New York, NY – Natalia Sishodia of Sishodia PLLC (https://sishodia.com/how-to-protect-digital-assets-after-death/) announces a focused initiative to help families protect cryptocurrency and other digital property through tailored planning led by a New York City estate planning attorney. The program addresses secure access, lawful disclosure, and seamless transfer of online accounts and blockchain holdings, integrating privacy controls, fiduciary permissions, and documented access credentials into core estate instruments.
The initiative details a practical roadmap that a New York City estate planning attorney can implement for high-net-worth clients with substantial digital holdings. Central elements include a comprehensive inventory of online accounts and wallets, formal consent language that aligns with service-provider tools, and custody methods that guard seed phrases and recovery keys. The framework also accounts for federal and New York tax considerations, including capital gains treatment of digital asset dispositions, New York’s estate tax threshold and cliff mechanics, and lifetime gifting strategies to manage taxable estates.
A New York City estate planning attorney within this program prepares wills, trusts, and powers of attorney that expressly authorize fiduciary access under New York’s version of the Revised Uniform Fiduciary Access to Digital Assets Act (RUFADAA), enacted in 2016 as EPTL Article 13-A. Where available, the plan coordinates directions set in online tools such as Google’s Inactive Account Manager and Facebook’s Legacy Contact. Clear instructions identify whether an account should be closed, memorialized, or transferred, and tie access steps to lawful disclosures of content or, where appropriate, limited “catalogue” information.
Security protocols emphasized by Sishodia PLLC include cold-storage options for wallets, offline retention of seed phrases, and controlled release of credentials to fiduciaries without exposing private keys. The plan advises against placing passwords in a will and instead references a secured location, a password manager with emergency access, or a sealed memorandum stored in a safe place.
Clients are guided to maintain an updated, printable inventory that lists platforms, account identifiers, two-factor methods, recovery codes, renewal dates, and device associations. Periodic reviews keep the record current after major life events and portfolio changes so fiduciaries can act without delay.
Tax and reporting components align with current federal treatment of digital assets as property, in which gains on sales are taxed at capital gains rates, and with New York State income taxation that follows federal characterization. The strategy addresses New York’s estate tax, including the statutory exemption and the cliff that phases out the benefit above 105 percent of the threshold, as well as federal filing requirements for estates above the federal exemption. Lifetime transfers using the annual exclusion, irrevocable trusts, and selective deferral mechanisms for eligible gains are incorporated when appropriate to the client’s objectives and risk profile.
About Sishodia PLLC:
Sishodia PLLC is a New York City law firm serving individuals, families, and business owners in trusts and estates, real estate transactions, and private-client matters across New York City and the surrounding region. The firm develops practical plans for wills, trusts, advance directives, digital asset governance, and cross-border considerations. In real estate, the team advises purchasers, sellers, and investors on residential and commercial deals from contract to closing. For consultations or more information, contact Sishodia PLLC at (833) 616-4646 or visit the firm’s website to schedule a confidential consultation.
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Email: natalia@sishodialaw.com
Website: https://sishodia.com/
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Company Name: Sishodia PLLC
Contact Person: Natalia A. Sishodia
Email: Send Email
Phone: (833) 616-4646
Address:600 3rd Ave 2nd floor
City: New York
State: New York 10016
Country: United States
Website: https://sishodia.com/