A close up of gold coins representing crypto currency, with a graphic of a financial chart

What is cryptocurrency and what happens to cryptoassets when someone dies?

As many aspects of our lives move to the digital world, it’s unsurprising that the task of dealing with a loved one’s digital assets when they pass away is becoming increasingly common.

Due to cryptocurrency only recently emerging, many are still unaware of what it is and may overlook the stage of dealing with cryptoassets during estate administration. To help your clients better understand this type of digital asset, Kings Court Trust’s latest blog answers:

  • What is cryptocurrency?
  • Can you inherit Bitcoin and other cryptocurrencies?
  • Can cryptocurrency impact the amount of inheritance I receive?
  • How do I find out if someone owned cryptocurrency when they passed away?
  • What will happen to my cryptocurrency when I die?
  • How should I account for cryptocurrency in my estate plan?

Kings Court Trust is an award-winning estate administration provider that takes care of the practicalities after death. If you have any questions about estate administration or how you can work in partnership with Kings Court Trust, call them on 0333 207 5470 or email partners@kctrust.co.uk.

This article was submitted to be published by Kings Court Trust as part of their advertising agreement with Today’s Wills and Probate. The views expressed in this article are those of the submitter and not those of Today’s Wills and Probate.

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