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.
At a minimum, every estate plan should contain a durable power of attorney and a will. Trusts may also help avoid probate and manage your estate during your lifetime and after.
Manually calculating your net worth involves listing your assets and liabilities periodically and manually; the alternative is connecting your investment and liability accounts to a dashboard and calculating your net worth in real-time.
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?
Will and testaments are legal documents that outline your wishes for how you and your assets should be handled or distributed in the case of your passing. It is sometimes referred to as Last Will.
Estate planning is having a say in the distribution of your wealth. So think about it as a contingency plan not only for your demise but also for instances where you probably can’t make decisions for yourself.
Personal Capital and Cova are two asset tracking services, and depending on your current need, this blog explores the difference between them and which one serves your needs better.
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.