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LifeLegacy to allow cryptocurrency in last will and testament

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May 18, 2022

LifeLegacy, a philanthropic estate planning platform, will allow users to include cryptocurrency into a last will and testament. They can leave cryptocurrency to loved ones or organizations through LifeLegacy's online will, according to a press release.

"Cryptocurrency is rapidly redefining the world's financial systems and is becoming increasingly more commonplace in our day-to-day lives. But the one major issue with the growing popularity of digital assets is that there is no easy process to include it in a financial plan and pass it on," Austin Cassidy, co-founder, LifeLegacy, said in the release. "About 20% of all Americans own cryptocurrency and this figure will continue to rise. With this in mind, we've made it possible to easily leave cryptocurrency held in a hot wallet on Coinbase, Binance, or other exchanges to any beneficiary, including charities."