Cryptoasset Inheritance Planning: A Simple Guide for Owners

by Pamela Morgan

“What happens to my bitcoin, ether, or other cryptoassets when I die?” Cryptoasset Inheritance A Simple Guide for Owners by Pamela Morgan, Esq. is a clear blueprint to inheritance planning for those holding cryptocurrency, tokens, crypto-collectibles, and other cryptoassets. Since 2015, Pamela has educated thousands of cryptocurrency owners around the world about why inheritance planning for cryptoassets matters and how to do it in a secure, usable, resilient, and efficient manner.

In this book, Pamela walks you through her successful step-by-step inheritance planning processes. These processes are designed to help you build a customized crypotasset inheritance plan - and you don’t need to be a security expert or lawyer to do it. Inside you’ll also find helpful tools like checklists, templates, and worksheets to make building your plan simple and easy.
Topics
- how to write a basic access plan in two to three hours
- how to assess your risks and make your plan better
- debunking common myths and misconceptions about cryptoasset inheritance planning
- what laws you need to know about and why
- how to interview, hire, and fire a lawyer and how to keep costs down
- why smart contracts don’t apply to inheritance today, but will someday
- and so much more

By the time you complete the book, your plans (1) allow your heirs to take possession of your cryptoassets when the time comes, but not before, (2) minimize the opportunity for others to steal cryptoassets from your loved ones, (3) provide an opportunity for your loved ones to hold the assets securely, instead of liquidating, (4) prevent fighting amongst your heirs and avoid legal problems whenever possible.

Buy this book, follow the process, and you’ll be able to confidently answer the question, “What happens to my bitcoin, ether, or other cryptoassets when I die?”

146 pages, Kindle Edition

Published April 25, 2018

Reviews

[Neal Aggarwal · Rating 4 out of 5]

A lot of useful stuff on how to plan for your succession. Very short though on the nitty gritty.

If you have any amount of cryptocurrency you have probably protected it yourself with [m]any combination[s] of paper walets, trezors, ledger nanos, crytosteels, cold titatiums and more and more new ones to come in days to come. Does your intended recipient-on-your-death know how to deal with these things? Does your lawyer? Your accountant? I doubt it and there's no alternative to making sure they have the requisite training. Is this likely? Is it possible? Again I doubt it; I've tried it.

Don't teach pigs to fly; it wastes your time and it annoys the pigs

So you need an expert of equivalent knowledge levels in all things crypto that you currently have. You ARE going to give this person your private keys. You are. And with that you are going to give them the keys to your kingdom.

[Ryan · Rating 4 out of 5]

I like the idea of this book, but it's just too basic (and yet, too long for what it is) to really be useful. It essentially is boiled down to three things:

1) Leave written instructions/inventory of what you have
2) Separate out "list of what you have" from "keys or other tools to access"
3) Appoint people to help your heirs navigate the process

It's not bad, but the basic problem here is cryptoassets can be held in so many ways, and increasingly with professional custodians, that generic advice isn't as useful as it used to be. Still, this is a solid introduction and very basic overview; just probably not at all sufficient. Plus, the "legal" aspects are all handwavey (which is by necessity, since it varies by jurisdiction.)

[Martin Yau · Rating 4 out of 5]

Excellent guide to write up one's crypto inheritance plans. The author outlines in good but concise detail the major steps that the reader needs to take in order to create an effective one based on their personal circumstances. There's no one size fits all plans. This book is an asset to all cryptoasset owners.