How to Create a Legacy and Manage Digital Assets

Bittime - In this digital era, more and more people are investing in digital assets such as Bitcoin. However, the question that often arises is what happens to Bitcoin when its owner dies? How to ensure that these digital assets will be handled properly and legally after the owner dies? Here's how to set up inheritance and manage digital assets.

Check Today's Crypto Market:

Create an Estate Plan

If you own digital assets like Bitcoin, it is important to create an inheritance plan that includes the management and distribution of those assets. Here are the steps you can follow.

1. Including Digital Assets in Heritage

Make sure to include digital assets, including Bitcoin, in your legacy documents, such as a will or trust. This ensures that these assets will be managed according to your wishes.

2. Appoint an Executor or Digital Asset Manager

You can appoint someone as the executor or administrator of digital assets who is responsible for managing and distributing these assets according to instructions. Make sure this person understands blockchain technology and how to access and manage Bitcoin.

3. Provide Clear Instructions

Provide clear instructions on how digital assets should be managed and distributed. You can determine whether the assets should be left to direct heirs or sold and the proceeds distributed according to the will.

Also read:

Using Digital Asset Custody Services

Some digital asset custody services, such as cryptocurrency trust companies or digital trust services, offer inheritance features that allow you to designate heirs and inheritance instructions for your Bitcoin. This can be a good choice if you want to ensure that digital assets are handled properly.

Setting Passwords and Access Information

Be sure to record and save passwords, private keys, and other access information necessary to access and manage Bitcoin. Provide this information to the executor or administrator of digital assets and make sure they know how to use it properly.

Also Read: How to Trade Bitcoin Options, Here are the Tips!

Consult a Legal Professional

Finally, it is highly recommended to consult with legal professionals experienced in inheritance and digital asset management. They can help you create a legally compliant inheritance plan and properly manage your digital assets.

Conclusion

Bitcoin and other digital assets can be an important part of a person's wealth portfolio, and it is important to ensure that they are handled properly after we pass away. By creating a proper estate plan, using secure digital asset storage services, properly managing passwords and access information, and consulting with legal professionals, you can ensure that Bitcoin and other digital assets will be managed according to your wishes.

Also Read: What is the Real Purpose of Bitcoin?

How to Buy Bitcoin (BTC) with Bittime

If you are interested in investing in Bitcoin (BTC) , you can buy it at Bittime. BTC tokens are available on Bittime in BTC IDR pairings. 

The following is a guide on how to buy BTC tokens on Bittime. 

• Register an account at Bittime using an active email. 
• Complete the identity verification process.  
• Once the account is verified, open the Bittime application.
• Select the Market menu or click the graphic icon. 
• Select IDR pairing to buy BTC with Rupiah.
• Click 'Buy'.
• Select the order type to use. Limit orders, market orders and stop orders are available.
• Enter the nominal rupiah to buy BTC.
• Click the 'Buy BTC' button. 
• A notification pop up will appear. Read it carefully and click 'Confirm'. 
• Enter the six digit Transaction PIN.
• The application will display a successful order notification. 
• Check your BTC balance in your wallet after a successful transaction.

To see a complete guide on how to buy Bitcoin (BTC), you can click here.

Apart from buying Bitcoin (BTC), you can also buy various crypto assets, such as ETH, USDT, SOL, ADA, AVAX, DOGE, and many others. Monitor graphic movement of Bitcoin (BTC) price, Ethereum (ETH), Solana (SUN) and other cryptos to find out today's crypto market trends in real-time on Bittime.

Crypto asset buying and selling transactions on Bittime are easy, safe and instant. Bittime is officially registered and supervised by Bappebti and Kominfo. 

Read Also:

What Are Crypto Wallets?

What are Smart Contracts?

What is Bitcoin and How Does It Work?

DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.