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Dealing With Digital Assets in Wills: A Modern Guide for a Modern World

Most people now manage large parts of their lives online from banking and investments to photo libraries, social media profiles, and cryptocurrency wallets. Yet digital assets are often forgotten when people write their wills, leaving loved ones unable to access accounts, recover funds, or close profiles.

November 25, 2025

Dealing With Digital Assets in Wills: A Modern Guide for a Modern World

Cryptocurrency • Online Accounts • Social Media Profiles • Digital Investments

At Lyons Bowe, we take a modern approach to Wills & Probate, helping clients protect both their physical and digital estates so everything is handled smoothly and securely.

Here’s what you need to know about including digital assets in your will.

What Are Digital Assets?

A digital asset is anything of value that exists online or is stored electronically. This includes:

Financial Digital Assets

  • Cryptocurrency (Bitcoin, Ethereum, etc.)
  • Online investment platforms
  • PayPal balances
  • Online banking access
  • Digital wallets (Revolut, Monzo, Wise)

Personal Digital Assets

  • Social media profiles
  • Email accounts
  • Cloud storage (iCloud, Google Drive)
  • Photos, videos, and digital libraries
  • Online memberships and subscriptions

Intellectual or Creative Assets

  • Blogs, websites, domain names
  • Digital art
  • Online businesses
  • Monetised accounts (YouTube, Etsy, TikTok)

These assets may hold financial value, sentimental value, or personal information you would want protected.

Why Digital Assets Need to Be Included in Your Will

Without clear instructions, your family may not be able to:

  • Access accounts
  • Retrieve funds
  • Cancel subscriptions
  • Recover photos and memories
  • Close or memorialise social media profiles

Some platforms permanently lock accounts after death if no authorised person is listed.

Including digital assets in your will ensures:

- Secure access

- Clear instructions

- No unnecessary delays

- Reduced stress for loved ones

- Preservation of sentimental items

- How to Protect Digital Assets in Your Will

1. Create a Complete Digital Inventory

List all your digital accounts and assets, such as:

  • Cryptocurrency holdings
  • Exchange platforms
  • Email accounts
  • Social media
  • Investment apps
  • Cloud storage
  • Digital subscriptions

Do not include passwords in the will itself.

Instead, keep them in a secure place  a password manager or sealed document and reference their location.

2. Appoint a Digital Executor

This is someone you trust to manage your online accounts after your death.

Their responsibilities may include:

  • Accessing or closing accounts
  • Transferring digital investments
  • Recovering documents or photos
  • Managing online businesses

We can help you legally appoint a digital executor through your will.

3. Give Clear Instructions for Each Asset

Different platforms have different rules.

Your will should set out what you want to happen, such as:

  • Transfer cryptocurrency
  • Close, memorialise, or delete social media profiles
  • Access or download photos and documents
  • Continue or close online businesses
  • Retrieve funds from digital wallets

The clearer the instructions, the easier the process for your executor.

4. Understand Legal and Platform Restrictions

Some online accounts are licenced, not owned.

For example:

  • iTunes purchases
  • Kindle books
  • Streaming accounts

These cannot legally be transferred, but your executor can manage or close them according to your wishes.

Cryptocurrency has additional challenges because wallets cannot be accessed without private keys.

We advise clients on how to structure this securely and legally.

5. Keep Your Digital Estate Plan Updated

Digital assets change quickly  new accounts, new subscriptions, new crypto wallets.

Review your digital plan regularly, especially when:

  • Buying new cryptocurrency
  • Opening new accounts
  • Launching online businesses
  • Changing your phone, computer, or storage system
  • Updating passwords

Our Wills team can help you keep everything current.

Digital Assets in Probate

When someone dies, personal representatives must identify and value all assets  including digital ones.

Digital assets can delay probate if:

  • Nobody knows they exist
  • There is no access to accounts
  • Cryptocurrency keys are lost
  • Subscription services continue billing
  • No instructions were left

By planning ahead, you make probate simpler, faster, and far less stressful for your loved ones.

How Lyons Bowe Helps You Protect Your Digital Life

Our Wills & Probate team takes a modern, practical approach. We assist with:

  • Creating a digital inventory
  • Structuring access securely
  • Appointing a digital executor
  • Drafting clear instructions
  • Advising on cryptocurrency and online investments
  • Ensuring your digital estate is legally protected

We help you plan with confidence  for both your physical and digital assets.

Speak to Our Wills & Probate Team

If you want to make or update a will to include digital assets, we’re here to guide you through every step.

www.lyonsbowe.co.uk

lyonsbowe@gmail.com

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