Crypto Legacies: Key Questions For UK Charities (Part 1)

Part 1: Planning for future crypto legacies

As the prevalence of cryptocurrency grows, the incidence of donors wishing to give this type of asset either in lifetime or on death to charity is similarly increasing – or at least being considered. There are two scenarios for charities that may be a beneficiary of a cryptocurrency legacy in a will to consider. Firstly, where a donor approaches the charity in their lifetime asking about how to leave the charity cryptocurrency assets in their will; and secondly where the charity is named as a beneficiary of an estate which is thought to hold crypto assets.

The first question is simple: is your charity prepared to accept cryptocurrency legacies?