Estate planning · Will
Digital assets in a Will: crypto, accounts, passwords
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Facts
India has no specific digital inheritance law yet. Digital assets, crypto, Gmail, Instagram, domain names, digital businesses, must be explicitly addressed in your Will or a separate Digital Asset Letter (kept with the Will).
Provisions and law
- IT Act 2000 | No specific digital inheritance law yet in India
Analysis
Crypto: Name the asset, the wallet type, and where to find the private key / seed phrase. Do NOT put the seed phrase in the Will itself (it becomes public via Probate). Store it in a sealed envelope or hardware wallet whose location is described in the Will.
Conclusion
- List all crypto holdings, exchange names, wallet addresses (not seed phrases)
- Email accounts, which are used for financial services
- Online businesses, domain names, revenue-generating accounts
- Cloud storage with important files
- Social media accounts, note preference: memorialize or delete
- Store access instructions in a sealed physical envelope with a trusted person
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