This shows you how you can create, update, encrypt, and store securely a portfolio of eWills with your instructions for distributing access to your digital assets, after we have received verified confirmation of your death.
eWill has a simple, automated process to build your digital inheritance plan one step - or one eWill - at a time. The system guides you through the process intuitively and step-by-step for both your financial and social assets.
As a starting point, you should assess all the digital assets you have; and think about how and to whom they should be distributed. You should also decide what final messages you want to be delivered when you are gone (eWill manages this for you for free). Building your eWill portfolio is a work-in-progress - you can create multiple eWills in your portfolio, save the drafts, then return later on to complete them. You can update them as often as you like, and add on new ones, at no extra cost.
Here are the steps:
You register your eWill Account for free. You can now begin the process of building an unlimited number of eWills, leaving goodbye/goodwill messages and instructions for your family and friends on how to access your assets after you have died. There is no limit on the number of free eWills you can have in your portfolio, and no cost for creating, editing or updating them. It is simpler to create a separate eWill for each beneficiary - for each family member, colleague, or friend. Typically, users create a separate one for each set of assets or for each different beneficiary. Unless you opt for enhanced services or additional storage, we provide the asset-beneficiary delivery system to users for free.
Then you need to list the beneficiaries for this eWill, while starting to think about which asset goes to which beneficiary. Typically, the beneficiaries for your wealth and personal digital assets are your family; and the beneficiaries for your company digital assets are most often your business partners. You need to provide the confirmed addresses for each, with alternative contact methods (phones, instant-messaging, etc.) for back-up.
You can create a separate eWill for each beneficiary, or multiple eWills for each beneficiary, one for each asset, giving you total flexibility and control over your digital legacy.
Next, add descriptions of the digital assets you want to leave to the beneficiary in this eWill, one-by-one, with instructions for how your beneficiaries can access them. The access instructions would typically say where each file is stored and how to retrieve the matching password. We don't hold the passwords, and normally not the files, so we never have access to the underlying assets. These assets would include not just financial assets like cryptocurrencies, digital wallets, online bank accounts, PayPal, domain names, shopping accounts, loyalty programmes, etc.; but also your social assets, like social media accounts, memberships, subscriptions, and email addresses.
Note: If you choose to create an eWill holding high-value or sensitive assets, you should encrypt and download it off the system, and keep the encrypted file in secure storage with you and/or your designated beneficiary. (See more, in Step 5.)
Set out the message and add the files (text, documents, videos) you want to send to the beneficiary in each eWill. For your loved ones, it's your present for the future.
As a free service, eWill provides an efficient mechanism to send out your final messages to family friends, colleagues, etc.. You can send out a “Fond Farewell”, a “Goodwill Goodbye”, a “Timely Thank You”, even an “Abject Apology”. You decide how you want these messages to go out, and can attach files – photos, videos, songs, whatever. You can fix forward delivery of your messages on family birthdays, anniversaries and milestones. So even after you're dead, you're still part of the family conversation. (But please remember, that if you want to leave large files – like HD videos – there are additional fees for lifetime storage: USD 100 for 10 GB; USD 200 for 50 GB; USD 300 for 100 GB; USD 400 for 200 GB.)
If you choose to create an eWill holding high-value or super-sensitive assets, you should encrypt the eWill, download it off the system, and either store it securely, or pass it to the designated beneficiary. Once it's downloaded, none of the content remains on the system (just the eWill name and number - so it can be decrypted later). The content of the eWill can be read only when it is decrypted on the system, by uploading the encrypted file with its associated password.
This is called “triple-factor security”. In order to view the content, the 3 factors required are 1) the encrypted file; 2) the password; and 3) decrypting the file on the eWill platform. Without all 3 factors, no person or third-party organisation – including eWill - can access your assets.
Read More: Enhanced Encryption, Ultimate Security.
At the heart of the eWill system is the transfer of access to your assets smoothly, swiftly and securely to your beneficiaries, after and not before your death. It is essential that we execute your eWill and release your time-sensitive assets immediately upon confirmation of your death. However, it is equally essential that we do not release the information for your beneficiaries to take over your assets until we have verified confirmation that you have actually passed away. eWill has a strict, inviolable procedure for establishing final verification, but you, the eWill holder, set the standard of confirmation required for this verification and the conditions that must be met before your eWills are released.
There are two levels you can choose for the standard of Verification needed to confirm your death, before we can release your eWills: Basic and Enhanced.
