What are digital assets exactly? Before talking about what happens to digital assets after a person passes away, let’s clarify what we mean by digital assets. We don’t mean accounts on social platforms or email providers. The reason is that in recent years these...
And we thought that big global banks provided financial security … A very interesting case revealed by Bloomberg demonstrates that even big global banks tend to “forget” to transfer the money they manage into the estates of deceased clients. The case is about...
Estate planning and Wills have been used for years to protect people’s assets and ensure they’ll be inherited by the designated heirs. With the advent of digital estate planning services and online wills, we would expect this protection to be even greater, especially...
Many of us take out life insurance, wishing to protect our loved ones if we die. It’s not uncommon for people to have even multiple life insurances. While this might sound strange at first glance, the case for this is quite straightforward. You take out your first...
Angel investments on the rise With the low and often even negative interest rates on bank deposits, and the modest returns on mutual funds, especially when we take into consideration inflation rates and fund and brokerage fees, it’s not surprising that many people are...
Cryptocurrency - the silver bullet When cryptocurrency came into this world in 2008/2009 - with the whitepaper on the first cryptocurrency, Bitcoin, written by a person under the pseudonym Satoshi Nakamoto, it made a very serious claim; that it was the answer to...
Digital assets and their inheritance by the rightful beneficiaries are becoming an increasingly hot topic. More and more often, we hear people close to us sharing shocking stories about how their loved one passed away suddenly in their prime and the family was not...
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, money made of metal or paper, paintings and other valuables, books and...
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 digital assets are. Simply put, every possession that’s not physical (i.e., not your car, house,...
The case for password managers Since the introduction of PCs, people have been concerned about cybersecurity. In the early days of the computer industry, cybersecurity was associated primarily with protecting your PC. That was normal back then. The cloud and the...
