Crypto held in an IRA or 401(k) is treated differently. These accounts generally do not receive a step-up in value. Instead, they continue to follow the rules that apply to retirement assets. Distributions are typically taxed as ordinary income, and in many cases, non-spousal beneficiaries must withdraw the full account balance within 10 years. Mixing crypto’s volatility and forced liquidation can create financial planning considerations.

Q. Who should I choose to be in charge?

Careful consideration when choosing the person to manage your assets is vital to make sure your plan works as you envisioned. This can be a stressful and emotional period for families, and the person you choose will likely be making decisions under pressure.

In…