4 Steps To Include Cryptocurrency In Estate Plan
Private keys, PINs, passphrases, are all Access Details which are the mere requirements for exercising complete control on Cryptocurrency Wallets and Exchange accounts. The privacy of these details is crucial but sharing them becomes a necessity after the demise or incapacitation of the account holder for the financial benefit of the family members. Disclosing the […]
3 Points To Remember While Creating Estate Plan For Crypto Assets
Cryptocurrency is getting popular among all generations of people but when it comes to securing and planning for Crypto Wallets and Exchange accounts, most people find themselves perplexed by the process to start with an Estate Plan for Crypto Assets. With a market value of $3 trillion in 2021 which is estimated to increase to […]
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, […]
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 […]
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 […]
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 […]
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 […]
What is a Digital Executor?
What is Digital Executor? Simply put, a Digital Executor or a Digital Will Executor is the person who will distribute, preserve and manage your digital assets and property after your demise. In today’s day and age, everyone has a digital footprint. Everything, starting from your bank account, emails to pictures of your family and pets, […]
How To Talk to Your Loved Ones about Digital Estate Planning
Most people like to avoid talking about uncomfortable things. Even more so when it involves our loved ones. No one looks forward to talking about death or money matters, especially amongst family. But it is something that must be done. Not just deciding what happens to an estate, but also who’s responsible for distributing it. […]
What is a Gift Letter?
If you are gearing up to give or receive a substantial financial gift, you should be aware of the importance of gift letters. Here are all the vital details you need to know about it. A gift letter is a formal, legal document that is a valid legal device to explain why you received a […]
