Digital wallets: to store and organize your digital assets. People these days have an ever-increasing number of digital assets – company stocks, investment portfolios, accounts on online trading platforms, company shares, stock options, and crypto. Even old-school,...
Password managers have become very popular among people who want to have a single view of the passwords for their various online accounts and digital assets. The ability to view and use one’s passwords on any device and with any operating system has made a strong...
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 payouts?” There are a few exceptions discussed in the...
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, that’s the grim reality for most of us. While that might sound...
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 deal with several very difficult and very different things. They...
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, digital inheritance can help ensure that your digital...
Estate Planning can protect your assets... or can it, really? Many people consider taking the costly and time-consuming step of estate planning in an attempt to protect their assets and ensure their legacy is properly managed. Estate planning is usually done by...
What does intestate mean? ‘Intestate’ describes a person who passes away without having created a will. Wills are how we manifest our explicit wishes with regard to our assets - essentially, how we want our estate to be inherited after we pass away. Not having a will...
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...
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...
