Create a Legacy Contract
Table of Contents
Create a Multisign Legacy Contract with Safe Wallet
Create a Transfer Legacy Contract with Safe Wallet
Create a Transfer Legacy Contract with an Externally-Owned Account (EOA)
Create a Multisig Legacy Contract with Safe Wallet
See also Multisig Legacy
User clicks on “Create a Contract”
User chooses Multisig Legacy
The system will navigate to the Check your Safe wallet screen
If the user doesn't have a Safe account, the system instructs the user to create one at Safe{Wallet} – Welcome.
If user puts in a Safe address, the system will enable the Next step option to navigate to Configure your Legacy Contract screen, where the contract's name, beneficiaries, time to activation and notes can be inputed.
Create a Transfer Legacy Contract with Safe Wallet
See also Transfer Legacy
There are 2 options for user to choose from, creating a Transfer Legacy contract with an EOA or a Safe wallet.
User clicks on Create a Contract, chooses Transfer Legacy, and selects to use a Safe account.
The system will perform the same check that the address is a Safe wallet, similar to Multisig Legacy, and navigate the user to the Configure Your Legacy Contract screen, where contract's name, beneficiaries, assets, asset allocations, time to activation and notes can be inputed.
Alternatively, the legacy owner can create a Safe wallet in https://app.safe.global. The legacy is set as a legacy contract using Safe Proxy.
After setting the legacy contract in Safe Proxy, the will owner can set guard in https://app.safe.global or in the Digital Inheritance's site. The system uses Set Guard Function of SafeGuard.
The legacy owner can set module in https://app.safe.global or in the Digital Inheritance's site using Set Module function.
After setting guard and module, the legacy owner can configure will details including asset, beneficiaries and time to activation since last outgoing transaction.
Co-signers of the Safe Wallet will need to sign a transaction to finalize creating the legacy contract. Once the minimum number of signatures required in the Safe Wallet is met, the legacy contract is created.
Creating a Transfer Legacy Contract with an Externally-Owned Account (EOA)
There are 2 options for user to choose from, creating a Transfer Legacy contract with an EOA or a Safe wallet.
User clicks on Create a Contract, chooses Transfer Legacy, and selects to use current connected wallet.
When the user clicks Create a contract, the system will navigate to the Configure Your Legacy Contract screen, where contract's name, beneficiaries, assets, asset allocations, time to activation and notes can be inputed.
By default, users may designate up to 10 primary beneficiaries per legacy contract.
Configure assets allocations
In order to ensure that beneficiaries can receive the assets, the owner will have to:
Approve ERC-20 tokens in order for the contract to have the permission to transfer assets to beneficiaries' wallets when the will is activated. All ERC-20 tokens in the EOA wallet can still be spent normally.
Transfer Native tokens (ETH) to the legacy contract. Owner can deposit only a portion of their ETH. The contract will hold custody of the deposited ETH. The owner can always edit the legacy contract and withdraw the deposited ETH from the will contract.
Asset allocation details for beneficiaries:
User can specify the percentage of each beneficiary, as long as the total is 100%. Example: There are four beneficiaries: A, B, C, D. The owner can specify that A will receive 20% of the assets, B 10%, C 30%, and D 40%. The allocation will apply to the deposited Ether and approved ERC-20 tokens from the EOA wallet.
Premium Feature: Additional Contingent Beneficiary Layers
As part of the Premium package, the user can optionally configure up to two additional layers of access recovery.
See Premium Features - Additional Contingent Beneficiary Layers
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