Digital Asset Adoption in Inheritance Planning: Evidence from Thailand

Abstract

This study investigates key factors influencing individuals’ intentions to incorporate digital assets into inheritance planning in Thailand. The research focuses on three primary determinants: demographic characteristics, knowledge of digital assets, and the perceived risks associated with their usage and transfer. Utilizing a quantitative research design, data were collected from 630 Thai respondents via a structured online questionnaire through convenience sampling. Binary logistic regression analysis was applied to identify statistically significant predictors. The results indicate that digital-asset knowledge, gender, age, income, saving behavior, and risk perception collectively account for a substantial variance in individuals’ intentions to use digital assets as part of their inheritance planning. Notably, knowledge and income positively influence adoption, suggesting that financial education and broader economic development may encourage increased usage. Conversely, factors such as age, gender, and perception of risks pose significant barriers, underscoring the need for targeted strategies to foster inclusivity. As digital assets transition from speculative tools to recognized financial instruments, their role in inheritance planning becomes increasingly relevant. This study contributes to a deeper understanding of this evolving financial landscape in the Thai context and offers insights applicable to other emerging markets undergoing similar digital transformations.