The document is available in Spanish for Spanish-Americans, although the legal considerations of each country must be taken into account. It has a guide that explains the process
“Planning the inheritance of
The publication was presented within the framework during the event laBITconf, which took place from December 5th to 8thin Chile. The announcement about this specific product was made during the conference given by Pamela Morgan, CEO of the company Empowered Law & BoardMember Cryptocurrency Certification Consortium.
“I’m so excited to announce that I’ve published my popular Letter to Loved Ones inheritance planning template in Spanish. Just in time for my upcoming talk. It’s free and available now at https://empoweredlaw.com”, the entrepreneur says on her Twitter account, as part of the explanation about the process of declaring inheritances in
The template is part of Morgan’s book and is recommended as a declaration format of the assets that are held in cryptocurrencies. Although its use does not guarantee that the beloved ones can access the assets, it can be part of the process of creating an inheritance plan, according to the author.
So far, most people do not plan what to do with the cryptoactives they will leave. “In any case, the idea is to allow family or friends who may not have an idea about Bitcoin or a cryptocurrency to recover after our death to recover the funds without our help”, said the lawyer during her participation in the international conference.
How does it Work?
The plan that the author recommends is to use the template as a starting point and to prepare a letter that includes an inventory of the digital assets that are possessed, with explanations and details on how to access the
According to the lawyer, the information that is not missing is about the portfolios
According to Morgan, one of the current drawbacks -and one that should be overcome- is that there are no smart contracts with legal status for the successor declaration of this type of assets. On this subject, the lecturer said that some projects plan to focus on this area. However, she recommends not trusting keys and cryptocurrencies to a third party.
Some of the startups that are already responsible for offering these types of services
As an additional recommendation, it is important to take into account the legal provisions of each jurisdiction. In the UnitedStates of America, for instance, legislation
By María Rodríguez