A Law Commission report has recently been published regarding digital assets and crypto assets recommending that a third legal category is created for these assets to fall into

A Law Commission report has recently been published regarding digital assets and crypto assets recommending that a third legal category is created for these assets to fall into, writes Hannah Wallbridge, of Gardner Leaders’ Wills, Probate and Estate Planning team. To understand the need for this third category, it is important to know the current position. At present, there are only two legal forms of property: Real property, such as a house or a flat. Personal property, such as a right to income or a physical asset such as a painting. The Law Commission concluded that specific legislation is …

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