The Basic level, part of eWill’s free service package, is an automated checking mechanism via your email, and then if you don’t respond within 48 hours, we will start to double-check every day via all your other instant messaging channels (WhatsApp, WeChat, Line, etc.) for up to 30 days (according to your instructions). Verification at the Enhanced level enables you to appoint trusted Verifiers to add an extra layer of confirmation before we release the eWills to your designated Beneficiaries. The Verifiers should be people you know well and trust implicitly. They should also be people with whom you are in frequent contact, so they will know promptly if you have passed away.
Once we have confirmed your death, to the level of verification that you specified, we will proceed immediately to execute your eWills and release the contents to your beneficiaries. Read More on Verified Confirmation.
For extra peace of mind, you may choose to have your eWill video-witnessed, so that the video statements can be uploaded to your account on the eWill platform as additional confirmatory support. However, please note that for your off-shore digital assets this is a comfort measure, not a requirement, and we will act on your online registered instructions to release your eWills and transfer your digital assets without this video confirmation. If you want, eWill can provide remote video witnesses for an additional fee (USD 100 for 2 witnesses).
If you intend to use your eWill as the transfer mechanism for leaving your physical assets, such as real estate, you will need to have the eWill live-witnessed (recorded on video) by two people (aged over 18) who are not your beneficiaries. Upload and store the 2 video confirmations and we will store them, at no extra fee, along with the eWill until your beneficiaries need it to satisfy their local jurisdictions. For the transfer of your digital assets via the eWill platform, this witnessing requirement is not necessary, so there is no justification for an extra fee, unless you ask us to provide you with the two online witnesses.
Review the portfolio of eWills you have drafted – the beneficiaries and assets; the instructions and messages; and the verification standard for the release of the eWills after you have passed away. Check the options for enhanced services and additional storage you have selected, and that you are satisfied that the price total is correct. (If you have not selected any options, your eWill portfolio and the asset-beneficiary transfer process is free.) Once you are satisfied, please make payment.
When payment is completed, you can download a copy of your eWill and authorised Certification of your eWill registration. You may log in to your account at any time in the future to update/edit your eWill or to encrypt/download it without any charge, unless you opt for additional services.
Your eWill is now completed. You can update and add to it at any time, unless you have encrypted it. You can download the Certificate of Authenticity and share it with your beneficiary so they know what you are leaving for them.
If the contents of the eWill are high-value or sensitive, you should encrypt and download it off the system for impenetrable triple-factor security. If you choose to pass it to your designated beneficiary, they will not be able to access it until they decrypt it on the eWill platform, after we have verified your death.
The eWills in your portfolio that you have chosen to leave on the system are kept in your account in our blockchain-secured digital vault.
eWill: your present for the future.
eWill enables you to build up your digital inheritance plan over time, to keep your portfolio of eWills continually updated and fully secure, and - when the time comes - to manage the transfer of access to your digital assets to your beneficiaries. The system allows you to create an eWill for each beneficiary (or multiple eWills, if you want to leave multiple assets to that beneficiary). Thus, you can create as many eWills as you like under the same account for free, and update/add to them at any time without additional cost. You pay nothing, unless you opt for like enhanced services or additional storage. Complete your portfolio by adding a new eWill
In a nut-shell, what you manage with eWill is the “What” (access to your digital assets), the “Where” (ultra-secure storage of your assets); the “Whom” (your beneficiaries), and the “How” and “When” (instructions to us on how to release your legacy). eWill works as an automated process that you design easily for each specific asset and for each beneficiary. You set the instructions for release: we don't hold your passwords and therefore we have no access to your assets. On our platform, an account holder is able to create what is essentially a separate eWill for each asset-beneficiary. Thus, your eWill account can hold multiple “asset-beneficiary eWills” - as many as you choose - at no additional cost, unless you select enhanced services or additional storage.
The eWill inheritance system recognises the reality of digital ownership and facilitates the transfer of your precious assets to your beneficiaries without getting mired in the minefield of the conventional inheritance process. Once your beneficiary has access to the asset they are able to use the underlying product/service/system. When you have left instructions for transferring access to a digital asset to your designated beneficiary, you have effectively transferred to them the right to use that asset, which equates to ownership in the online world. (Remember that the conventional inheritance process won't work for your precious digital assets, as they are usually held offshore by some amorphous multinational corporation in some nebulous jurisdiction.)
Thus, your digital assets are distributed in accordance with your instructions smoothly, swiftly and securely: your family and beneficiaries will have inherited the legacies you left for them.