Digital Assets, Including Bitcoins, Could Remain in Limbo After Death Without Specific Instructions
(Calgary Herald) How much are your digital assets worth, and what should be done with them upon death or incapacity?
It’s a question you should ask yourself as the popularity of online loyalty programs and virtual currencies like Bitcoin continue to grow, especially because many may not realize that these accounts can be as valuable as online bank and investment accounts.
People should also consider the money they have in accounts at sites like Amazon, iTunes and PayPal. It’s not just money that can be valuable, but also the presence you have on social media sites like Facebook and Twitter, photo-sharing sites and personal websites and blogs. “The list goes on and on,” said Chris Buttigieg, senior manager of wealth planning strategy at the Bank of Montreal.