New legislation now officially recognises digital assets as property. This addresses the previous lack of clarity about the status of digital assets, including cryptocurrency. This means you can now treat them like other types of asset in your Will.
Posts tagged “Wills”
Recent Court cases highlight why it’s important to make sure you have a valid Will which accurately reflects your wishes.
Tokenisation creates a digital representation of a real thing. It’s used to protect sensitive data or efficiently process large amounts of data. You can also transfer ownership of your real-world assets into tokens using distributed ledger technology (DLT) known as blockchain.
Transferring your assets to a protection trust may seem like a good option to reduce Inheritance Tax or minimise care fees.
However, a recent report says that misleading claims have persuaded people to choose this route when it won’t help them.
The latest survey from the charity Will Aid found almost six out of 10 people have never written a Will.
One in 10 of those who have a Will say it no longer reflects their wishes.
The story of thieves raiding unclaimed estates continues after recent coverage by the BBC.
Forged Wills for people who die intestate is emerging as a trend, recently highlighted in a BBC podcast.
Have you remarried or divorced, started a new family or have stepchildren?
A new report recommends more options to allow challenges to your Will.
A new petition calls for legal changes to make courts recognise pets as family members instead of property. It currently has almost 4,500 signatures but needs at least 10,000 to ensure the government responds. The deadline for signatures is 27th September.
Max George, member of the popular band ‘The Wanted’, says he wrote his Will on a smartphone before emergency surgery. Unsurprisingly, this caused a lot of comment amongst legal professionals.