Succession and inheritance: How to recover cryptocurrencies from a deceased person?

With the rise of digital technology, our habits are changing. Many activities are now managed via apps, and the average adult holds between 150 and 300 digital accounts throughout his or her life!

But that's not all.

With the advent of digital technology comes a host of innovations, including blockchain technology, cryptocurrencies (like Bitcoin, for example) and many others.

As a result, heritage assets can now take on a digital form. Digital assets will be part of the estate of the future. 

However, it is essential to anticipate certain questions to better understand their transmission. Indeed, the management of these assets often involves holding them on exchange platforms or in digital wallets.

This "preservation" method has a number of drawbacks, particularly when it comes to managing passwords and double authentication to access the deceased's accounts, or the seed phrase to access digital wallets.

However, not sharing this information blocks access permanently.

In the event of an accident or death, what happens if the deceased left no information? How should the transmission or succession be managed in this context? The answers depend on the circumstances, and each case is unique.

What is certain is that the absence of information transmitted to heirs requires time for in-depth research, with no guarantee of finding the assets.

To help notaries in this situation, SOLAL TECH has launched its RECOVERY SERVICE.

Solal Tech : Service Recovery

Here are the main stages of support:

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- We work closely with the notary, to trace any investments made by the deceased. These digital assets may remain inaccessible if the deceased has not entrusted his IDs and/or access to his next of kin. 

- Faced with this situation, the notary calls on Solal Tech to define the steps to be taken.

- Following in-depth investigations, we are in a position to analyze possible missions and the chances of success in recovering funds.

During the course of our mission, in the event of confirmation of funds, Solal Tech communicates to the notary's office and the client the details of the transfer process aimed at recovering the deceased's assets.

‍Ifyou'd like to find out more, or receive support, please contact us at contact@solaltech.fr. We'll be delighted to answer all your questions.

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In a few words, Solal Tech is a complete and secure Saas software that enables:

>Users to transmit, secure and bequeath their digital assets (cryptocurrencies, social networks, e-mail accounts, youtube, etc.).

> Notaries to provide their customers with informed legal support to ensure that the transfer of digital assets is simple, secure and regulated.

Since its creation, the company has developed a certain expertise in the field of digital heritage and its transmission. It has also established a number of partnerships.

These include its recent attachment to the "incubator" of the Fédération des Tiers de Confiance Numérique (FNTC), offering solid support in the field of digital trust.

In addition, the company is a member of the Association pour le Développement des Actifs Numériques (ADAN), the largest group of Web 3 industry players in Europe, with almost 200 members.