With self-custody and decentralisation being big parts of crypto, it can get complex when passing your assets on. Learn the best ways to ensure your crypto can be transferred if the worst happens 👇
with yourself and your beneficiaries as the wallet holders. With this method, a majority of the parties will need to verify any transactions, even during your lifetime.
Another form of legacy wallets can be created to allow crypto to be transferred to the wallet and placed in a physical safe custody vault during your lifetime. No third-party access can be obtained during your lifetime. On death, the personal representatives would have to provide proof of death and a court order showing their authority to access the deceased’s assets, they could then access the wallet. Such physical safe custody vaults usually offer insurance protection.
It can be done by setting out the will to mirror how private keys pass to the recipient on death or to clarify who should benefit from the underlying assets if this differs from the guardian or nominee.often provide assistance in locating and accessing crypto assets upon the account holder’s death.
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