Inheritance: managing digital assets in the digital afterlife

In the digital age, our personal identities are intricately linked to a growing array of digital assets and social media accounts to online intellectual property. In 2023, the global digital asset management market was valued at USD 4.22 billion with a projected growth rate of 16.2% from 2024 to 2030. This surge reflects the impact of remote work and distributed teams, which have accelerated the need for digital asset management systems. However, traditional inheritance frameworks struggle to keep pace with this rapid evolution and, as individuals accumulate valuable digital assets, questions arise about how to secure their legacies effectively. What happens to these assets when we are gone? How can we establish digital wills that ensure our wishes are honoured? And, who will manage our blockchain inheritance? Therefore, addressing these challenges is crucial for navigating the emerging field of digital inheritance law and ensuring our digital legacies are protected.

Source: TeamBlockc…