Though the term ‘digital legacy’ is fairly new, it has a short and concise definition. Your digital legacy consists of all the various types of digital assets you’ve accumulated over your lifetime. These might include: Digital financial assets: payment tokens, utility...
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...
Cyber security breaches in companies which manage your financial assets are not rare these days. Such a breach can put your financial and digital assets at a great risk. A new report by Check Point Research (CPR) warns that using AI technologies such as ChatGPT can...
Estate planning is an established process for wealthy individuals to protect their financial assets. Its mass adoption was always hindered by its high cost, associated with expensive attorneys and law firms involved in the creation and update of the estate planning...
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...
What are unclaimed assets? When a legal event occurs that mandates that assets are passed on to another person or entity, but that transfer of ownership does not take place, those assets are known as ‘unclaimed assets’. They are different from ‘abandoned assets,’...
