Casa's Diamond inheritance program
Traditionally speaking, estate planning has well-defined best practices within legacy financial institutions. Upon an individual's death, the executor named by the will gathers the assets of the estate for distribution. Legacy assets such as cash, investments, and real estate are processed and distributed. Bitcoin; however, is a digital bearer asset and is anything but traditional. This raises a few important questions:
- How do I ensure that it passes to the right person(s) when I die?
- What if my heirs are not knowledgeable about bitcoin?
- How do I provide my heir(s) enough information to recover my bitcoin without compromising my security?
Casa has developed a simple and safe way to support your Recovery Custodian(s) in assuming control of your bitcoin in the event of your passing.
Identifying Recovery Custodians
The program allows clients to register a primary and secondary Recovery Custodian (RC) with Casa. The primary RC is the individual you want to have control of your bitcoin if you die. This can be an heir, executor, or trustee. The secondary RC is the individual you want to recover your bitcoin if the primary RC is not available. Registration of RCs enables the instantaneous transfer of your Casa account and subscription services to them on your death.
The ideal Recovery Custodians are the trustees or executors of your estate plan, since the Recovery Custodians will be responsible for handling all legal and tax implications of receiving your bitcoin upon death.
Setting up the inheritance envelopes
Once registered, Casa will mail each of your RCs an inheritance envelope. We will provide support and instructions on what information you need to add to the envelopes. The envelopes contain both encrypted and analog information and provide your RCs with the tools needed to recover your bitcoin, while maintaining world-class security. Casa will fully support your RCs to take custody of your bitcoin no matter their prior bitcoin knowledge level. You can rest easy knowing your bitcoin inheritors will be in good hands.
| Inheritance Services | Diamond Plan | Platinum Plan |
|---|---|---|
| Immediate transfer of Casa account | Yes | No |
| Inheritance package | Yes | No |
| Recovery fee to transfer account | No | Yes |
| Assistance setting up an inheritance plan | Yes | No |
| Letter of Administration to transfer account | No | Yes |
*Have more inheritance questions? Contact us using the help or concierge button on the bottom right of Casa app.
