You bet it is. In fact, the Australian government recently announced that pension applicants must declare their cyber currency such as Bitcoin. “By including Bitcoin and other digital currencies on one of its standard forms”, the Australian government is recognizing that these are definitely a form of wealth. Many countries are still wrestling with where digital currency fits but Australia has accepted it as part of mainstream finance. If you have cybercash, make sure you are considering it in your estate planning and are not letting it get lost in the confusion about what to do with digital assets. It’s real money and you should treat it as such.
For more information about estate planning, go to www.diesmart.com.
