ELM Legal Services has partnered with cryptocurrency protection experts CoinCover to offer a brand new will writing service.
Cryptocurrency is an increasingly popular method of online payment. It is best understood as a form of currency that exists as a digital asset, with no paper or coins. One of the main benefits is is is secured in such a way that it is near impossible to forge or double-spend. Cryptocurrency, the most well known is Bitcoin, operate within blockchain technology. Blockchain is a method of ensuring the integrity of the data, essentially decentralising the storage of the data in a way which means that no single organisation or individual (like a bank) can have overall control.
Each computer that is connected to the blockchain has a unique version of the data, not just a copy, which prevents the opportunity to manipulate or alter the data without detection.
But because the currency exists solely online, it is susceptible to hacking and it is estimated that hackers stole $4 Billion of cryptocurrency in 2019 alone, up from $1.7 Billion in 2018.
ELM Legal Services is delighted to working with CoinCover, the first and only solution to deliver an insurance backed guarantee against theft and lost access of cryptocurrency, to provide clients with greater surety of inheritance and enable people to leave financial assets to loved ones in the form of cryptocurrencies such as Bitcoin or Ether.
The service will enable beneficiaries to gain access to their bitcoin inheritance in 3 simple steps
- Notify Coincover
Contact Coincover and provide the unique ID as identified on your Notification Card.
- Provide the necessary documentation
The Executor will need to identify themselves and provide documentation such as a death certificate and grant of probate.
- Receive cryptocurrency holdings
Once our checks are completed and the grant of probate is resolved, your Beneficiaries will have the choice to receive full cryptocurrency funds, or the cash equivalent value.
For full details of the service please go to https://www.coincover.com/cryptocurrency-wills
Make A Free, No Obligation Enquiry Now
To speak with one of our specialist Wills & Probate Lawyers, please call us now on 0117 952 0698 or Make A Free Will Enquiry and we will discuss your current circumstances with you and explain all available options available to you.