Heirloom Trust: Inheritance Planning Strengthened by the Technology of the Future
DALLAS, TX / ACCESSWIRE / May 26, 2021 / Heirloom Trust does two things very well: explain cryptocurrency to the many people who are secretly confused by it and innovate how the older generation creates wealth for their grandchildren, nieces, nephews, and children. The company is generating a lot of buzz with its first-of-its-kind technology that allows purchasers to safely and effectively accumulate a portfolio of promising cryptocurrencies for family members who receive it when they turn eighteen. Heirloom Trust's innovation means that inheritance planning has entered an entirely different realm, one in which CDs and other old-fashioned options will fade in usage and cryptocurrency will lead to stronger investments.
The creator of Heirloom Trust, Cara Cusack, is a highly experienced software technical program manager who foresaw the tremendous investment potential of cryptocurrencies. Cara wanted to add them to her own family's generational portfolio as well as teach her grandchildren about how cryptocurrencies work and how including them in their financial planning can benefit them for years to come. There was, however, nothing on the market that could fill this need, so Cara founded Heirloom Trust, innovating an exciting way for growing and passing down wealth to the younger generation.
Those kids already understand cryptocurrency, but the rest of us aren't always so sure even though we all live in the same digital world. Heirloom Trust understands this and created an extensive primer that explains the answer to every question we have all had at some point. With that knowledge, people then feel more confident about cryptocurrency and better able to understand how purchasing a crypto wallet from Heirloom Trust can benefit the younger people in their lives.
Investing in one of Heirloom Trust's crypto wallets is very simple. The purchaser will enter the recipient's identifying information. No one can withdraw the funds until the intended recipients are of legal age to do so.
The recipient will then be given two things. The first is a physical wallet, which looks and feels just like a coin and is sent to the receiver in a keepsake display and giftbox. The physical wallet is imprinted with the logo of the cryptocurrency purchased and the deposit address.
The recipient will also receive a crypto wallet, which is designed to securely store different cryptocurrencies via the deposit address, which all members of a trustee's family can deposit into until the recipient is old enough to access, transfer, or withdraw them. The wallet is a one-way purchase, meaning that the purchaser can only deposit into it. They cannot, for example, withdraw any of the money themselves, change their mind about the investment, or do any trading with it. Instead, the cryptocurrency is left to appreciate in value as the years pass, gaining more wealth for the recipient. As the recipient grows older, they are able to view the total amount of accumulated cryptocurrency and its present market value in any world currency by accessing the Heirloom Trust mobile app and website.
Security is a crucial part of Heirloom Trust's crypto wallets. The app backs up the physical wallet in case it is ever lost, stolen, or destroyed and needs to be reprinted. The hardware wallet is unhackable, as it is kept in a safety deposit box at financial institutions and is duplicated for disaster recovery. It means, for example, that if there is a natural disaster in one location and the hardware is lost, there is a backup at another financial institution in a different part of the United States. These contingencies ensure that the crypto funds are completely safe until the recipient turns eighteen when they can withdraw them and transfer the funds to any account or exchange of their choosing.
Heirloom Trust's invention is timely. Global society is only progressing further into cryptocurrency technology, so it is an excellent investment for members of the younger generation. A $5 investment in cryptocurrency has the real potential to turn into thousands of dollars - or more - eighteen years from now. It has more ability to set a child up for success than does a lottery ticket or a stock that "might" turn into the next Apple. Heirloom Trust's crypto wallets capitalize on the potential that Bitcoin, Ethereum, Dogecoin, and Cardano have for being the asset class with the strongest long-term performance. They are a viable, future-oriented product for parents and grandparents who want to create secure wealth for their descendants.
For more information on Heirloom Trust, including how cryptocurrency works and how you can invest in the company, please see www.heirloomtrust.com and https://www.indiegogo.com/projects/one-way-wallet-investment-gift-for-minor-children#/.
CONTACT:
Heirloom Trust
Cara Cusack
cara@heirloomtrust.com
SOURCE: Heirloom Trust
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