Law Firm specializing in Wills, Inheritance and Donations on the Blockchain.

The vertiginous expansion of new technologies is unfolding its effects in the Spanish legal system, creating new situations with the common nexus of Blockchain technology. The use of this technology has encouraged and facilitated the acquisition of goods and services through the network. The possession of intangible assets (non fungible tokens(NTFs), cryptocurrencies, etc) that constitute what is called digital assets is becoming more and more frequent.

In addition to the current inheritance law -tested or intestate-, the new paradigm focuses on the legal consequences and functioning in the case of a digital estate as the object of inheritance. For this reason, we are increasingly being asked the following questions, 

what happens when the legitimate owner of these assets dies?

is it possible to inherit intangible assets or are they extinguished with the death of the legitimate owner?

The inheritance succession procedure has also been affected by this new digital era, so knowing the legal consequences is essential and we want to help you to know them. In this articleIn this article, we will answer the question posed, identifying its regulation and addressing the main issues that arise on the matter.