The only Bitcoin-specific IPS builder on the internet. Work through six sections and generate a complete, print-ready governance document for your family office — drafted to professional standards.
Establish the foundational identity of your IPS — who it governs and when it takes effect.
Define the parameters governing your family's Bitcoin position size and the rationale behind it.
Define the approved methods for holding your family's Bitcoin and establish key management protocols.
Define approved methods for acquiring Bitcoin and explicitly prohibit activities that conflict with the family's risk standards.
Establish the conditions and approvals required for spending, selling, or transferring Bitcoin out of the family's holdings.
Designate the fiduciaries responsible for this IPS and define how it may be amended.
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Bitcoin Mining Tax Strategy →A family office IPS should reflect your specific legal structure, trust documents, and fiduciary obligations. Our advisory services pair this tool with hands-on guidance for families ready to build institutional-grade Bitcoin governance.
Explore Advisory ServicesThis is a document drafting tool, not legal or financial advice. The output of this generator is a draft template intended solely as a starting point for discussion with qualified legal counsel, a licensed financial advisor, and a CPA. Nothing generated by this tool constitutes legal advice, tax advice, or investment recommendations of any kind.
A Bitcoin Investment Policy Statement has significant legal, tax, and fiduciary implications depending on your entity structure (LLC, trust, partnership, individual ownership). The document produced here must be reviewed and approved by your attorney before it is treated as a binding governance document or incorporated into any trust, partnership agreement, or operating agreement.
The Bitcoin Family Office and Hal Franklin are not licensed attorneys or registered investment advisers. Use of this tool does not create an attorney-client relationship or advisory relationship of any kind. Past performance of Bitcoin or any asset class is not indicative of future results. All investments carry risk, including total loss of principal.
Do not use the output of this tool as a final document without professional review.
A Bitcoin Investment Policy Statement (IPS) is a formal governance document that defines how a family office or high-net-worth individual will acquire, custody, manage, and transfer their Bitcoin holdings. It establishes allocation targets, custody standards, acquisition rules, distribution conditions, and succession procedures — providing clear fiduciary guidance for all stewards of the family's Bitcoin wealth. Unlike a traditional IPS, a Bitcoin-specific IPS must address unique considerations like private key management, multisig custody, hardware wallet standards, and the prohibition of altcoins or yield products.
Bitcoin's unique properties — self-custody, key management risk, bearer-asset nature, and generational transfer complexity — are not addressed by traditional IPS templates built for stocks and bonds. A Bitcoin-specific IPS protects the family by: documenting approved custody methods so successors know where keys are held; establishing rebalancing triggers so no single person can make discretionary allocation decisions; explicitly prohibiting leverage, altcoins, and yield products; and providing clear succession instructions that heirs and co-fiduciaries can follow without ambiguity. Without a written policy, families are exposed to key loss, disagreement among heirs, and fiduciary confusion.
No. The output of this tool is a draft document intended as a starting point for review by qualified legal counsel and a tax professional. An IPS is not inherently a legally binding contract in all jurisdictions — its legal weight depends on how it is incorporated into your entity structure (trust, LLC operating agreement, partnership agreement, etc.) and whether it is executed with proper formalities. Your attorney should review the draft and advise on how to give it the appropriate legal effect for your situation. Do not treat the generated document as final without professional review.
Most governance experts recommend an annual review of the IPS, timed to coincide with the family's broader financial planning calendar. Beyond the annual cycle, several trigger events should prompt an immediate out-of-cycle review: a significant change in Bitcoin allocation (e.g., price appreciation pushes position above the maximum allocation threshold), a custody provider change, the death or legal incapacity of a named fiduciary, a new family member joining the governance structure, or a material regulatory development affecting Bitcoin custody or taxation. The amendment procedure documented in Section 6 of your IPS should govern how changes are made and who must approve them.