Bitcoin and Cryptocurrencies – have you future proofed your digital assets?
Cryptocurrencies and blockchain technology have exploded over the last few years with some saying the emergence of this technology is the greatest technological leap since the Internet. At Tyndallwoods we are aware that as more people invest in these technologies issues begin to arise regarding inheritance and what happens to these digital assets in the event of a person loosing capacity or dying.
Due to the decentralised nature of blockchain technology, it is more important now then ever before to make and register Lasting Power of Attorney and update your Will detailing what should happen to these assets should you loose capacity or on death.
If an individual does have Bitcoin or other cryptocurrencies, we can use our professional expertise to draft a robust Will tailored to that individuals personal circumstances. We will be able to discuss the best options for individuals with cryptocurrencies on death or in the event they loose their capacity.
The Private Client Team at Tyndallwoods has a wealth of experience in writing Wills and can ensure that your wishes are followed, issues you may not have thought of are discussed thoroughly and, crucially, your Will will be valid and less vulnerable to challenge after you have died. Ian Buchanan is a member of the Society of Trust and Estate Practitioners, provide expert advise on the law surrounding Trusts, Estate and Inheritance. If you would like advice on private client law issues, please contact Ian Buchanan on 0121 693 2222.
The information provided in this post has been thoroughly and diligently researched to ensure its accuracy. The information and advice given on behalf of Tyndallwoods is general advice and we remind those reading the blog posts that the information is correct at the time of publication. We cannot take responsibility for an action, or lack thereof, from those who solely reference the content of the blog. We would like to remind readers that each case is unique and different and therefore accurate advice will be tailored by our solicitors to accommodate to your specific case.