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Home»HACKING NEWS»Securely manage encryption inheritance with Vault12 Guard
HACKING NEWS

Securely manage encryption inheritance with Vault12 Guard

By Crypto FlexsSeptember 21, 20243 Mins Read
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Securely manage encryption inheritance with Vault12 Guard
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Managing digital assets like cryptocurrencies can be complicated, especially when it comes to inheritance. But it doesn’t have to be. Vault12 Guard ensures that your digital inheritance is secure and only the right people (your chosen guardians) can grant access to your beneficiaries at the right time.

Implementing an estate plan

Vault12 recommends creating a carefully thought out estate plan that covers all of your digital assets. Once your estate plan is in place, Vault12 Guard helps manage access to those assets and ensures everything is handled as intended.

Comprehensive digital safe

Vault12 Guard is not just for backing up your cryptocurrency wallets. It is a comprehensive solution for backing up all types of digital assets and storing sensitive information.

  • Extract seed phrases from all types of wallets and private keys including Bitcoin, Ethereum and other cryptocurrencies. With Vault12 Guard, you can choose from a list of pre-determined wallets or add your own.
  • Non-fungible tokens (NFTs).
  • A digitized copy of a legal document, medical record, or other personal record.
  • Instructions for accessing your PIN and device and password manager.

Vault12 keeps everything organized and stored safely in one digital vault.

Backed up and protected by trusted guardians

Your digital assets are protected by the people you trust most – your chosen guardians who can use Vault12 Guard for free.

If you lose your device, such as your phone, where your cryptocurrency wallet is stored, Vault12 Guard provides you and your guardian with a simple process to recover your assets.

In the case of an inheritance, the guardian must approve the beneficiary’s request to access the digital vault.

Manage your digital inheritance with Vault12 Guard

Vault12 Guard is available for iOS, Android, MacOS, and Windows. For detailed instructions on how to set up digital inheritance with Vault12 Guard (including step-by-step app screenshots), check out our guide here.

Here’s a quick overview of the steps you’ll need to take once you’ve downloaded the app:

  1. Bolt settings: Implement your digital estate plan by adding digital assets and designating guardians (including beneficiaries).
  2. manage: Let Vault12 Guard do the heavy lifting for you.
    1. Provides truly high-security storage for your data
    2. Add or remove wallet seed phrase and other digital assets
    3. Add or replace guardians and check their “Active” status.
    4. Securely transfer access to your digital vault with parental approval.

Periodic asset review

As with all assets, it is recommended that you periodically review your digital assets to identify any changes in your holdings, related technology or product updates, or legal or regulatory changes that may impact their current market value. Adjust your digital inheritance management strategy as needed.

Be sure to also contact your guardian to ensure they are prepared to continue to help you protect your digital assets.

Vault12 Guard makes managing and inheriting digital assets simple and secure. Whether you’re new to cryptocurrency or looking to protect your digital legacy, Vault12 offers an easy-to-use solution for modern estate planning and inheritance.

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