The Platform
Safe Haven is a crypto project platform which centers on digital inheritances. It allows a client to sign up, tie his/ her assets to a smart contract with certain conditions, and upon meeting those conditions, the assets will be distributed. The ICO for Safe Haven begins on June 30th if you are interested. With this platform, you won’t have to worry about who inherits your wealth.
Your Mortality
Yes. You must consider this. If you’re healthy, chances are that you may live a long life. If you’ve got a history of health complications in your family, then your mortality may not be as long as you’d think. So once you’re aware of this, you can plan accordingly. Get a medical and make sure you’re healthy.
Present Crypto Stash Security
Since some exchanges have been hacked and users lost their assets, it’s good to know that your cryptos at present are secured. How else would you pass on your assets to the other generations, if the present security of your coins are shaky? Make multiple wallets, multiple records of passphrases and store them in as much places as you can. You won’t want to forget the password and no one can access it. Make sure that the passphrases and TAN representative are known, and can be legitimately accessed.
Standard Operating Procedure
Write a procedure on how to access your coins, how to store them, how to spend them, how to withdraw them, and how they will become more valuable in the future. The more detail the procedures are, the better for your heirs. If you can follow them easily without worry, then so can your family members when the time comes. Safe Haven should have a list of procedures when they launch, but in case they don’t, your family would be protected and well informed.
Legal Issues
Based on what you’re giving your kids/ heirs, it’s good to know what the legal ramifications that you’re subject to are. Will they have to pay huge taxes? Will they have to pay huge fees to withdraw from one wallet to another? Thankfully, Safe Haven has the TAN network to provide assistance and consultations for situation like these.
Making Changes While You’re Alive
Through the TAN network, you as a client can provide the necessary paperwork to the TAN representative to validate that you’re the owner and that these are the changes you want to make. These changes will also be stored in the smart contract.
Who You Want to Leave Your Wealth For?
Yes. You need to determine who you want to leave your wealth for. Whether it’s your husband/wife, son/daughter, mother/ father, lover, company, friends etc. You as a client need to have “heirs” to list in the smart contract. You are allowed to change this list if you desire as it’s not set in stone. But make sure you change it or attempt to while you’re alive.
As always, DYOR. But digital inheritance is something everyone should consider given the strange times we live in. It would make no sense to accumulate all this digital wealth, then lose it with no one to pass it on to.