Legalify Biz

What are Digital Assets?

These are online accounts that you have with crypto exchanges, betting coys, fintech coys, and traditional bank apps.

As long as they contain currencies of any kind, they are assets and you need to include them in your estate plan.

Kindly follow to learn more.

Enjoy your month of February to the fullest, with your goals and dreams being fulfilled.

🌹🌹🌹

Here is how to recover money in the account of a loved one who has passed away.

Death happens without notice and that is why everyone needs to have an Estate plan just in case.

However if you find yourself in a situation where your loved one recently passed away and there happens to be money left in the deceased Bank account or accounts, the same can be recovered.

1. Ascertain the amount left. If you don't know you can always approach your bank as the next of kin to declare the amount left.

2. Approach the court. Ask for where the courthouse is located in your locality.

3. Obtain an order of the court and the money will be released to you.

4. Get ready your valid means of identification for the eventual release often money by the bank.

5. Enjoy your money.

If you enjoyed the above kindly follow us
For more tips on Estate Planning.

Here are five things that will happen to you when you die without an Estate plan.

It is important to understand what an estate plan is.

An estate plan is a plan for the transfer of your assets when you are no more. There is more to Estate Planning than the definition given and I encourage you to go through our profile Secure the future of your loved ones] to learn more.

Now to the five things that will happen when you 'go' without one;

1. The courts will decide how your estate will be shared among your loved ones. You want to avoid this because your loved ones may benefit little.

2. Litigation. Courts consume time, which means matters that require urgency like health & educational decisions will be greatly affected.

3. You give room for intermeddlers. The absence of an estate plan gives room for anybody to lay claim to your properties and assets, you want to avoid this.

4. No provision for the important people in your life. People with special needs etc.

5. Family conflict. This is the most common effect of not having an estate plan. Family members all over will start showing up claiming whatever. This can put your family into disrepute. You want to avoid this trust me.

6. You may lose the businesses you built to your partners without your family carrying on the Mantle. The business world is cruel as they say.

Kindly follow Secure the future of your loved ones] to learn more.