that somebody has access to these, and no
doubt you’ll change computers multiple times
in your lifetime along with countless password
changes. In such cases, some estate planners
are turning towards virtual storage facilities
such as the Safe4 Digital Inheritance Vault in
which you can store things such as passwords
and access codes, even photos, family recipes
and much of the sort. With such a system, you
only need one set of login details to access all
the information you wish to be known for when
you die which could make the distribution of
your estate much easier.
If you do have a virtual wallet full of your
hard-earned Bitcoins then you will no doubt
be needing a Will to ensure that you can gift
your wallet to somebody of your choosing.
With the value of a single Bitcoin surging
past £13,000 at the time of publishing this
magazine, it’s certainly not something you’d
want to be missed out of your estate. You
will also need to bear in mind that Bitcoins
are recoverable and identifiable, as such any
Bitcoins you have stored in your virtual wallet
will be liable to Inheritance Tax on your death.
For more advice on what to do with your digital
assets, speak to a member of the Society of
Will Writers in your local area:
https://www.willwriters.com/members/
If you are a company looking to incorporate
a safe online document storage for your
company then speak to Safe 4.
The Society of Will Writers
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