Vault12, a U.S.based personal digital asset security platform, announced on Thursday the launch of its Digital Inheritance offering. Vault12 claims that Digital Inheritance is the first solution suitable for all kinds of assets to offer a direct and secure way to ensure digital assets can be passed down to and accessed by future generations.
“Digital Inheritance enables users to designate an individual, who could be the executor, trustee or beneficiary, that will be granted access to the entire portfolio of digital assets stored in a secure Vault upon the investor’s death, eliminating undue risk of lost access and the need to continually update an inventory or issue updated instructions.”
Vault12 noted its Digital Inheritance has been designed to reduce the risks associated with managing digital assets and preparing them for future transfer with:
- Comprehensive Digital Asset Inventory: Designed to accept all forms of digital assets. When used to secure and back up an investor’s full range of assets, it provides an up-to-date asset inventory to be inherited.
- Direct access for the designated individual: Offers a simple and direct way for the designated individual to gain access to digital assets without having to petition multiple organizations, financial institutions and/or authorities.
- Privacy Protection: Ensures that, unlike with multi-sig solutions, information about the digital assets is kept private and secure.
Vault then added:
“Vault12 Digital Inheritance is designed to be used as part of the inheritance planning process and can easily include Trusts and Estates attorneys, as appropriate. It is independent of the specific legal approach chosen by the owner of digital assets and can be used with a will, living trust or other approach to inheritance. Investors should always obtain legal advice to ensure that all their assets are comprehensively taken care of.”
