Crypto Wills, Inheritance and Estate Planning
The Companies Listed Below Help You With Your Digital Estate Inheritance
The Companies Listed Below Help You With Your Digital Estate Inheritance
Cryptocurrency can be worth a lot of money nowadays and you will need help with your crypto inheritance.
You can include anything you want and are advised to include by your lawyer or the crypto will platform.
What is usually included in crypto and digital wills?
Here are some examples:
Bitcoin
Altcoin cryptocurrencies
NFT’s
Crypto staking information
Ongoing and active IDO’s and ICO’s
Crypto angel or seed investments
Crypto lending platforms
Bitcoin and crypto mining
Domain names you may own
Crypto exchanges
Crypto wallets
Other crypto investments
Here are some non-crypto digital examples:
Email accounts
Online bank accounts
Social media accounts
Online subscriptions
Online chatrooms
e-Commerce platforms like Amazon
Media platforms like Netflix
Photos and documents stored in your cloud
Mobile phone and computer passwords
Apps
Gaming accounts
Utilities paid online
Loyalty programs
And more
Important information you need to know
For now, we need to look at ensuring that your loved ones understand what this asset is and how to access your digital wallets. We also need to ensure that your chosen beneficiaries understand how to sell this digital currency directly into their bank account.
Some investors have one bitcoin wallet and this makes it very simple, however many investors have diversified into alt coins and have multiple digital wallets.
More complicated cryptocurrency investments
Lending platforms
Cryptocurrencies can be lent out for a daily, weekly and monthly return on cryptocurrency lending platforms.
Angel investments
Hire a specialist to look over the lending terms. The minimum and the maximum amount available to lend, the lending rate, penalties, additional fees, maturity, and the small print.
Bitcoin mining
Mining can be done using an actual mining rig and GPU, or cloud mining on a website.
Start-up investments
There are ICO’s and STO’s (very similar to IPO’s) investments where money has been invested in start-up blockchain and cryptocurrency companies.
Cryptocurrency and bitcoin domain names
Some investors have made a great deal of money buying domain names in the blockchain and cryptocurrency sector. For example www.cryptonews.com sold for $50,000 and some crypto domains sold for over a million dollars.
Blockchain and cryptocurrency options
There are websites that allow option trading (similar to stocks) on the price direction of bitcoin and some select altcoins.
Cryptocurrency staking
There are some alt coins that can be staked. Staking involves holding a certain coin/token in a designated digital wallet to support the security and operations of a blockchain network. Staking is simply an arrangement to lock in a number of your cryptocurrency to receive a reward. Rewards are usually paid out on a regular basis as a percentage of an investors holdings. Think compound interest. Each staking coin has a separate wallet.