<img src="https://vault12.com/media-library/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJpbWFnZSI6Imh0dHBzOi8vYXNzZXRzLnJibC5tcy8yODE4MTMwMC9vcmlnaW4uanBnIiwiZXhwaXJlc19hdCI6MTc3NTQ3MDk5Nn0.oWgzTdRUJKTXdrSLrvdUaKX7CAV5kR7I6PFgF2_6Wj8/image.jpg?width=980" /><br><div><div class="rebellt-item col1" id="rebelltitem1" data-id="1" data-reload-ads="false" data-is-image="False" data-href="https://vault12.com/learn/nft-crypto-inheritance/what-should-you-know-about-digital-asset-inheritance" data-basename="what-should-you-know-about-digital-asset-inheritance" data-post-id="2655939008" data-published-at="1638908994" data-use-pagination="False"><h2 data-role="headline">
Important Aspects of Digital Asset Inheritance
</h2><blockquote>As we navigate the complexities of digital asset inheritance, classic estate planning methods reveal their shortcomings in dealing with modern challenges.<p>Key risks include:<br/>(1) neglecting to compile and update a comprehensive inventory of digital assets, leading to potential losses; and</p><p>(2) placing trust in unreliable third parties to handle account access. The wrong choice could mean assets being lost, misdirected, or accessed prematurely.</p><p>Current digital asset inheritance solutions must innovate methods for tracking asset inventories, securing Web3 assets with robust privacy and security measures, and incorporating trusted Guardians in the process. Vault12 is excited to present the Guard app as a solution to these problems. </p></blockquote><p>. <br/></p></div><div class="rebellt-item col1" id="rebelltitem13" data-id="13" data-reload-ads="false" data-is-image="False" data-href="https://vault12.com/learn/nft-crypto-inheritance/introducing-digital-inheritance" data-basename="introducing-digital-inheritance" data-post-id="2655939008" data-published-at="1638908994" data-use-pagination="False"><h2 data-role="headline">
An Introduction to Digital Inheritance
</h2><p>Check out the video below for a concise overview of Digital Inheritance.</p><span style="display:block;position:relative;padding-top:56.25%;" class="rm-shortcode" data-rm-shortcode-id="168e19fdb53002ef3c65826db1901427"></span></div><div class="rebellt-item col1 rebellt-question" id="rebelltitem14" data-id="14" data-reload-ads="false" data-is-image="False" data-href="https://vault12.com/learn/nft-crypto-inheritance/what-is-needed-for-traditional-and-digital-inheritance-at-a-high-level" data-basename="what-is-needed-for-traditional-and-digital-inheritance-at-a-high-level" data-post-id="2655939008" data-published-at="1721284455" data-use-pagination="False"><h2 data-role="headline">
Essential Components of Traditional and Digital Inheritance
</h2><p>Whether addressing inheritance of physical assets or digital holdings, several fundamental planning steps should be considered. The implementation for each will differ based on asset type, each carrying distinct risks.<br/></p><p>1. Identify beneficiaries.</p><p>2. Draft a legally binding will. </p><p>3. Provide - <strong>and</strong> <strong>update</strong> - clear instructions on asset transitions. </p><p>4. Establish secure storage for your inheritance plans. </p><p><em>Source: Cremation Institute: </em><a href="https://cremationinstitute.com/cryptoasset-inheritance-planning/" target="_blank"><u>https://cremationinstitute.com/cryptoasset-inheritance-planning/</u></a></p></div><div class="rebellt-item col1 rebellt-question" id="rebelltitem20" data-id="20" data-reload-ads="false" data-is-image="False" data-href="https://vault12.com/learn/nft-crypto-inheritance/what-inheritance-risks-are-related-to-beneficiaries" data-basename="what-inheritance-risks-are-related-to-beneficiaries" data-post-id="2655939008" data-published-at="1721322220" data-use-pagination="False"><h2 data-role="headline">
Inheritance Risks Associated with Beneficiaries
</h2><p>In traditional inheritance, an executor guarantees that beneficiaries receive their intended assets at the right time. In the digital sphere, a solid inheritance strategy must ensure that no beneficiary can access their inherited assets prematurely.</p><blockquote><em><strong>RISK - Allowing your designated beneficiary digital access now means they could access your assets ahead of the schedule. Moreover, anyone aware of the instructions could exploit them improperly.<br/></strong></em></blockquote><blockquote><em><strong><em>RISK - Granting a lawyer or executor digital access today to manage your assets for your beneficiary creates numerous third-party risks: the firm might not safeguard adequately, leading to loss or theft, or could potentially go out of business, jeopardizing your assets.</em><br/></strong></em></blockquote>With Vault12, you can involve beneficiaries in your digital inheritance plan while avoiding premature access and ensuring that assets are safeguarded until the correct time.
