A viewer asked: If I set aside XRP and wallets for each of my kids if I include theirs in my LLC, can I split back out later when they're older? This recording is Jake Claver's answer, in full and unedited.
Also coveredcold wallet, gift tax, institutional custody
More on this subject: jakeclaver.com.
What this recording covers
Claver outlines a multi-stage estate planning method for transferring digital assets to children while utilizing annual federal gift tax exclusions. He recommends transferring assets directly to children onto individual, segregated cold storage hardware devices rather than mixing the tokens into an existing family holding entity. Keeping transfers below the annual statutory gift limit allows donors to transfer assets without incurring immediate gift tax obligations. At a later stage, the children can contribute their independently owned digital assets into a family limited liability company in exchange for minority equity shares. Claver explains that establishing minority ownership interests allows the entity to obtain formal corporate appraisals with minority interest discounts, enabling families to transfer larger proportions of enterprise equity out of their taxable estates under favorable tax rules.
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.