Crypto Legacies: Key Questions For UK Charities (Part 2)

Part II: What to do when your charity benefits from an estate containing crypto assets

Our previous article considered the steps UK charities can take when a donor approaches the charity in their lifetime asking about how to leave the charity crypto assets in their will. The alternative scenario is that your charity is named as a beneficiary of an estate which is thought to hold crypto assets.

With any luck, your benefactor will have chosen an executor with the ability to administer an estate containing such assets and given them an inventory of digital assets and an access plan, ie a list of passwords and private keys, to enable them to identify and access the estate's holding. But this may not be the case. Many testators have security concerns with giving access plans or simply never got around to it. And, as discussed below, some tokens will require an expert to decipher their characteristics and assist with collecting them in, irrespective of the