Do I Really Need A Will?
We recently saw the passing of Gerald Cotten, CEO of Quadriga, Canada’s largest cryptocurrency exchange.
Cryptocurrency, like Bitcoin, is based almost entirely online, using virtual wallets to store your money. In order to protect yourself from hackers, some of this money can be stored offline, something knowns as cold wallets.
When you’re the CEO of Canada’s largest exchange, you might be the only one with access codes to these cold wallets. This is what happened in this case and close to $150 million may be at stake.
When you don’t have a process, or a will, in place, for what you want to happen when you pass, the effect could be that your family loses access to wealth you’ve worked all your life to build for them.
Download Matthew Gunn‘s “Do I Really Need A Will” right here!
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