Onramp Bitcoin Media Bitcoin Dynasty Trusts Launch: Generational Wealth & Legacy Planning
Aug 7, 2025
Paul Hoilman, a partner and strategic advisor at First Covenant Trust, shares insights on estate planning for Bitcoin holders. He highlights the launch of Dynasty Trust Services, bridging gaps in wealth preservation with a focus on South Dakota's advantageous trust laws. The discussion delves into strategies for minimizing estate taxes, protecting assets, and ensuring generational wealth through Bitcoin. Hoilman emphasizes the balance between self-custody and professional oversight, addressing privacy and custody challenges for future generations.
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Legacy Planning Gap for Bitcoin
- Bitcoin holders often face a gap in legacy planning and trust services suited to their needs.
- Centralized custody requirements hinder access to sophisticated financial legacy planning for Bitcoin holders.
Paul Hoilman's Career Journey
- Paul Hoilman transitioned from traditional finance to specialized ultrahigh-net-worth South Dakota trust services.
- He then connected this expertise with Bitcoin custody to address legacy and protection gaps.
Advantages of South Dakota Trusts
- South Dakota leads in dynasty trust laws with no rule against perpetuity, allowing trusts to last forever.
- Directed trust statutes allow Bitcoin investors to retain essential control over investments within trusts.