At the outset, it becomes imperative to understand why you should protect your legacy. Knowledge is power to you. Therefore, the very first step here would be to know some bare facts on the legacy of the people of US, one of the most advanced countries in the world!
Of late, you may have been searching for an answer to secure the legacy of your loved ones. In fact, you are not alone here searching for the answer to the menace of data theft online thereby swindling inheritance from your near and dear ones. According to an estimate, 45% of the US citizens are exposed to the vulnerability of data and identity thefts.
A living trust, also known as a revocable trust, is a type of trust in which an individual places assets during his lifetime, which then transfers to any number of designated beneficiaries after the individual’s death.
In the first two parts of this three-part series, we discussed what Digital Assets were, determined that they have value, and discussed what that value was and why we would care. We’ll wrap up this series by discussing what you can do to keep your assets safe and ensure that they are transferred to others if something happens to you.
Most people are familiar with their physical net worth. It is how much something physical (a house, car, savings account, etc.) is worth minus how much one may owe on it. But what about digital assets?