Write a research essay on Bitcoin, virtual real estate, and NFTs. Begin by defining each subject, then explain the overall benefits and risks associated with each. Include an investment analysis for each, focusing on family office investments. Why might these be advantageous or risky investments for a family office? Additionally, discuss the legal aspects of trust administration for these assets. How is Bitcoin passed down to future generations or dived among a trust in the event of a death? Furthermore, how would virtual real estate be divided if shared among multiple partners in a trust? Address how ownership of physical and intellectual property works with NFTs. Is it legal to virtualize someone else’s work, and what are the liability implications from a trust administration perspective?
Crypto currencies and virtual assets family office investment and trust administration
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