What happens to your bitcoin and digital assets when you die?

Traditionally, when someone dies, their Estate (which a broad definition means their generic wealth) is collated by Executors and then distributed in accordance with their wishes as set out in their will OR by the rules that govern Intestacy if there is no will.

Times however are changing. Whilst it is easy for the Executors to write to a bank with a copy of the death certificate or grant or probate and request funds are sent to the Executor’s bank account, it would be impossible to do so with regards to bitcoin that may be held in a password protected wallet or exchange.

How can bitcoin and digital assets be passed to the Executors on death?

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Selachii Legal Limited

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Selachii is a modern commercial law firm, specialising in litigation and dispute resolution, helping businesses and their owners to achieve their objectives