ensure the economic energy you've set aside will be aligned with your values, securing your legacy for generations to come. In some cases, Charitable Remainder Trusts may be an excellent tool to maximize the impact of the legacy you leave for generations to come.