Trusts are separate legal entities set up by people to manage their assets. Trusts are set up during the owner's lifetime to ensure that assets are used or shared in ways the owners deem fit.
It is important to ensure your loved ones know that you have a cryptocurrency and that they are equipped with all the information needed to access it after you pass away or in the event of an eventuality.
How do your crypto-assets safe? How do you include your crypto assets in your estate and inheritance plan to ensure that they are safe and discovered by the people who matter most to you?
Crypto estate planning means putting processes in place to ensure your dependents and loved ones have access to your digital assets in the event of death and any other eventuality where you are incapable of telling them how to access the assets.
Your net worth is the single most important financial metric you should track. While your earnings, investments, and other metrics are great, your net worth gives a better and more precise picture of your financial health.
Imagine having an emergency like losing your job and needing cash. Your investable assets can be easily converted to cash to meet these needs. In addition, your investable assets can be quickly reinvested in other assets without having to wait or months to find a willing buyer.
DeFi aims to eliminate the need for intermediaries in financial transactions using technology. Among the components of DeFi are stable coins and use cases, as well as a software stack that enables application development. DeFi's infrastructure and use cases are still being developed.
When life happens, what do you wish happened to your financial data? Keep all data about your finances safe, secure, and private with Cova, designate a beneficiary to receive your financial records when the time comes.