Skip to content

LegacyLink Inheritance

Overview

LegacyLink Inheritance enables users to securely pass on their digital assets, such as passwords, cryptocurrency, documents, and other sensitive data, to designated heirs in case of incapacitation or death. This feature allows the user to retain full control over their digital assets during their lifetime, while ensuring a seamless, secure transition to heirs when predefined conditions, such as inactivity, are met.

How It Works

  • User-Defined Heir Selection: Users designate one or more heirs who will gain access to their specified digital assets after a predetermined event, such as prolonged inactivity or manual activation by an executor.
  • Granular Access Control: The user has full control over which digital assets or files the heir(s) can access. Different assets can be designated for different heirs, providing flexibility in inheritance management.
  • Inactivity-Based Trigger: LegacyLink is activated based on a customizable inactivity period. After the defined time of inactivity, the system automatically initiates the inheritance process.
  • Heir Access Keys: Designated heirs are provided with secure, encrypted access keys required to unlock the inherited assets. These keys can be distributed in advance or stored securely until needed.
  • Posthumous Data Transfer: Once activated, heirs can access the inherited digital assets securely, managing or transferring them as needed according to the permissions set by the original owner.

Security Implications

  • Inactivity Triggers: The system uses inactivity monitoring to trigger the inheritance process, ensuring that the transfer only happens when necessary. This minimizes the risk of false activations or unauthorized access.
  • Multi-Layer Encryption: All data designated for inheritance is encrypted with AES-256 during storage and transfer. Heirs can only access the data after successfully decrypting it using their heir access keys.
  • No Access Before Activation: Even though heirs are pre-designated, they cannot access the user’s assets until the predefined activation conditions are met, ensuring full control and privacy during the user's lifetime.

Use Cases

  • Inheritance of Cryptocurrency: Users can pass on their cryptocurrency holdings, ensuring their heirs have access to wallets, private keys, and seed phrases.
  • Digital Estate Planning: Individuals with significant digital assets (documents, financial information, personal files) can ensure that these assets are securely transferred to the next generation.
  • Business Succession Planning: Businesses can plan for smooth transitions by passing on access to proprietary information, accounts, and important documents to trusted successors.

Why It Matters

In a world where many assets are digital, traditional estate planning often overlooks the secure transfer of digital assets. LegacyLink provides a modern solution that ensures users' digital legacies are transferred according to their wishes, protecting sensitive information and ensuring heirs gain access at the right time. This feature empowers users to maintain control over their digital estate, offering peace of mind for both personal and professional legacies.

FAQs

Can heirs access my data before the defined event?

No, heirs cannot access your data until the conditions for activation, such as inactivity, are met.

How are assets transferred to my heirs?

After the trigger event, heirs receive access keys that allow them to securely decrypt and access the designated assets.

Can I change my designated heirs or asset distribution?

Yes, you can modify your heirs and the assets they will inherit at any time.

Compliance & Privacy Regulations

  • Inheritance Law Compliance: LegacyLink’s structure ensures that digital assets are transferred securely and legally, adhering to inheritance regulations regarding digital estate planning.

Integration with Other Features

  • End-to-End Encryption (E2EE): LegacyLink uses E2EE to ensure that all assets designated for inheritance are encrypted throughout the process.
  • Local File Encryption: Ensures that the files being inherited are encrypted locally and remain secure until they are decrypted by the heir.