Legacy Suite, a leading provider of digital asset preservation services, is urging users to take ownership of their digital assets. The company’s platform is equipped to facilitate self-custody, allowing users to have complete control over their digital assets and ensure estate planning is inclusive of both physical and digital assets. By taking sole possession of their wallet’s private keys, users can protect their assets and ensure that the probate process aligns with their original intentions.
The call for self-custody comes after Binance CEO Changpeng ‘CZ’ Zhao warned users about the improper security of private keys in most cases. Despite advocating for self-custody as a fundamental human right, Zhao believes that most people today might end up losing their crypto assets if they hold them on their own. This highlights the need for secure solutions that simplify the management of digital assets for novice and average holders.
Gordon Bell, CEO of Legacy Suite, emphasizes the importance of managing digital assets while acknowledging that it is still a complex process for many users. Legacy Suite’s suite of estate planning solutions is designed to help navigate the complexities of digital assets and their integration into the traditional probate process.
Self-custody refers to individuals holding and managing their own digital assets without relying on a third-party custodian or intermediary. This approach allows for greater control and privacy over assets, reducing the risk of theft or loss due to external factors. However, self-custody also requires users to take responsibility for their own security and stay informed about the associated risks.
Legacy Suite offers a range of estate planning services to support users in managing their digital assets effectively. These include Legacy Suite™ for designing end-of-life plans, Legal Suite for precise details following passing, Financial Suite for organizing financial assets, and Digital Suite for accelerating the inheritance process of digital, crypto, and NFT assets.
To learn more about Legacy Suite and how to secure digital assets, visit their website.
Legacy Suite is a comprehensive end-to-end solution for digital estate planning. It provides support for crypto self-custody, allowing users to hold their own keys, set up directives, assign executors, and ensure the safe transfer of digital assets to their next of kin. Secure and user-friendly, Legacy Suite offers peace of mind for managing digital assets effectively.