</div><div class="rebellt-item col1 rebellt-question" id="rebelltitem18" data-id="18" data-reload-ads="false" data-is-image="False" data-href="https://vault12.com/learn/nft-crypto-inheritance/what-inheritance-risks-are-related-to-writing-and-maintaining-instructions" data-basename="what-inheritance-risks-are-related-to-writing-and-maintaining-instructions" data-post-id="2655939008" data-published-at="1721284455" data-use-pagination="False"><h2 data-role="headline">
Risks of Writing and Maintaining Instructions for Inheritance
</h2><p>Your digital assets could range from artwork, fungible cryptocurrencies, essential documents, or a mix thereof. For every digital asset, you may need to outline specific instructions for storage, including pin codes, seed phrases, and passwords.</p><blockquote><strong>RISK - You may improperly document your assets and access codes or inadvertently leave out some crucial details.</strong></blockquote><p>Keeping your instructions up to date is vital! Digital asset portfolios shift rapidly; you cannot depend on a one-time inventory check without ongoing help. In more traditional settings, you’d need to revise your instructions every time a digital asset is added along with its access details. Any mistakes could lead to inaccessible assets, not to mention wasted time in documentation.</p><blockquote><strong><em><strong><em><em><strong><em>RISK - Forgetting to refresh the list of digital assets or their access information.</em></strong></em></em></strong></em><br/></strong></blockquote><p>It's also crucial to protect your evolving instructions from unauthorized access. Securing these details from potential theft is essential.</p><blockquote><strong>RISK - Your meticulously written instructions could end up in the wrong hands. <br/></strong></blockquote><p>Vault12 simplifies your process of creating and safeguarding your asset access instructions while reminding you to verify and validate the accuracy of the access steps. </p></div><div class="rebellt-item col1 rebellt-question" id="rebelltitem19" data-id="19" data-reload-ads="false" data-is-image="False" data-href="https://vault12.com/learn/nft-crypto-inheritance/what-risks-are-related-to-storing-your-inheritance-instructions" data-basename="what-risks-are-related-to-storing-your-inheritance-instructions" data-post-id="2655939008" data-published-at="1721284455" data-use-pagination="False"><h2 data-role="headline">
Risks of Storing Inheritance Instructions
</h2><p.For traditional inheritance, securing a safety deposit box in a bank or another guarded location is typical.</p><blockquote><strong>RISK - Safety deposit boxes can pose accessibility issues (for example, during pandemic-related bank closures) and are not insured against loss or theft.</strong><br/><span/></blockquote><p>The Vault12 Guard app offers a more secure environment for your digital asset inheritance instructions compared to any bank deposit box or physical location. </p></div><div class="rebellt-item col1 rebellt-question" id="rebelltitem9" data-id="9" data-reload-ads="false" data-is-image="False" data-href="https://vault12.com/learn/nft-crypto-inheritance/why-was-the-digital-inheritance-company-vault12-created" data-basename="why-was-the-digital-inheritance-company-vault12-created" data-post-id="2655939008" data-published-at="1638908994" data-use-pagination="False"><h2 data-role="headline">
The Creation of Vault12: A Digital Inheritance Company
</h2><p>Our CEO and co-founder previously engaged in pivotal crypto ventures at Andreessen Horowitz, an esteemed Venture Capital firm within the blockchain realm. He recognized a lack of comprehensive solutions for safeguarding seed phrases and private keys, as well as no direct method for passing digital assets to a designated individual in the event of death or incapacity. This insight sparked the inception of Vault12!</p><p>Beyond personal losses of not being able to bequeath digital assets to loved ones, the aftermath of unplanned "death events" in the crypto landscape permanently removes substantial amounts of cryptocurrencies from circulation. This depletion impacts the overall supply available to future and current users. If left unattended, this challenge could escalate into a significant issue for the crypto industry, especially as it seeks mainstream acceptance in the coming years.<br/></p></div><div class="rebellt-item col1 rebellt-question" id="rebelltitem10" data-id="10" data-reload-ads="false" data-is-image="False" data-href="https://vault12.com/learn/nft-crypto-inheritance/how-does-vault12-digital-inheritance-clarify-your-intentions" data-basename="how-does-vault12-digital-inheritance-clarify-your-intentions" data-post-id="2655939008" data-published-at="1638908994" data-use-pagination="False"><h2 data-role="headline">
Clarifying Your Intentions with Vault12 Digital Inheritance
</h2><p>Vault12 Digital Inheritance is the pioneering solution providing a straightforward, secure method for all investors to ensure that their digital assets will be accessible to future generations.</p><ul><li>Applying traditional inheritance methods to digital assets adds complexity and risks.</li><li>As your digital asset portfolio evolves, ongoing inventory updates are necessary; you can't rely on a one-time review.</li><li>Vault12's user-friendly Digital Vault solution, with trusted Guardians, encompasses all varieties of digital assets, mitigating the uncertainty of asset availability for intended recipients. It also avoids the need to petition individual services during probate for access.</li></ul></div><div class="rebellt-item col1 rebellt-question" id="rebelltitem11" data-id="11" data-reload-ads="false" data-is-image="False" data-href="https://vault12.com/learn/nft-crypto-inheritance/how-does-vault12-digital-inheritance-work" data-basename="how-does-vault12-digital-inheritance-work" data-post-id="2655939008" data-published-at="1638908994" data-use-pagination="False"><h2 data-role="headline">
