Beneficiary Assignment

Folder for adding Your account articles

How do I assign my Beneficiary to my Crypto assets?
You can assign your beneficiary to your crypto assets on the Octowill system by logging onto the platform and following the step by step guide.
Tue, 4 Dec, 2018 at 11:02 PM
Why do I need to appoint a beneficiary?
Appointing a beneficiary will ensure your crypto investment is passed on to your family securely after your demise. Not appointing a beneficiary means your...
Tue, 4 Dec, 2018 at 11:02 PM
Who can be appointed as a beneficiary?
Any living person can be appointed as a beneficiary. It is highly recommended that the person is above the minimum age, of sound mind and body and able to r...
Tue, 4 Dec, 2018 at 11:03 PM
Can children be appointed as beneficiary?
Yes they can, but they may not be able to receive the asset until they reach the age of maturity, therefore you will need to authorise Octowill or the execu...
Tue, 4 Dec, 2018 at 11:04 PM
What happens if I pass away without appointing a beneficiary?
Currently, there are no laws in place to explain this. Perhaps your assets could be taken absorbed by the wallet provider, the exchange or the government as...
Tue, 4 Dec, 2018 at 11:05 PM
How many wallets can I include in my Crypto Will?
There are no limits to the number of wallets you can include in your assignment. Each wallet must be specified under the correct category either as exchange...
Tue, 4 Dec, 2018 at 11:06 PM
How many beneficiaries can I assign to a Wallet?
The initial rollout of Octowill system allows the appointment of 1 (one) beneficiary per wallet. Future rollouts may include assignment of multiple benefici...
Tue, 4 Dec, 2018 at 11:07 PM
Can I assign more than 1 (one) beneficiary to 1 (one) wallet?
Only one beneficiary may be appointed to inherit assets in one wallet. However, in future, Octowill will upgrade the system to allow this process.
Tue, 4 Dec, 2018 at 11:08 PM
Can I assign the same beneficiary to many wallets?
Yes; you can assign the same beneficiary to as many wallets you like. For each assignment, you must select the wallet from drop down box and assign the same...
Tue, 4 Dec, 2018 at 11:08 PM
Can I change the beneficiary anytime I want?
Yes, you can do that anytime by logging into the Octowill system. Firstly, you must remove the beneficiary for that wallet and then add a new beneficiary. T...
Tue, 4 Dec, 2018 at 11:09 PM