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.
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.
One of the biggest mistakes by millennial investors is leaving assets untracked. To protect your digital assets like NFTs and ensure that your loved ones get access to them when you are no longer around, you must add your NFTs to your investment portfolio.
Traditional estate planning involves many documents and legal and financial experts. However, the new age estate planning should be simpler and more secure.
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.
Apart from organizing cryptos in one place, crypto asset management also helps connect your wallets and cryptocurrencies into a single dashboard, get their balances in real-time, and easily track their growth.