LightYear Docs launches crypto discretionary trust
SMSF document provider LightYear Docs has announced a new cryptocurrency discretionary trust.
LightYear Docs has added a new cryptocurrency discretionary trust document to its platform, created by law firm Abbott & Mourly Lawyers.
Abbott & Mourly Lawyers’ Grant Abbott said the law firm’s discretionary trusts have “extra built in asset protection, streaming of crypto and digital income and capital gains to family members and crypto profit companies plus an ability to deal with blockchains around the world that do not recognise trusts”.
“As we head into the third wave of crypto and blockchain in the next decade, having a solid foundation to rely on will not only grow digital wealth but ensure it is for bloodline — another feature.”
LightYear Docs director Ashleigh Jaremyn said it was an exciting time for the company.
“Although the cryptocurrency market has taken a hit, we see a huge growth in blockchain.” said Ms Jaremyn.
“Blockchain is not just about crypto, but has grown to NFTs and we feel there will be a lot more investables coming from the blockchain.”
Miranda Brownlee
Miranda Brownlee is the deputy editor of SMSF Adviser, which is the leading source of news, strategy and educational content for professionals working in the SMSF sector.
Since joining the team in 2014, Miranda has been responsible for breaking some of the biggest superannuation stories in Australia, and has reported extensively on technical strategy and legislative updates.
Miranda also has broad business and financial services reporting experience, having written for titles including Investor Daily, ifa and Accountants Daily.
