--- title: "Swan Generations" description: "Give real Bitcoin to the next generation with a dedicated wallet, family stewardship, and a clear path to taking control when they’re ready" url: https://www.swanbitcoin.com/generations/ --- # Swan Generations Give real Bitcoin to the next generation with a dedicated wallet, family stewardship, and a clear path to taking control when they’re ready --- Swan Generations ## Real Bitcoin. Sound Foundation. Give real Bitcoin to the next generation with a dedicated wallet, family stewardship, and a clear path to taking control. ## Bitcoin for Long-term Family Wealth Planning Swan Generations provides a unique service for parents, legal guardians, and others to make irrevocable gifts of real Bitcoin. We believe that real Bitcoin is the best store of wealth ever created and the most pristine asset for preserving the value of work over time. ### Administrator Stewardship Administrator controls and safeguards the wallet until ascension ### Flexible Ascension Age Flexible ascension age between 18 and 25, set by you ### Irrevocable Real Bitcoin Gifts Irrevocable gifts of real Bitcoin, not price exposure ### Tax Optimized Gifts carry the original cost basis, which may support tax-optimized strategies* ### Family Bitcoin Education Ongoing Bitcoin education for the whole family ### Swan Private Your dedicated Swan Private representative guides every step ## Common Questions ### What is Swan Generations? Swan Generations is a Bitcoin service that enables parents, legal guardians, and other family members to make irrevocable gifts of real Bitcoin to a child or young relative, with an administrator stewarding the wallet until a chosen ascension age. ### Who legally owns the Bitcoin in a Generations wallet? From the moment a gift is made into a Generations wallet, the Bitcoin is the legal property of the child or designated wallet owner. The administrator manages the wallet and must act solely for the benefit of that owner. ### What is the role of the administrator? The administrator manages the Swan Generations wallet and safeguards the assets until ascension. The administrator represents that they are the parent, legal guardian, or close family relative of the minor and accepts a core duty of care over the funds. ### What is the ascension age? Can I choose it? The ascension age is the age at which point the owner takes over control of the Swan Generations wallet. When you set up a Generations wallet, you choose an ascension age between 18 and 25. ### Are gifts to a Swan Generations wallet revocable? No. Every contribution is an irrevocable gift to the child. Once Bitcoin is gifted into a Swan Generations wallet, it cannot be reversed or reclaimed by the donor or administrator. ### How do taxes work for Bitcoin gifts? Swan does not provide tax or legal advice. Generally, gifts of Bitcoin carry the original cost basis to the recipient, similar to other property. This can be used in tax-optimized generational planning with your advisors. Swan does not provide tax or legal advice, and you should consult your professionals and resources such as [IRS Publication 551](https://www.irs.gov/publications/p551) for specifics. ### Can multiple family members contribute to the same Generations wallet? Yes. Parents, grandparents, and others can coordinate gifts into a single Swan Generations wallet, keeping in mind applicable gift tax rules. ### How does this fit with my overall Swan relationship? Swan Generations wallets sit alongside your existing Swan accounts — Swan Personal, Swan IRA, and Swan Vault — as a dedicated structure for children and heirs. Your Swan Private representative is always available to help answer further questions about Swan Generations. ### Where is the Swan Generations Bitcoin secured? All Swan accounts are secured by [Swan Guard](https://www.swanbitcoin.com/custody/), our suite of advanced security features and protocols that helps protect all Swan clients. Swan’s principled approach is to segregate duties between trading and custody, so we work with multiple regulated custodians for our services. To learn more about that approach, please see this [FAQ](https://help.swanbitcoin.com/hc/en-us/articles/360050513913-Which-custodians-does-Swan-work-with). For the Swan Generations wallet service specifically, the custodian partner is Bitgo Bank & Trust, a qualified custodian operating under the laws of the United States and authorized by the Office of the Comptroller of the Currency, and one of the oldest operating Bitcoin custodians. Learn more [here](https://www.bitgo.com/company/security/).