Succession Planning for your Digital Assets

While cryptocurrency is beginning to feature in more and more wills now, many will makers are not aware of the basic mechanisms to ensure these assets can be passed on. There are a string of digital assets that have emerged, from cryptocurrencies to non-fungible tokens (NFT’s), to on-line businesses, monetised social media accounts and even online savings accounts.
The contracts are sharp. Apart from creating confusion and sparking potential family disharmony, there is the real risk of losing the assets completely in cyberspace, with six or seven figure holdings trapped behind password-protected wallets and executors unable to identify what digital assets exist.
If you have digital assets that have not been specifically dealt with in your will, you should speak with an expert in that field.