Posts tagged “Digital assets”

Leaving cryptocurrency to your loved ones

Posted on 11th September 2023

You can leave cryptocurrency like Bitcoin to your loved ones when you die

Cryptocurrency is digital money. It’s protected by technology called blockchain which safely stores information about your transactions.

Many people are interested in cryptocurrency because banks and governments don’t control it.

You can use cryptocurrency to buy some things online but it’s also a new way to invest and save for the future. Some think the value of cryptocurrencies will go up as more people use them.

How to keep your cryptocurrency safe

Posted on 11th August 2023

There are almost 9,000 active cryptocurrencies. You’ve probably heard of ones like Bitcoin and Ethereum. They are popular because governments and banks don’t control them.

However, holding and managing cryptocurrency investments isn’t straightforward.

Make sure your assets aren’t lost when you die

Posted on 12th October 2022

Using a smartphone and digital account is common but leaves little evidence of your assets when you die

Moving to online banking and turning off paper statements is convenient and popular. However, it’s easy to forget that this means there’s very little to tell your loved ones where your assets are when you die.

If they don’t have access to your digital devices and account details they might never find what you have left behind.

Why you should use legacy tools for your digital assets

Posted on 27th July 2022

We are all being urged to plan what will happen to our ‘digital memories’ by the Society of Trust and Estate Practitioners (STEP). These might include irreplaceable photos, videos, social media profiles and email accounts. If you don’t make arrangements before your death these could all be lost.

Social media accounts contain a lot of meaningful content that could be lost when someone dies

Can your next of kin access your digital devices?

Posted on 29th April 2022

The Society of Trust and Estate Practitioners (STEP) is supporting a campaign to give bereaved families access to their loved ones’ digital assets.

Friends and family might not be able to access your digital devices when you die

Have you included your digital assets in your Will?

Posted on 24th November 2021

It’s a new question for our technological age – what happens to your digital assets when you die?

People often underestimate what’s in their estate when they start to think about their Will. It’s easy to forget about things that are stored in the cloud or on a laptop or smartphone, social media accounts, online bank accounts and cryptocurrencies.

Coding for a website is a digital asset that you could include in your Will.

How many of your assets are digital?

Posted on 8th October 2021

Even photo stored on your phone or in the cloud are digital assets

Social media and email accounts, cryptocurrencies, and photographs stored in the cloud are all digital assets.

Although they are an important part of our lives, we probably haven’t given much thought to what will happen to them if we die or are unable to make decisions about them.

Joint research by the Society of Trust and Estate Practitioners (STEP) and the Microsoft-funded Cloud Legal Project at Queen Mary University of London has looked at the practical issues surrounding digital assets for estate planning.