Is Blockchain the Future for Estate Planning?

Many people are trying to figure out how to use blockchain technology in various fields.

Blockchain is an encrypted technology distributed on private computers. Information is put in the blockchain and it can only be changed by someone who has the right encryption key. That is an idea that  can possibly be used for estate planning, according to Nasdaq in “Blockchain Technology, Estate Planning and Resting Place Management.”

The idea appears to be that a person can put their estate planning wishes on the blockchain. They could easily access and make changes to it during their lifetimes. After they pass away, it could then be accessed, and the instructions carried out automatically and immediately. This same technology could also be used for creating a registry of burial places.

Distributing an estate after someone passes away does take some time. It would be nice if some of that time could be saved.

Reference: Nasdaq (May 30, 2018) “Blockchain Technology, Estate Planning and Resting Place Management.”