Best Way to Gift Digital Asset to a Family Member. Jake Claver on cold wallet and gift tax.
What this recording covers
Claver explains the recommended procedure for gifting digital assets directly to family members while adhering to annual tax reporting thresholds. He advises individuals to transfer tokens from an existing wallet, whether held personally or within an entity structure, directly into newly configured cold storage hardware purchased for the recipient. Claver notes that keeping the value of the transferred assets beneath the statutory annual exclusion limit avoids triggering mandatory gift tax reporting forms or reducing the donor's lifetime gift exemption. By delivering the physical cold storage device containing the transferred units directly to the recipient as a completed gift, donors establish clear ownership without relying on complex trust distributions or fund structures for smaller family gifts.
Where this fits
This page hosts a recorded video and a short summary of what it covers. It is general information, not investment, tax, or legal advice, and not a recommendation to buy or sell any asset or to form any entity. Rules change and older recordings may describe a position that has since moved. Speak to a qualified professional before acting.