There are some important steps to take when organizing your crypto so that it can be easily managed by an executor or trustee.
Typically crypto can be held online or offline in wallets. There is a lot of debate on the best storage solutions, because people approach crypto with different objectives (stable currency, privacy, speculation, etc...)
- Your Will becomes public record after you pass away once it is filed with a court. Storing information about your crypto in your Will will expose your beneficiaries to the public, and putting instructions on where to find your crypto in your Will could compromise the security of crypto. Using a living trust allows for more privacy.
- Having your crypto in an online account like Coinbase will increase transparency and simplicity of account ownership to the intended beneficiaries.
- Keep your Executor/Trustee instructions updated if you change the location or access to your crypto.