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Tim Picciott is a financial advisor who specializes in cryptocurrency integration with traditional financial planning vehicles. He works with clients on tax-efficient strategies for holding crypto assets through trusts and retirement accounts.
1Interview
2018First on the show
Sep 2018Latest appearance
21 minOn camera
21:15
Latest interview · Sep 10, 2018Tim Picciott on crypto in trusts and tax planningWatch the episode →
In their own words
“I used a 55 year old guy put 15 million dollars of crypto into one of these trusts and he isn't sure you don't trigger any capital gains and so you get it close to a five million dollar tax break.”
Key points from the latest interview
- Charitable trusts allow crypto holders to receive massive tax deductions while keeping assets that grow tax-free and can be diversified.
- A $15 million crypto contribution to a charitable trust could generate approximately $5 million in tax savings without triggering capital gains.
- Self-directed IRAs and crypto IRAs enable alternative retirement account structures, though regulatory approval processes can take several months.
- Traditional financial institutions initially resisted crypto integration, with major broker dealers banning advisors from discussing blockchain in 2017.
- Cryptocurrency integration into trusts and retirement vehicles requires specialized knowledge distinct from traditional financial planning expertise.