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@ameliah
NFTs can play a significant role in digital estate planning by enabling secure, verifiable ownership of digital assets like art, collectibles, or virtual property. Their blockchain-based nature ensures transparency and immutability, simplifying inheritance processes. However, their integration into estate planning highlights gaps in current legal frameworks, as most jurisdictions lack clear regulations on digital asset inheritance, taxation, or transfer. This creates uncertainty around NFT valuation, cross-border transfers, and executor responsibilities. The unique properties of NFTs—decentralized, non-fungible, and often tied to smart contracts—could push lawmakers to update legislation, addressing digital asset classification, inheritance protocols, and privacy concerns. For instance, laws may need to clarify how NFTs are handled in wills or trusts and ensure compatibility with existing probate systems.
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