Can I bequeath my Cakewalk account to a legatee?

I can give all my logins and passwords to someone else but can I change the actual personal identity (name and address) associated with my current Cakewalk account to ensure that that account then becomes theirs?

The only thing of value in most Cakewalk accounts is access to licensed products. The licenses are granted to the owner of the product and are not transferable. Presumably that means that the license can not be conveyed to anyone else by sale, gift or bequest. Any services or benefits associated with the "ownership" of the products would likely be limited to the original licensee. So what would be the point of transferring the account, even if it could be done under the terms of service?

so, I can't Will the use of this software to my kids ?
 
and if not, then, will carry my muse ? 

ok thank you for taking the time - not that I am planning on going anywhere, but I didnt want to face that question unanswered as my last conscious thought

As said the licences are none transferable, but all your files are yours and certainly can be distributed to anyone. 
And of course if you leave them your DAW computer and the password to fire it up they can certainly carry on from where you left off and finish your works in progress. 
There is nothing illegal that I see about sharing the software on the computer. It's not like I have to tell clients.. "Stay away from the DAW! If you touch that keyboard I'll go to jail!" 
They would just not be able to access your account and updates. They would need a new licence for that. 

It should be noted that certain countries have outlawed the practice of non-transferable software licenses (or so I have read). I am unsure if Belgium (where the OP has listed as their location) is one of those countries. It is my understanding that Cakewalk, for obvious reasons, lifts the no transfer policy where applicable by law.
 
So essentially if your local laws prohibit such "one owner per license" EULA restrictions then yes, you can do as you please without risk of legal consequences.
 
In the case of leaving your studio and software licenses to your kids after you shuffle off from this mortal coil I don't think the Bakers are litigious/vindictive enough to launch such callous attacks. Perhaps their new parent company might go down that route but I doubt that as well.
 
Now if you were SELLING it (in an area without legal protections from EULA restrictions)... then that gets into skeevy territory and could (and deservedly so) incur legal ramifications.
 
However you could perhaps set the license up under a "business" as an asset. So the person does not own the license... the studio does. Then with a purchase or transfer of the business and all it's assets to a new owner it might be legally acceptable.
 
However I am not a law talking guy.
 
Contact customer support directly or your attorney if you need specific details on the legality of such things.
 
PS: I would also imagine that Cakewalk would prefer to have continued customer as opposed to no customer at all. These types of terms are usually implemented to deter flagrant abuse such as software "tourists" who purchase, install then sell programs at a whim abusively or to avoid legal action themselves due to distribution agreements with retailers (and of course to avoid cutting into their own bottom line).
 
Not encouraging this behavior though. Of course it's best to just buy them their own licenses... preferably while you are still alive so you can pass on the most valuable commodity of all. Knowledge or how it all works and just spending some quality time with the recipient.