How to include crypto, online accounts, and digital property in wills

Cryptocurrency, for example, is entirely password-driven. If your heirs don’t have the private keys or login details, the money could be gone forever.

We usually think of wills in terms of houses, bank accounts, and jewellery. But these days, a big chunk of our lives is digital — from cryptocurrency wallets to online bank accounts, trading apps, social media, and even digital property like websites or NFTs. If you don’t make provisions for them, your heirs could be left locked out of accounts or lose money that’s sitting in digital form.

Why digital assets matter in estate planning

Cryptocurrency, for example, is entirely password-driven. If your heirs don’t have the private keys or login details, the money could be gone forever. Similarly, online accounts like demat platforms, wallets, and even subscriptions carry value or liabilities. And then there’s digital property — domains, blogs, or e-commerce stores — which can continue earning money long after you’re gone.

How to include them in a will

The simplest way is to list your digital assets in your will, along with clear instructions on who gets access. You don’t have to write down passwords in the will itself — that’s risky — but you can maintain them securely in a password manager or sealed document, and mention how heirs can access it. Make sure your executor knows what exists and where to look; otherwise, these assets might go unnoticed.

Also read | The Last Word: How living wills help ensure death with dignity

Challenges and precautions

Unlike physical assets, digital property is tricky because not all platforms recognise the transfer of ownership. For example, social media accounts have their own legacy settings, while crypto exchanges may demand specific paperwork from heirs. The key is to combine legal instructions in your will with practical steps like sharing access securely and keeping records updated.

Bottom line

Your digital life may be invisible, but it’s part of your estate. A well-drafted will that includes crypto, wallets, and online accounts can save your heirs a lot of trouble. Think of it as leaving behind not just your money, but also the keys to unlock it.

FAQs

Q1. Should I write crypto passwords directly in my will?
No. Wills become public documents after probate. Use a password manager, safe deposit, or sealed letter instead, and mention access instructions in the will.

Q2. Can digital property like websites or NFTs be passed on legally?
Yes. As long as you mention them clearly in your will, they are treated like any other asset. Heirs may need extra paperwork with platforms, but the legal right will stand.

Q3. What if I don’t include digital assets in my will?
Your heirs may struggle to trace or access them, and in the case of crypto, funds could be lost permanently. Including them avoids this risk.