How To Prepare A Digital Estate Plan For Baby Boomers
In this post, you will learn about: Who are Baby Boomers and what is their importance in the US economy? What Is A Digital Estate Plan And Why Should I Care? How To Start With A Digital Estate Plan? The term Baby Boomers is used for people born from 1946 to 1964 indicating the explosive […]
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 […]
Who Will Inherit Your Digital Assets?
Over the years our lives have transitioned to a Digital First lifestyle. As a result, many institutions are part of our digital life. For instance, online banking, social media account, and online shopping are part of our digital first life. These assets are intangible and are collectively known as Digital Assets. Today, a considerable part […]
How To Prepare Digital Legacy Plan For Influencers
In the 21st century, and in particular the last decade, globalization has occurred on an exponential scale thanks to the internet. Nowadays, you can find answers to almost any question you have. For entertainment as well as knowledge, the World Wide Web is the place to go. As the internet has grown, so has the […]
Which Documents Are Advance Directives?
Imagine you’re hospitalized and in a critical condition. Your family members are agonizing over what medical procedure to go through with. You are not even able to give an input into what treatment option you prefer. How can you prepare for such a case and ease this heavy burden from your family members by making […]
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 […]
