What matters in life is ……

….. the time and relationship you have with the people.

Family and relations

And often these relationships stop us from thinking about more meanignful and practical aspects of life.

I know Friday is not a perfect day for thinking about serious stuff in life. Or is it the perfect day? How many Fridays have passed like this without living your dream or without even realising your dream , your ambition, your aspiration in life? And how many more Fridays will go by like this?

The sad part is we don’t know!!! Even sadder part is that we do not act or do anything about it even after realising!!!!

When I started my MBA, on the last day of our orientation week,we were asked to write down our Eulogy!!! This was surprising for many of us but going through this process made us realise what is more important in life and how can we align our personal and professional goals and live a life of fulfilment and meaning.

Preparing for death, clarified Life.

Sometime back we shared a video on our Facebook page but I would like to mention it again. Please watch this five minute TED Talk from Candy Chang and see how death of a near and dear one provided her a purpose in life. How she is transforming abandoned public spaces around the world.

If this talk has touched your heart, then why not take some action and start getting your affairs in order and think more clearly about life. It will just take a few minutes to create an account but in return you will get a lifetime of peace of mind that will make you more aware of your life!!!

Please share this post if you like it and join our family at PlannedDeparture.


I am riding the Bitcoin wave but ……What happens to Bitcoins when I die?

…… I don’t know what will happen to those Bitcoins if I am run over by a bus.

Bitcoins Solution

This is one of the major concerns many Bitcoin or virtual currency holders have especially after hearing stories such as that of Mr James Howell, who lost £4m worth of Bitcoins when he accidently threw the hard drive with bitcoins in the rubbish. You can find the details of the story here.

So for those who don’t know what is Bitcoin?

Bitcoin is virtual currency that is generated from a computer based network of individuals that manages Bitcoin balances and transactions. They’re “mined” from computer networks through the process of solving a complex mathematical problem. You can find more details about Bitcoin and its usage in this video.

Bitcoins have a big financial value associated with them, they form an important part of your estate. As these are virtual currencies they are stored in electronic wallets  which are guarded by private key.You cannot simply write this key on a paper and/or add it to your will.

There are different ways to ensure that Bitcoins are transferred to your beneficiaries and this blog explains many of them.

However, one of the simplest methods is breaking the private key into different parts, store it an electronic vault (such as PlannedDeparture) and assign it to different beneficiaries. In case of emergency or death (after obtaining legal proof), these keys will be released to the beneficiaries. The different parts can then be combined and Bitcoins can be claimed or recovered.

In case you are wondering why can’t we combine these keys and claim?

Well, we won’t and we can’t because all the information that is stored in our vault is in the encrypted using the highest level encryption (the one used by banks and US Govt.). You can learn more about our security here and learn more about how we encrypt your data here.

So what are you waiting for? Why not create your account today?


UK law society urges Britons to create a digital legacy… because…..

…… all your family needs when you are not around is ‘information at the right time’.

Digital Legacy
Digital Legacy

Last month the the UK Law society has urged people to leave clear instructions about what should happen to their social media and other online accounts ( You can find more information in this article ). We are glad that UK law society is understanding the importance of digital assets and information and how critical this information is for the family when you are not around to give them this information.

I have already blogged about digital assets here so I will not explain them in this post.

However I will remind you again about the digital footprint that is generated. Due to continuous digitisation, all our financial and emotional lives have gone on-line right from bank accounts , insurance policies, utilities bill arrangement to photographs and videos. With every single online activity we are creating a digital footprint. It is important to keep a list of all the digital or online accounts for two reasons:

a) To understand and find out how many online accounts you have. This can give an idea of size of the digital footprint generated.

b) To help the people you leave behind. Keeping a list of all the digital accounts and writing down the wishes of what to do with those accounts can help save a lot of time for the people you leave behind.

In the absence of any information about the digital and online accounts, there can be huge emotional and financial losses and unclaimed assets. Our emotional and precious moments remain locked in the online world forever. You can read more about the value of the photographs in this blog post.

Even insurance policies, one of your important assets stay locked in the on-line world or goes to unclaimed assets due to absence of information. I have blogged about the lost insurance policies in this post.

Having a list of all the accounts and assigning your wishes for that account to a digital executor can be very useful for the family. This is where PlannedDeparture steps in and solve the problem of information asymmetry and information inheritance.

Because all your family needs when you are not around is the ‘information at the right time’.

Ghosting – Is your identity safe?

ImageIdentity theft is growing in the US and will soon become a problem everywhere. When we are around it easy to safeguard our information by tracking our online accounts regularly but what happens if we are not around?

Like you, I never thought about my digital afterlife or what would happen to my data after I die? Then I read about Mr Johnnie Salter, whose identity was stolen after his death, to buy cars and apply for different credits. It was terrible for grieving Crane,73 to find out that her brother’s identity has been stolen.

Mr Salter’s case is just one of the many cases of ghosting – identity theft of the deceased. According to a study, every year the identities of at least 2.5 million Americans are stolen. These identities are used to apply for tax refunds, opening new credit lines or applying for new telephone services.

Most of the times this identity theft takes place because credit card companies and other organisations do not get information about the deceased. In many cases family members are not aware of different accounts, policies, credit cards and online services used by the deceased.

When the family is grieving over the loss of their near and dear ones , the last thing they want to hear about is – identity theft of the deceased.

I would like to ease the pain of loss by planning well and ensuring that I leave instructions in place for my family members to take care of all my accounts, policies, cards and assets in one place.

That is why we created Planned Departure, to ease the pain of loss. Planned departure can help prevent ghosting – by providing timely information and instructions to your family members. Would I risk loosing my identity after I am gone? No, I will not. Sure it will not matter to me – but hey it will matter to people I will leave behind – Isn’t it?

Image source – http://www.creditcards.com/credit-card-news/how-to-prevent-id-theft-after-death-1282.php