Estate Planning Should Include What Happens to Digital Assets and Cryptocurrency

Estate Planning Should Include What Happens to Digital Assets and Cryptocurrency

This article explains how the assets people own have become more complicated, making it a little more difficult to include everything in your will. Only about 46% of Americans have made provisions for how their money and estate should be handled, according to a 2021 Gallup poll. Abby Schneiderman, co-founder and co-CEO of Everplans, which helps people create accounts to store their wills, passwords, and funeral wishes, suggests taking an inventory check of your digital assets and making sure that the assets are accessible at all times by sharing the passwords of your phone and computers with someone else. She also suggests making a plan for pets as well as plans for sentimental items. Providing access to online financial assets to someone you trust is especially important for cryptocurrencies, because if you are gone and nobody else knows how to access it, then it will be gone forever.

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