The Functionality of Vault12 Digital Inheritance
</h2><ul><li>The Vault12 Digital Inheritance solution includes an app for safeguarding, backing up, and securing your digital assets. It allows you to designate a beneficiary who can inherit your complete portfolio of digital assets stored in your Vault when the time is right - eliminating the need for ongoing inventory updates or revised instructions.</li><li>Digital assets like cryptocurrencies, financial account information, legal papers, and medical records can all be included in a Vault12 Digital Vault.</li><li>The Vault is safeguarded by a network of Guardians - sincere friends, family, and trusted associates.</li><li>A beneficiary is appointed by the Vault owner among the Guardians, and a declaration is digitally signed and shared with the beneficiary and, if needed, legal representatives.</li><li>Upon the Vault owner's passing, when the beneficiary seeks to access the digital assets, a specified number of Guardians validate the request, allowing asset restoration for the beneficiary.</li><li>If a beneficiary tries to access the assets before the owner's passing, the owner has the authority to reject the request.</li></ul></div><div class="rebellt-item col1" id="rebelltitem12" data-id="12" data-reload-ads="false" data-is-image="False" data-href="https://vault12.com/learn/nft-crypto-inheritance/vault12-maintains-digital-asset-inventory-and-provides-private-access" data-basename="vault12-maintains-digital-asset-inventory-and-provides-private-access" data-post-id="2655939008" data-published-at="1638908994" data-use-pagination="False"><h2 data-role="headline">
Vault12: Managing Digital Asset Inventory and Ensuring Private Access
</h2><p>Vault12 Digital Inheritance is designed to mitigate the challenges of managing digital assets and preparing for future transfer:</p><ul><li>Comprehensive Digital Asset Inventory: Capable of holding all types of digital assets, it provides a current inventory ready for inheritance when backed up and secured.</li></ul><ul><li>Direct Access for Designated Individuals: Ensures a straightforward method for beneficiaries to access digital assets without needing to approach numerous services or financial organizations. <br/></li><li>Privacy Assurance: Unlike multi-signature solutions, it secures information about digital assets from unauthorized parties, including lawyers. </li></ul></div><div class="rebellt-item col1 rebellt-question" id="rebelltitem5" data-id="5" data-reload-ads="false" data-is-image="False" data-href="https://vault12.com/learn/nft-crypto-inheritance/what-are-some-personal-stories-of-digital-inheritance-failures" data-basename="what-are-some-personal-stories-of-digital-inheritance-failures" data-post-id="2655939008" data-published-at="1638908994" data-use-pagination="False"><h2 data-role="headline">
Personal Accounts of Digital Inheritance Failures
</h2><p>Reports of such failures surface with alarming frequency:</p></div><div class="rebellt-item col1" id="rebelltitem7" data-id="7" data-reload-ads="false" data-is-image="False" data-href="https://vault12.com/learn/nft-crypto-inheritance/particle-7" data-basename="particle-7" data-post-id="2655939008" data-published-at="1638908994" data-use-pagination="False"><ul><li>In April 2018, Matthew Mellon, heir to the Mellon banking empire and former chair of the NY Republican Party finance committee, passed away. He had approximately $1 billion in Ripple (XRP) but left no instructions, rendering his holdings inaccessible, despite securing them in cold storage across various locations under different names.<br/><a href="https://fortune.com/2018/04/17/matthew-mellon-crypto-billionaire/" rel="noopener noreferrer" target="_blank"><u>https://fortune.com/2018/04/17/matthew-mellon-crypto-billionaire/</u></a></li></ul></div><div class="rebellt-item col1" id="rebelltitem8" data-id="8" data-reload-ads="false" data-is-image="False" data-href="https://vault12.com/learn/nft-crypto-inheritance/particle-8" data-basename="particle-8" data-post-id="2655939008" data-published-at="1638908994" data-use-pagination="False"><ul><li>In 2017, an unnamed crypto investor in Colorado passed away, leaving behind a substantial cryptocurrency fortune in a Coinbase account. Unfortunately, the family could not access the account and had to go through a protracted process to retrieve the assets after petitioning Coinbase. If the account holder had not been a U.S. citizen, this situation would have been even more challenging.</li></ul></div><div class="rebellt-item col1 rebellt-question" id="rebelltitem21" data-id="21" data-reload-ads="false" data-is-image="False" data-href="https://vault12.com/learn/nft-crypto-inheritance/ready-to-ensure-your-inheritance-for-crypto-assets" data-basename="ready-to-ensure-your-inheritance-for-crypto-assets" data-post-id="2655939008" data-published-at="1721322416" data-use-pagination="False"><h2 data-role="headline">
Prepared to Secure Your Inheritance for Cryptocurrency Assets?
</h2><p>Visit the Vault12 website to discover more and be part of the Digital Inheritance revolution. In just a few minutes, you can download the Vault12 Guard app to protect all your digital assets. </p></div></div>Secure Your Digital Legacy: NFT & Crypto Inheritance Guide[embed]https://www.youtube.com/watch?v=6fSu_99sy0A[/embed]
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