Many of us struggle to ensure transparency for our digital and financial assets, even with our closest family members. But when we add to the picture the assets that our family members possess, be it parents or our partner, the task of keeping track of them becomes really complicated.
Often family assets are shared between family members. Sometimes, though, children, for example, don’t have good visibility of the assets possessed by their parents, so they are not aware of the assets they will potentially inherit one day, not to mention how to locate and access the digital assets or those with digital access.
When we add to the picture the fact that many extended family members these days live in different parts of the world, and their assets are frequently changing, it’s not difficult to understand why there are so many unclaimed and abandoned assets that remain in banks, financial institutions, and insurance companies.
To further help our members to protect against that problem, we’ll soon be introducing the DGLegacy® Family Account. It will become part of our Platinum tier, so all Platinum members will start benefiting from it automatically!
Through the DGLegacy® Family Account, each of our Platinum members will be able to set up a Family Account and add family members to it, specifying access rights — for example viewer only or editor of the shared family catalog.
Upon being added, each member of the family account will be able to collaborate with the rest of the family in cataloging and keeping the family asset catalog up to date.
Each member of the family account will be able to collaborate with the rest of the family in keeping the family asset catalog up to date.
For example, parents can add their minor children with read access so that the children are aware of the family assets as they grow up.
Also, partners can collaborate on keeping track of their family assets.
And grown-up children can invite and add their parents with editor rights, so that the parents can also provide transparency about the family assets.
Grown-up children can invite parents to the family account to provide transparency about the family-owned assets.
The reasons for keeping an up-to-date catalog of family assets are many, but in all cases, the DGLegacy® Family Account can help the family members ensure that should a fatal event occur, their assets will stay in the possession of the family members, instead of being abandoned in banks, financial platforms or insurance companies.