I'm wondering about the fate of Bitcoins when their owner passes away. Will the coins be lost forever or is there a way for someone else to access them?
6 answers
SeoulSerenitySeekerPeaceLover
Tue Dec 10 2024
Cryptocurrency investors face unique challenges in estate planning.
CryptoVisionary
Tue Dec 10 2024
When an investor passes away without a will, the distribution of their cryptocurrency investments becomes problematic.
Alessandra
Tue Dec 10 2024
In such cases, the state's intestacy laws dictate how the assets are to be handled.
HanbokElegance
Tue Dec 10 2024
These laws vary depending on the location, but typically, ownership of the assets will transfer to a spouse or children.
lucas_emma_entrepreneur
Mon Dec 09 2024
However, the exact mechanism for this distribution can differ significantly from one state to another.