Crypto Asset Planning
Crypto Estate Services - The Dead Don’t Spend Bitcoin: How to Set Up a Crypto Inheritance Plan (Before It’s Too Late)
It is essential to secure your BTC, altcoins, and NFTs with a crypto inheritance plan that safeguards keys and simplifies wealth transfer for heirs.
Key Takeaways
- A crypto inheritance plan is vital because losing private keys or seed phrases can permanently make assets like Bitcoin, Ether, and NFTs unrecoverable.
- A strong inheritance plan includes asset inventories, secure access instructions, and a trusted executor, ensuring heirs can safely and legally access holdings.
- Privacy must be protected using encrypted files, sealed documents, or decentralized identity tools rather than exposing sensitive details in public wills.
- Balancing custodial and non-custodial solutions helps secure assets while simplifying transfers, avoiding mistakes like storing everything on exchanges or sharing keys insecurely.
If you hold digital currencies like Bitcoin and Ether, it is essential that you create a clear and well-thought-out inheritance plan to prevent your crypto from going down the drain once you are not around. Unlike traditional bank accounts, cryptocurrencies are controlled entirely by private keys and seed phrases (regardless of whether they’re stored in hot or cold wallets), and losing these keys means the assets become permanently unrecoverable. Each year, cryptocurrency worth millions of dollars is lost due to forgotten passwords, misplaced wallets, or heirs unsure how to proceed with crypto assets.
Traditional wills often fail to adequately address digital assets, resulting in possible legal complications or permanent loss. A carefully designed crypto inheritance plan addresses these challenges, ensuring your assets remain secure and accessible to your beneficiaries as you intend.
At Strategic Asset Protection we assist you to have a crypto inheritance plan, components of such a plan, ways to protect privacy while planning, crypto death protocols, and a lot more.
How to Preserve Your Crypto Assets for Future Generations
Hard work and dedication has meant that you have built up new digital assets to benefit you and your family and naturally, you would want to ensure that your loved ones are provided for, in the event of your death. So what if you want to make sure you make the assets available then a safe custodian with super high grade encryption is a must and documented planning that not only protects the asset whilst your alive but allows for the smooth transfer when youv'e gone.
As the asset is a technology asset it should only be right that technology safeguards the asset. Why would you put your seed keys in a safe or on paper. Storing them safely using an NFT with a properly drafted will and trust deed may be the order of the day.
