Estate planning and administration with crypto-assets
Leigh Sagar & James Davies explore crypto-asset succession planning. They delve into the intricacies of two asset types—contractual claims held by service providers and user-controlled assets with private keys—unravelling the legal landscape and applicable succession laws.
From drafting wills to minimising risks and navigating the post-mortem phase, we guide you through the executor’s role in identifying and taking control of crypto-assets. Gain insights into the challenges of valuation, selling assets, and appropriation to beneficiaries, with a keen focus on inheritance tax implications. Our experts tackle the dynamic nature of crypto-asset values during administration, addressing scenarios of value fluctuations and unrealizability. Join us for a concise yet comprehensive journey through the complexities of the cryptoverse afterlife.