The ever-increasing number of digital assets that people possess nowadays raises the valid question of how to bequeath these assets, which range from accounts in mobile banking services, online trading and investing…
Before answering the question, let’s remind ourselves that life insurance payouts are generally not considered as taxable income, as reviewed in detail in the article “Do beneficiaries pay taxes on life insurance…
It’s in our very nature as humans to overthink certain aspects of our lives to the point of hurting ourselves or ending up in a worse position. Whether it’s not speaking up…
Most of us hate paying taxes. But you probably would not expect to continue to provide large amounts of money from your estate to the government for many years after your death. Unfortunately,…
Life insurance Life insurance policies serve a very specific purpose. When one or more people are financially dependent on another person, if that person passes away, their loved ones are left to…
Digital inheritance is becoming increasingly important in the modern world as more and more of our important data and documents are held in digital format. From social media accounts to cryptocurrency wallets,…
What is crypto Cryptocurrencies have been around for more than a decade now and it’s clear they’re here to stay. Without getting into too much detail on the history of cryptocurrency and…
The case for password managers We are witnessing society’s ever-increasing online presence these days. There are digital and financial assets, social networks and online accounts, digital wallets, mobile banking and insurance apps,…
This is not the first time we have spoken about the similarities and differences between physical and digital assets. Before the age of the Internet, people owned only physical assets: real estate,…
Digital assets vs normal assets Before we get into the types of digital assets and what you can and cannot do with them through your will, let’s make sure we know what…
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