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As financial planners, one of the crucial aspects when assisting our clients is ensuring that their estates and estate planning is structured effectively and accurately. Digital currencies is an aspect that should be discussed with your financial planner or attorney when drafting your Last Will and Testament.

Cryptocurrency is a digital asset that uses cryptography for secure financial transactions (blockchain). It has gained popularity in recent years as an alternative to traditional currencies and is used by many people as an investment.

Here are a few points to consider when it comes to including cryptocurrency in your Last Will and Testament:

  1. Make sure your beneficiaries know about your cryptocurrency holdings: If you want to leave your cryptocurrency to someone in your will, make sure they know about it and how to access it. You should also provide them with any necessary passwords or keys. This can be done by putting your details in a sealed envelope and leaving it in a place of safety or with your attorney.

  2. Consider using a third-party service to manage your cryptocurrency: If you don't feel comfortable leaving your cryptocurrency directly to your beneficiaries, you can use a third-party service that specializes in managing and distributing cryptocurrency assets. This can ensure that your cryptocurrency is distributed according to your wishes.

  3. As Crypto currency is listed as a financial product with the FSCA and is becoming more regulated with the South African Revenue Service, the currency value should be noted in your planning process in order to ascertain what the applicable taxes would be on your overall estate should something happen to you.

  4. Keep your will and any relevant information up to date: If you own cryptocurrency, it's important to keep your will and any relevant information up to date. This includes your passwords, keys, and any instructions for accessing your cryptocurrency.

  5. Consult with an attorney: If you are considering including cryptocurrency in your will, it's a good idea to consult with an attorney who is familiar with these types of assets. They can help you make sure that your will is properly drafted and that your wishes will be carried out.

Overall, including cryptocurrency in your Last Will and Testament is a personal decision that should be made after careful consideration. It's important to make sure your beneficiaries know about your holdings and to keep your will and relevant information up to date. Consulting with an attorney can also be helpful.


If you would like assistance with your financial planning, or estate planning, please feel free to contact us for an appointment.

You can book a consultation with us by calling 011 608 3338 or by submitting your information through our website at

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