Digital Legacy Management

What is Digital Legacy Management?

Digital legacy management systems enable people to easily manage, track and protect their digital and financial assets.

They also enable asset owners to provide transparency about their assets to their loved ones, should anything happen to them.

Digital legacy management services achieve that through several steps.

First, they enable people to prepare, track and easily update their asset catalog.
Second, they enable people to set up their digital inheritance plan, in which they can designate their loved ones as beneficiaries to each of their assets.
And last, but probably most importantly, some of the digital legacy management systems have automatic detection of a fatal event happening to the owner and proactively inform the designated beneficiaries about the assets assigned to them. There’s no need for the family members to remember shared links for decades.

This gives great peace of mind to the asset owner, knowing that their loved ones will be aware of their assets, know how to identify and locate them, and receive help in the process of claiming.

Is it only for Digital Assets?

Some people use digital legacy management for their digital accounts, such as social platforms and email accounts.

But using it only for your online accounts is like using a nuke to kill a mosquito. Digital legacy management systems can protect much more than your online accounts. They can protect all your digital and financial assets, such as:

Bank accounts
Credit cards
Insurance policies
Company stocks in various online trading platforms or digital trading brokers
Retirement plans
Various overseas assets
Crypto currencies – Bitcount, Etherium, etc.
NFTs
Stock options provided to employees by tech companies and startups – RSUs (Restricted Stock Units) and ESOPs (Employee Stock Options Plan)

Digital legacy management systems enable you to protect any asset – physical, digital, or financial.

Benefits of Digital Legacy Management Services

Digital legacy management services provide many great benefits. Let’s view them.

Detection of a fatal event and proactive notification of your loved ones about the designated assets

While not all digital legacy management services offer this capability, it provides amazing value not only to you but also to your loved ones.

It ensures that if something happens to you, they will be proactively notified about the designated assets. They’ll be aware of the assets and will know where to identify them and how to claim them.

Single pane of glass for your asset catalog

People have multiple and diverse assets, which are often complex for your loved ones to understand. To make things even more complicated, they are often stored in various repositories and online systems – trading accounts, digital wallets, stock management platforms, online vaults, etc.

Digital legacy management systems enable you and your loved ones to have a single pane of glass for your assets. That greatly eases the process of managing and tracking your asset catalog!

Easy update of your asset catalog

We’ve already discussed how people these days often have multiple and diverse assets, which are often stored in diverse systems and repositories.

All this creates not only little to no transparency for your loved ones about your assets, should anything happen to you, but also a problem for you. It is super difficult for you to keep that complex and dispersed asset catalog up to date.

You spend time diligently preparing a catalog of your assets on an Excel sheet. One month later, you decide to buy crypto. Some time after that, you buy a new insurance policy. Soon after, you get new stock options, buy new company stocks, decide to invest in a new tech startup against a share, convertible notes or SAFE. You soon realize that maintaining your asset catalog is not an easy task!

Digital legacy management systems enable you to easily update your asset catalog and keep it up to date.

Problems that Digital Legacy Management Solves

The main problem that digital legacy management services solve is the multi-billion global problem of abandoned and unclaimed assets – people’s money that stays in banks, insurance companies, online trading platforms, digital wallets and online vaults instead of reaching the rightful owners when the asset owners pass away.

The root cause of this problem is the lack of transparency for the family members about the assets, due to the assets being multiple and diverse, complex, in different systems and repositories, and often in different countries.

Digital legacy management services solve that problem and ensure that your loved ones will be aware of the assets which you designate to them, will know how to identify and claim them, and will receive support in the process of claiming.

DGLegacy helps to protect your digital legacy

How does DGLegacy help you to protect your digital legacy?

With DGLegacy, you can easily catalog your digital assets, which enables you to protect not only them but also your loved ones should an unforeseen event happen to you.

You are able to catalog your digital, financial, and non-financial assets, designate your preferred beneficiary to them, and have them notified at the time you choose – while ensuring that your executor will know where to find your important inheritance documents.

With DGLegacy, you can protect your digital legacy. Your secure document and password manager with digital inheritance also makes it easy for you to keep your list of digital assets and beneficiaries up to date.

This way, in the event of anything unforeseen happening to you, your loved ones:

Are aware of your digital legacy
Can identify and locate all your assets
Can minimize the chance of unclaimed assets.

This is achieved with the following easy steps:

Catalog assets and passwords

Designate beneficiaries and trustees

Detecting if something happens to you

Informing your loved ones about the assigned assets and passwords

Support for your loved ones

Catalog assets and passwords

You catalog the assets and passwords that you want to protect via DGLegacy, with the minimum basic information about the assets that will allow your beneficiaries to identify and locate them.

We don’t ask for confidential information such as your bank account number, the value of your stock options, or financial account numbers!

Next step

Designate beneficiaries and trustees

Beneficiaries are the people whom you appoint to be informed about the assets and passwords that you assign to them. These are usually your partner, your children or your extended family members, such as siblings and parents.

You can choose whether the beneficiaries are to be notified at the time you create the asset or only in the case of an unforeseen event.

If your beneficiaries are, for example, elderly people or children, they might not be proficient with the type of assets assigned to them. In that case, we recommend that you assign trustees for each of your assets. If something happens to you, they can help the beneficiaries to locate their assigned assets and claim ownership.

Next step

Heartbeat protocol

The custom-engineered Heartbeat protocol of DGLegacy verifies that you are OK and detects whether anything unforeseen has happened to you.

It is a safe procedure which also aims to eliminate the possibility of false detections of unforeseen events at any cost.

This is implemented through a multistep process, described on the How It Works page.

Next step

Heartbeat protocol triggering (unforeseen event detection)

If there is no confirmation in response to any of the reminder emails or phone calls, part of the Heartbeat protocol, the system detects that an unforeseen event has happened to you.

Then the notifications which you have configured into the system about the catalogued assets and the associated beneficiaries and trustees are triggered.

Next step

Support for your loved ones

Our ultimate goal is to provide you with the right service to protect your assets and secure your loved ones’ inheritance.

Our team of experts worked with a renowned law firm to offer additional protection for your loved ones through the legal package “Guide and Inform”, part of the Platinum subscription.

In the case of an unforeseen event, the law company will engage with the beneficiaries to guide and help them in the process of claiming the assets you’ve assigned to them.

DGLegacy is great for protecting my assets and my family. So far I was storing my assets’ information on a google sheet shared with my wife, but I always worried that my assets will be lost if …

Victor

Strategic Alliances Manager - dmarcian

This is a service that could make you sleep well in a time of crisis. Knowing your family is sorted out and you have every valuable under control is priceless.

Vlad

Senior Engineering Manager - VMware

Atlanta, Georgia, United States.

Finally a peace of mind. I always wanted a tool where I could see a snapshot of my assets, track them, and decide what to share, with whom and when.
Because my assets were stored in different systems …

Ingrid Henke

Founder - ARRIVA relocation services

Berlin, Germany.

Knowing that DGLegacy exists is such a relief! Up till now, I’ve put my head in the sand when it came to thinking about my assets because it was so stressful with no real solution in sight. I ca…

Alara Vural

Founder - Alara Vural Coaching

London, UK.

I have been using a secure vault and password manager for years but I always worried that my family won’t be aware of most of this information if they need it. I really like that DGLegacy combines p…

Agnieszka Michalik

Software Architect - HERE Technologies

Berlin, Germany

DGLegacy enables me to easily track and organize all my passwords and assets.
The most important thing is that the digital inheritance capability of the service ensures that loved ones will be informe…

Stella Schmitz

International HR Executive