Death and NFTs

What happens to your NFTs when you die? It is a miserable question but an important one, as we all share the same fate; death. From basic estate planning for your NFTs to ensure devices holding Wallets can be identified and accessed with the right private keys, to more complex matters around Inheritance Tax, domicile, payment of royalties and managing other income streams from NFTs after death. These are all matters which need to be given due consideration to avoid a 'needle in a haystack' type search for NFTs after death which, on a worst case scenario basis, could be lost forever. Considering these issues during lifetime can not only make passing NFTs to loved ones easier after death, but also gives an opportunity to consider Inheritance Tax planning opportunities.