“We hope to simplify this process in the future, so we are working to add account beneficiaries functionality to our platform,” a Gemini representative said in an email.
Update your plan and your wallet
Ensure that your assets will go to the right people by keeping your estate plan updated, especially after a life change like marriage or divorce. Provide up-to-date instructions so beneficiaries can access your assets. Cold wallets need maintenance, too, in the form of periodic firmware updates. This can help lessen the burden on your loved ones and hopefully prevent fights as they settle your estate after your death.
“Crypto has the potential to be a very explosive thing because the value can be so huge so quickly,” Mejias says. “When you think about five, 10 years from now, we’re potentially talking about a whole lot of money.”
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This article was written by NerdWallet and was originally published by The Associated Press.