Inheritances are a tricky subject as heirs end up quarreling and fighting amongst themselves to get a bigger share of the inheritance. These arguments usually pit family and friends against each other and can also be drawn out in court for an extended period of time. With Safe Haven, all these issues of fighting and contesting an inheritance will not be feasible due to the smart contract application intended for use.
Smart contracts define what happens and when on the blockchain and self executes without the need for a third party intermediary such as an executioner or facilitator. This point alone shows that the legal aspect of inheritances is being disrupted, and the client will be assured that his/her will is executed as they desired.
Lawyers can change their traditional career route and instead of going to work at law firms, they can enter the cryptocurrency sector and join the TAN (Trust Alliance Network), and foster a career in the legal sector, in a new emerging market. They’ll have the huge benefit of being the first lawyers in the space, thus claiming market share and gaining valuable experience as time goes on, which will allow them to earn more SHA tokens for their work.
At the moment, Safe Haven is focused on digital inheritances strictly concerning cryptocurrencies. It makes sense that the first level of product creation would be targeted to cryptocurrencies, as this is a cryptocurrency project. However, since smart contracts will be used to execute the wills of clients, Safe Haven’s future growth will surely expand into physical and material possessions. Real estate, banking, transferring of vehicles into an heir’s name will surely be facilitated on the Safe Haven platform in the future.
Since Safe Haven is the first in the digital inheritance space, they’ll gain the valuable insight and experience in the sector which they can leverage in the future to gain more business. The same goes for the lawyers who join the Trust Alliance Network and provide services for users.
Furthermore, with inheritances being conducted digitally, there will be less fees for the inheritance process, which makes it ideal for clients looking to provide maximum benefit to their heirs. Many will flock to this platform. Will you?
That is why Safe Haven is such a great project. Everything in the world is swithing to digital - Interfaces, communications, social etc. It’s only a matter of time before current inheritances switch as well.
As always, DYOR and feel free to join the Telegram Channel where the Safe Haven team posts updates and answers all of your questions. They love it when you ask questions about the project.