Have You Chosen Your Digital Executor Yet?September 11, 2019
Over the past year, I’ve been talking to a friend of mine about being my Digital Executor. We have had many conversations on the topic. He recently agreed and we met last week to work out the details. Until recently, I never thought about designating someone to look after my cryptocurrency assets after I die. I’m glad my friend agreed to help me. The rest of this article will be raising various questions about having you consider having a Digital Executor yourself.
I am not a lawyer nor am I an expert in estate planning or wills. If after reading this article you have questions please consult an expert for assistance.
What exactly is a Digital Executor and how do I know if I need one? Before we answer those important questions, let me give you the role of a digital executor. A Digital Executor is responsible for managing your digital assets after you die, paying any debts or maintenance fees on your behalf of your digital estate, and making sure that your digital assets are distributed to the people you want. This might sound rather complicated to you but it’s actually very simple. Let me explain.
Most people might not be thinking about what will happen to their cryptocurrency portfolio after they die. The purpose of this article is to have you start thinking about the importance of having someone that you select that will be responsible to manage and distribute your digital assets. Regardless, of how much you have invested in various cryptocurrencies, I highly recommend having a Digital Executor.
You might be asking yourself, “How do I choose the right Digital Executor?” According to Everplans.com, the ideal person should be highly organized and detail-oriented. They also advise selecting someone who is tech-savvy. I’ll add to their list by saying that a Digital Executor needs to be reliable and trustworthy.
I often mention on my YouTube videos that my crypto portfolio is really for my grandchildren. My intentions when I first began investing into cryptos were with my grandchildren in mind. I want to leave a legacy long after I’m gone that I was an early investor in cryptos. I want my grandchildren to tell their grandchildren about blockchain technology and cryptocurrency.
In order to achieve my goal, I needed to help of a Digital Executor. I picked someone who is trustworthy and honest. What about you? Do you need help of a Digital Executor? I’ve mentioned a few reasons why I think having one is very important. Even if you only have a small portfolio, is there someone on your family or a friend you would like to give it to after you die? Why don’t you start today by making a list of people you might want to ask to be your Digital Executor? You’ll be glad you did.
Feel free to drop me a line at [email protected].