Binance founder Changpeng Zhao, known as CZ, urged crypto platforms to implement a 'will function' that allows users to distribute their digital assets after death. He emphasized that discussions regarding end-of-life asset management are often avoided, despite their necessity. This appeal follows Binance's recent feature update, which allows users to designate an emergency contact to claim their crypto assets in case of their demise. This feature is indicative of the broader issue, as over $1 billion in crypto assets remain unclaimed annually due to insufficient inheritance mechanisms. Users on social media welcomed the update but expressed the need for comprehensive inheritance planning within the Web3 community, suggesting that accounts hold more than just currency, but also value in terms of social presence. Legal experts have noted that many families struggle to access a deceased person's crypto assets, particularly pointing out that younger investors often overlook proper estate planning. Such insights highlight the crucial need for preparing wills that include detailed instructions for accessing digital assets, ensuring that the complexities of digital inheritance are adequately addressed.

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