– A new service called LifeLegacy now enables individuals to include crypto in their legacy plans.
– This will work via the companys online Last Will and Testament.
– It is the first time that digital assets can be included in a free online Will.
– Austin Cassidy is the co-founder of LifeLegacy.
– Cryptocurrency is rapidly redefining the worlds financial systems and is becoming increasingly more commonplace in our day-to-day lives.
– But the one major issue with the growing popularity of digital assets is that there is no easy process to include it in a financial plan and pass it on.
– About 20% of all Americans own cryptocurrency and this figure will continue to rise.
– With this in mind, weve made it possible to easily leave cryptocurrency held in a hot wallet on Coinbase, Binance, or other exchanges to any beneficiary, including charities.
– Digital asset bequesting is a critical piece of LifeLegacys mission to make social impact accessible and inclusive for all.
– The company is working with Appraisal Bureau.
– LifeLegacy say that as crypto wealth is becoming a bigger part of an individuals estate, the aim is to make it easy to pass on your Bitcoin, Ethereum, or any other crypto asset to a charity or to loved ones.
– Right now, most cryptocurrency exchanges require providing a valid Last Will and Testament before releasing assets to beneficiaries. LifeLegacy is the first to solve this and set to become the market leader for it.
– Says Cassidy, Giving individuals the access and ability to gift their digital assets broadens capacity to leave a lasting legacy.