Have you ever wondered, how to ensure transfer of your crypto after death? It's the same here, that prevention is better than cure, therefore it's needed to protect beforehand. But how?

A good example is Great Britain, where inherited cryptocurrency is taxable. If it's a part of the Will, an inheritor is automatically liable to pay a relevant tax bill. This is a normal routine today, however as crypto market grows it could become a big issue. Let's have a look at 3 ways how to ensure safe crypto transfer for family descendants even today.

1. Write down a manual on how to access cryptocurrencies online

An addition with detailed instructions on how to gain full access to cryptocurrencies through a computer and internet, as if it was an original owner, can be a part of the last Will's documentation. Imagine it as a step-by-step guide, where all logins, passwords, web addresses and other data, needed for a successful login, are written down. Take special care for multi-step verification.

2. Set conditions for max. zero activity period

Inactivity can be a good indicator for changed conditions. More and more crypto exchanges explore options, how to reduce cases with lost or forgotten cryptocurrency and associated problems. Some exchanges enable web integrations through API interface, which can detect for example account activity. User can easily set maximum zero activity period, which on elapsing will automatically send crypto means to a pre-assigned e-wallet.

3. Save cryptocurrency on an external hardware wallet

If your descendants are tech-savvy enough, then one of the best options is to save cryptocurrency on an external hardware wallet. Then you can just place it, together with log-in details, into family safe, where it's securely stored among other valuables.

If you belong to people who don't doubt cryptocurrencies are here to stay long-term, it's time to expand your horizons and start to notice minor details too.