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Digital Inheritance
Digital Inheritance is the process of passing on ownership and control of your digital assets to chosen beneficiaries when the time comes. It incorporates financial, legal, and regional considerations that are usually reviewed with the guidance of tax and estate professionals. Digital Inheritance planning helps to protect your digital wealth against unforeseen circumstances, and ensures that it reaches your beneficiaries without complications.
An increasingly important subset of Digital Inheritance is Crypto Inheritance, which allows you to pass on digital assets including cryptocurrencies, Web3 tokens, NFTs, and new varieties that are still emerging. Crypto Inheritance is a specialized form of Digital Inheritance that allows you to securely and conveniently transfer your digital assets while strongly protecting the uniquely sensitive wallet information used to access them.
The purpose-built Crypto Inheritance solution Vault12 Guard offers you the highest-security protection against the specific risks that threaten blockchain-based digital assets, and also protects any other kind of digital asset that you would like to store in your decentralized Digital Vault.
Examples of Digital Assets
- Cryptocurrencies (Bitcoin, Ethereum, etc.)
- NFTs (digital art & collectibles)
- Digital titles to physical assets
- Legal documents
- Account passwords
Unique Challenges of Digital and Crypto Inheritance
- Unlike traditional assets, digital assets are not easily discoverable for beneficiaries unless specifically documented.
- Crypto Inheritance requires technical knowledge to access and transfer blockchain-based assets, including knowledge of private keys, seed phrases, and wallet management.
- Improper handling of sensitive information related to digital assets can result in their permanent loss. (This is why purpose-built solutions are needed, rather than conventional ones.)
- A delicate balance between security and accessibility is critical to ensure that assets are easily and securely transferred to beneficiaries, but only at the appropriate time. Specialized solutions like Vault12 Guard are designed to provide high security, high usability, and careful accessibility.
Related Terms
- Digital Inheritance planning
- Digital Inheritance management
- Self-custody
- Crypto Inheritance
Vault12
Vault12 is the pioneer in crypto inheritance and backup. The company was founded in 2015 to provide a way to enable everyday crypto customers to add a legacy contact to their cry[to wallets. The Vault12 Guard solution is blockchain-independent, runs on any mobile device with biometric security, and is available in Apple and Google app stores.
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You will lose your Bitcoin and other crypto when you die...
...unless you set up Crypto Inheritance Management today.
It's simple — if you don't worry about crypto inheritance, nobody else will — not your software or hardware wallet vendors, not your exchanges, and not your wealth managers. So it's up to you to think about how to protect the generational wealth you have created, and reduce the risks around passing that crypto wealth on to your family and heirs. What are the challenges with crypto inheritance?
- Crypto Wallets are difficult to use and do not offer crypto inheritance management. In fact, most of them tell you to write down your seed phrase on a piece of paper, which is practically useless.
- Some people back up their wallet seed phrases or private keys on paper, local devices like hardware wallets or USBs, or in the cloud. All of these options have severe drawbacks that range from hacking to accidental loss to disrupted cloud services.
- Software wallets operate onspecific blockchains, yet your crypto assets span multiple blockchains. For inheritance to work, you must be able to manage inheritance across every blockchain — now and forever.
Crypto Inheritance Management: Secure, Self-Custody Crypto Inheritance and Backup
Vault12 is the pioneer in Crypto Inheritance Management, offering a simple yet powerful way to designate a legacy contact and pass on your crypto assets—like Bitcoin (BTC), Ethereum (ETH) and Solana (SOL) —to future generations. Built for everyday users yet robust enough for the most seasoned crypto enthusiasts, Vault12 Guard ensures your wallet seed phrases and private keys are preserved in a fully self-sovereign manner, across all Blockchains.
At the heart of Vault12 Guard is quantum-resistant cryptography and a decentralized, peer-to-peer network of trusted Guardians. Your critical information is never stored in the cloud, on Vault12 servers, or even on local devices—dramatically reducing the risk of a single point of failure. By fusing a powerful software layer with the Secure Element of iOS devices (Secure Enclave) and Google devices (Strongbox), Vault12 Guard locks down your private keys against present and future threats.
Our innovative approach harnesses social recovery, enabling you to appoint one or more trusted individuals or mobile devices as Guardians. These Guardians collectively safeguard your protected seed phrases in a decentralized digital Vault—so there’s no need for constant lawyer updates or bulky paperwork. Should the unexpected happen, your chosen legacy contact can seamlessly inherit your crypto assets without compromising your privacy or security.
Preserve your digital wealth for generations to come with Vault12 Guard—the simplest, most secure way to manage crypto inheritance and backup.
Take the first step and back up your crypto wallets.
Designed to be used alongside traditional hardware and software crypto wallets, Vault12 Guard helps cryptocurrency owners back up their wallet seed phrases and private keys (assets) without storing anything in the cloud, or in any single location. This increases protection and decreases the risk of loss.
The first step in crypto Inheritance Management is making sure you have an up-to-date backup.
The Vault12 Guard app enables secure decentralized backups, and provides inheritance for all your seed phrases and private keys across any blockchain, including Bitcoin, Ethereum, and others, and for any crypto wallet.
Note: For anyone unfamiliar with cryptocurrencies, Vault12 refers to wallet seed phrases and private keys as assets, crypto assets, and digital assets. The Vault12 Guard app includes a software wallet that works alongside your Digital Vault. The primary purpose of this is to guard your Bitcoin (BTC) and Ethereum (ETH) wallet seed phrases, private keys, and other essential data, now and for future generations.
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