How does Cryptocurrency impact Estate Planning?
With the increasing investment in Cryptocurrency, people are trying to figure out ways to ensure the security of their funds and Wallets. Stories of losing huge funds stored in Cryptocurrency accounts have made people interested in guarding this asset through an Estate Plan. The difference between Cryptocurrency and other tangible assets in terms of access, […]
Challenges In Estate Planning With Cryptocurrency
Cryptocurrency has seen continuous rises and dips in value since its inception but the human desire to be in total control of financial funds has never let it down in terms of popularity. People now understand that Cryptocurrency is a valuable asset(intangible) and like tangible assets need to be secured for the future. Individuals are […]
How To Delete The Apartment Therapy Account Of A Deceased Person?
When a person dies, their digital assets — such as email accounts, social media profiles, online banking, and financial accounts — can become stranded. It is because most online services have terms of service that prohibit the sharing of passwords or the transfer of ownership of an account to another person. As a result, the […]
Understanding Cryptocurrency and Inheritance
Cryptocurrency is a Digital Asset that is built on Blockchain technology and only has Online existence. Ledger is the term used for the computerized database that handles transaction records backed by Asymmetric Cryptography for security. Used for transactions online, the IRS(Internal Review Service) considers cryptocurrency as a financial asset. In this post you will learn […]
4 New Year Resolutions for 2022
It’s time to make your New Year Resolutions! You know the drill: Exercise more, eat better, and lose weight in some dimension. However, there are other aspects of our everyday lives that could use some improvement: protecting our digital assets, digital legacy, storing important documents and creating an emergency plan. New Year Resolutions are a […]
What Happens To Your NFTs And Crypto Assets After You Die?
Though most people might have at least thought about what happens to their physical assets once they pass away, the same importance is usually not given to their Digital Assets. With how ingrained technology is in our lives, it is time to start thinking about what happens to our Digital Assets when we die or […]
6 Essential Tools For Estate Planning
Creating an Estate Plan for your assets can be a tedious process. Some might not even consider making one. They believe that their assets aren’t valuable enough to be passed on via a will. The significance of Estate Planning is often undermined, and it’s only following the death of an individual that people understand its […]
How To Use Trust To Avoid Probate For Cryptocurrency
Cryptocurrency has emerged as a new medium of exchange that provides security and ease of transaction with no government intermediaries. Considered a Digital Asset, it is easy to pass on your Cryptocurrency accounts and funds to your family following your demise or incapacitation. There are many ways to do this, you can tell your trusted […]
Estate Planning vs. Will: What’s the Difference?
Estate Planning is a procedure of arranging for the management and distribution of assets after the death or incapacitation of the owner. An Estate Plan includes several tools like a Will, a Trust, an Advanced Directive, or Power of Attorney applicable on financial assets like Bank Accounts, Jewelry, Stocks, Life Insurance, Property, Vehicles, and Digital […]
8 Reasons Why You Need A Digital Estate Plan
Technology has increased the quality of life, and daily tasks have become more accessible. Communicating with a person living afar was challenging, but today you can communicate with people within seconds. Technological advancements in the medical field continue to save many people. The best thing about technology and its continuous progress is that ordinary people […]
