Yes, you can add beneficiaries to your Swan account. To do so please go to your settings page and click on the box that looks like the image below.
However, if you are looking to add a beneficiary for the purpose of estate planning (in the case of your death) and passing your Bitcoin onto your heir (children or parents), please note that you must follow the standard probate process, regardless of whether you are a Beneficiary stored in Swan. You read more about that process here.
Our strong recommendation is that you
- Withdraw Bitcoin to your own wallet that you share that wallet custody with your heirs. This is the best way to ensure that your loved ones have access to your funds.
- Work with a legal professional to establish a Trust/Will that clarifies the ownership of your Bitcoin in the event of your passing
Please note that we cannot provide guidance on how to structure your will/trust. Please consult with your inheritance or estate attorney on this matter. Also, know that adding a beneficiary to your Swan account alone will not avoid the probate process.