Private Wealth 2025

INTRODUCTION  Contributed by: Basil Zirinis and Elizabeth Kubanik, Sullivan & Cromwell LLP

New challenges that are emerging include adapting current laws and structures to evolving methods of reproduction due to scientific and medical advance - ments. These range from the increasing use of surro - gacy arrangements to the posthumous conception of children from frozen embryos after one or both of their biological parents have died. Laws to address ques - tions of inheritance rights and the definition of such terms as “issue” and “legitimate” in these contexts either do not exist or conflict among jurisdictions.

Digital assets, including virtual currencies such as Bit - coin, continue to evolve, requiring national legal sys - tems to adapt and address new issues as they arise. The development of law around these new challenges, especially after several particularly volatile years in crypto, will be of increasing importance.

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