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Nov 5th: Lost Keys, Lost Fortunes: The Inheritance Crisis of Digital Assets featuring Reid A. Winthrop, Managing Partner, Winthrop Law Group, PC
Here's something that should keep you up at night: what happens to your cryptocurrency and digital assets when you die?
Reid Winthrop, managing partner at Winthrop Law Group, and David Parsons joined hosts James Tylee and Jonny Fry to tackle this increasingly urgent problem. As property, cryptocurrencies, and personal accounts move onto blockchain, the century-old systems that banks traditionally managed—insurance, escrow, and title transfers—need complete reimagining.
Reid explains how insurance products must evolve to protect against lost private keys and custody failures. (Traditional custodians like BNY Mellon can't help with decentralized wallets.) Without proper planning through attorneys or services like London Digital Escrow, your digital assets can vanish permanently, leaving your family struggling to cover funeral expenses during the four to six months probate takes in the UK.
00:00:00 - Digital Asset Inheritance Crisis
00:00:56 - Introduction to Digital Assets and Challenges
00:02:37 - Tokenization of Real World Assets and Digital Titles
00:04:04 - Insurance for Digital Assets and Blockchain
00:06:25 - Asset Protection and Wallet Security for Tokenized Property
00:08:16 - Protecting Digital Assets for Your Heirs
00:09:46 - Digital Escrow Services for Crypto Transactions
00:11:52 - Legal Documentation and Transaction Enforcement
00:13:24 - Securing Crypto Access for Family Protection
00:14:17 - Tokenized Real Estate Platform Security Components
00:17:22 - Lawyers and Legal Workflows in Crypto
00:19:16 - Planning Digital Assets to Avoid Probate
The challenge is stark: will inheritance law and technology evolve quickly enough to preserve it?
Click here to read the full article
View all episodes
By James Tylee / Jonny FryHere's something that should keep you up at night: what happens to your cryptocurrency and digital assets when you die?
Reid Winthrop, managing partner at Winthrop Law Group, and David Parsons joined hosts James Tylee and Jonny Fry to tackle this increasingly urgent problem. As property, cryptocurrencies, and personal accounts move onto blockchain, the century-old systems that banks traditionally managed—insurance, escrow, and title transfers—need complete reimagining.
Reid explains how insurance products must evolve to protect against lost private keys and custody failures. (Traditional custodians like BNY Mellon can't help with decentralized wallets.) Without proper planning through attorneys or services like London Digital Escrow, your digital assets can vanish permanently, leaving your family struggling to cover funeral expenses during the four to six months probate takes in the UK.
00:00:00 - Digital Asset Inheritance Crisis
00:00:56 - Introduction to Digital Assets and Challenges
00:02:37 - Tokenization of Real World Assets and Digital Titles
00:04:04 - Insurance for Digital Assets and Blockchain
00:06:25 - Asset Protection and Wallet Security for Tokenized Property
00:08:16 - Protecting Digital Assets for Your Heirs
00:09:46 - Digital Escrow Services for Crypto Transactions
00:11:52 - Legal Documentation and Transaction Enforcement
00:13:24 - Securing Crypto Access for Family Protection
00:14:17 - Tokenized Real Estate Platform Security Components
00:17:22 - Lawyers and Legal Workflows in Crypto
00:19:16 - Planning Digital Assets to Avoid Probate
The challenge is stark: will inheritance law and technology evolve quickly enough to preserve it?
Click here to read the full article