Outlook Money
Crypto inheritance means leaving digital assets like cryptocurrencies or NFTs to your heirs. With no nominee system in India, you must securely plan how they’ll access them after you die.
Without proper planning, your family may face difficulties in claiming your crypto assets, leading to confusion and stress.
If you don’t share your crypto access details before you die, even courts can’t recover your assets, risking permanent loss. Edul Patel, Co-founder & CEO of Mudrex, says that It is estimated that around 3.7 million Bitcoins are permanently missing due to investors losing access to their assets.
Crypto is not legal tender but also not illegal. It is classified as a virtual digital asset that can be inherited as property under a valid will.
Mention your crypto in a will, name beneficiaries, give clear access instructions and store everything safely. Use platforms with inheritance tools if possible.
You can prevent loss and ensure that your family can easily inherit your digital valuables after you are gone, by taking care of your crypto inheritance now.