Digital assets may mean all those tangible and intangible assets the value of which may not necessarily be accounted for money. Having said that, we mean, digital assets fairly include stuff that does not carry any tangible value other than the sentiments and awareness. For instance, the portfolio of your digital assets may include the family medical history, details about the trusts and estate planning, family photographs and audio/video clips, legal documents, and financial documents to name a few. Therefore, the scope of work here is huge.
On the flip side, there is a huge responsibility of safeguarding the digital assets especially in the renewed malware attacks such as the ransomware in the recent past. But, calculating the value of digital assets is difficult as you can fairly presume so right from the beginning of our discussion. Unlike the calculation of a website that is typically determined on the basis of the revenue it generates, the job of estimating the value of digital assets isn’t easy. In fact, it requires a lot of expertise and knowledge, especially when it comes to estimating the value of the stuff like medical history, family photographs, and audio/video clips.
Another question is What would the amount to be paid for getting this back? This is perhaps the more salient question as it involves both the natural and the spiritual value of your digital assets. If your computer hard drive smashed and took away everything with it, what amount would you pay to reclaim your all data? If you had 1000 songs for which you have paid the amount of $ 0.99 ($990) but would you like to pay that to get digital assets back? Complement that, those photos of your children when they were young are perfectly priceless to you and there is no way to ever copy them once they are gone. You may be wishing to pay thousands of dollars for those even if they have no natural value.
It has long been well known that any safe, any vault, any lock can be undermined given an incalculable amount of resources and time period. One should, therefore, save assets with sufficient protection so that the time period and attempt it would take someone to steal your property overreach the value of the property. If the digital assets are costing $60,000, the person has to pay $15-$20 per month to maintain digital assets securely. Some of the people still give the 2nd thought to extend their expenditure to $50 on a good lock for the front door of our house, or $100 per month to sure $30000 automatically, but how many of people can secure the digital assets?
You will be happy to know that partners like the LegacyArmour have the right knowledge, experience, and expertise for safeguarding your valued digital assets. The best part with these partners is that the people working there including the founder by default have years of hands-on IT experience securing the future of millions of people around the world. Believe it or not, their dedication to this field over the decades is actually making things happen bespoke to the needs of this ever growing industry.
Now, the very common question among the masses that would perhaps bug you too is that how one gets the assets back when his/her predecessor is no more. Well, to get your assets back or to have an access to your legacy, you need not have to do anything. Partners like the Legacy Armour has a foolproof systematic approach to it that has withstood many upheavals in the US. For instance, your predecessor will nominate you first as his/her legal heir and when to deliver the legacy to you. That’s the catch.
The role of LegacyArmour in safeguarding your digital assets:
Annual reminders: The company sends annual reminders to the people for updating their recipients’ information.
- Preselection of recipients: One has to preselect the recipients along with date and time whichever is applicable.
- Choice of collaborators: Collaborators to one’s medical records are preselected.
The aforesaid list isn’t conclusive. It should, therefore, be read as an attempt to let you know what the company is actually doing in the wake of the worldwide malware attacks and how it’s safeguarding your legacy.