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The Kings Court Trust Blog

Keeping you up-to-date with Wills, probate and estate administration industry news

What is cryptocurrency and what happens to cryptoassets when someone dies?

As many aspects of our lives move to the digital world, it’s unsurprising that the task of dealing with a loved one’s digital assets when they pass away is becoming increasingly common. A digital asset that is frequently making the headlines due to its growing popularity is cryptocurrency. Due to cryptocurrency only recently emerging (in the first decade of the twenty-first century), many are still unaware of what cryptocurrency is and may simply overlook the stage of dealing with cryptoassets during estate administration.
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Over £30million in Bitcoin stolen raising concerns about the safety of cryptocurrency

on 12-Jun-2019 10:45:20 By | Kings Court Trust | Digital Assets Cryptocurrency
Cryptocurrency is digital money that is stored in a virtual wallet and uses encryption techniques to generate currency and verify the transfer of funds. Want to learn more about what cryptocurrency is and how it can impact future inheritances? Read our previous blog post which goes into detail about the digital currency.
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Businessman takes £105million worth of cryptocurrency to his grave

on 20-Mar-2019 16:50:31 By | Kings Court Trust | Estate Administration Cryptocurrency
Cryptocurrency has only become a popular topic of conversation in the last few years so it may come as a surprise to learn that cryptocurrencies have been in existence for over a decade. As cryptocurrency celebrated its 10th birthday, the digital currency hit the headlines as a man died suddenly without sharing his computer password or recovery key.
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The ongoing trend of leaving a digital legacy

By the end of this century, the number of dead people on the popular social media network, Facebook, is expected to outnumber living members – turning it into the world’s biggest ‘virtual graveyard’.
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Cryptocurrency: Understanding what it is and how it could impact future inheritances

on 25-Jun-2018 11:49:21 By | Ashden Walker | Estate Administration Cryptocurrency
Bitcoin. Ripple. Ethereum. Litecoin. Dogecoin. To some, these words look like gibberish but the reality is, they are all different types of cryptocurrency.
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