Types of Digital Asset
| Asset type | Transferable by Will? | Notes |
|---|---|---|
| Cryptocurrency (Bitcoin, Ethereum etc) | Yes | Requires private key or seed phrase access |
| Online investment accounts | Yes | Subject to platform terms; probate may be required |
| NFTs and digital collectibles | Yes | Requires wallet access |
| Digital businesses / websites | Yes | Domain names, revenue, hosting all transferable |
| Social media accounts | Usually not | Most platforms are non-transferable; can memorialise |
| Streaming subscriptions (Netflix, Spotify) | No | Licences die with you — not transferable |
| iTunes / digital music library | No | Licences only — not assets |
| PayPal, cashback accounts | Yes | Balances form part of estate; probate may be required |
⚠️ Never put private keys or passwords in your Will. Wills become public documents after probate. Store access details separately in a secure document or letter of wishes stored with your Will.
Cryptocurrency Planning
Cryptocurrency presents a unique challenge: if your executor cannot access the wallet, the assets are permanently lost. Hardware wallets require a physical device and PIN. Software wallets require a seed phrase (12–24 words).
Best practice: write down the seed phrase on paper (not digitally), store it in a fireproof location, and leave clear instructions in a letter of wishes explaining what it is and how to access the wallet.
What to Include in Your Will
Your Will should acknowledge digital assets exist and direct your executor to a letter of wishes for access details. Name an executor who is comfortable dealing with digital assets — or specify that they should appoint a digital asset specialist.
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