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What are crypto risks for Estate Lawyers?

 

The wealth landscape in Australia is evolving fast. With over six million Australians holding cryptocurrencies and other digital assets, these investments are no longer fringe — they are becoming a significant part of modern estates.

For legal professionals, this creates a new asset class to manage: one that’s intangible, often distributed globally, and controlled by cryptographic keys rather than traditional paperwork. Standard estate planning approaches aren’t enough. Ignoring this shift can expose clients to unnecessary risk, and advisers to heightened liability.

 

The Challenge: Risks Facing Estates and Legal Practitioners

Digital assets come with unique complexities for estate administration:

  • Irretrievable Asset Loss: Losing access to cryptographic keys can mean permanent loss of client wealth.

  • Security Gaps & Custodial Risk: Storing digital assets without regulated custody increases exposure to hacks and theft.

  • Regulatory Ambiguity: Evolving rules make compliance and reporting more complex.

  • Elevated Professional Liability: Failing to plan for digital assets can create legal and fiduciary risks for advisers.

 

Wealth99: Institutional-Grade Security for the Digital Era

As digital assets enter the mainstream, legal professionals need tools built for this complexity. Wealth99 is Australia’s only platform providing institutional-grade protection tailored for estate planning, combining regulated custody, robust security, and transparent reporting.

Key benefits include:

  • Regulated Custody: Institutional-grade protection with Standard Chartered / NAB-owned Zodia Custody.

  • Anti-Hack Measures: Industry-leading security to safeguard client holdings.

  • Wealth99 FinPro Access: Insights and resources for managing digital wealth.

  • Streamlined Probate & Asset Access: Simplified access and reporting for estates.

  • Integration with Legal Structures: Aligns with trusts, wills, and estate planning strategies.

A Wealth99 Specialist can guide you on why these features matter, help you understand client implications, and provide our report: “Navigating the Digital Frontier: Cryptocurrency in Australian Estate Planning.”