A good man/woman leaves an inheritance - page 2.

molsewid

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Quote from: dataispower on December 30, 2021, 06:59:24 PM

A wallet seed phrase is meant for one person, their is no need of sharing the seed to another person and is in appropriate for some to link the secret of he and her wallet to another person, your wife or son will decide to dupe your coin any time it feels like withdrawing your coins in the wallet and it is nice to keep every documents of wallet secret because trusting some body now hour days is something difficult and every body is a suspect

A person who has crypto assets and example wanted to let one of his family member know his seed phrases, his e-wallets or hard wallets I believe that must sure to a person he/she would trust his assets. What I mean is, it is not appropriate to share your seed phrases in two different people even if it is a family member because one of them would definitely would going to feel to fulfill their personal interest towards your asset. Nowadays, is hard to trust to other people or even family members but I would also choose to disclose my seed phrases to one of my close relatives which I know could handle and has a knowledge about crypto.

Oilacris

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Quote from: dataispower on December 30, 2021, 06:59:24 PM

Quote from: Davidvictorson on September 11, 2021, 09:01:04 AM

An old proverb says “A good man/woman leaves an inheritance to his children's children…”. Since the inception of the world, whenever a person dies, their personal assets like money, possessions and property are either shared as stated in a will or in accordance with the law of succession where the deceased leaves no will. In most cases, the beneficiaries include may their spouse(s)/civil partner, child or children and grandchildren. In other cases, their brothers and sisters, parents or parent, nephews and nieces, favorite charity organization and state (where there is no relative) get to be the beneficiaries.

I recon that in the coming years folks are going to will their wallet seed and passphrases to their family members, their favorite charity, and even their kids unborn. As an investor or crypto trader is this a legacy you would want to leave behind?

A wallet seed phrase is meant for one person, their is no need of sharing the seed to another person and is in appropriate for some to link the secret of he and her wallet to another person, your wife or son will decide to dupe your coin any time it feels like withdrawing your coins in the wallet and it is nice to keep every documents of wallet secret because trusting some body now hour days is something difficult and every body is a suspect

One of the difficult things when you do decide to let those family members knows those private keys you do have thats why you would really be hesitate in doing so which i cant really blame them because

even myself would really hesitate when it comes to this manner.You cant be sure if they wont really be accessing those coins when you are still alive so there's always a risk and probabilities.

Some would tell their family members but mostly would really just remain quite and its better not to tell anybody even your own family about it.

dataispower

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Quote from: Davidvictorson on September 11, 2021, 09:01:04 AM

An old proverb says “A good man/woman leaves an inheritance to his children's children…”. Since the inception of the world, whenever a person dies, their personal assets like money, possessions and property are either shared as stated in a will or in accordance with the law of succession where the deceased leaves no will. In most cases, the beneficiaries include may their spouse(s)/civil partner, child or children and grandchildren. In other cases, their brothers and sisters, parents or parent, nephews and nieces, favorite charity organization and state (where there is no relative) get to be the beneficiaries.

I recon that in the coming years folks are going to will their wallet seed and passphrases to their family members, their favorite charity, and even their kids unborn. As an investor or crypto trader is this a legacy you would want to leave behind?

A wallet seed phrase is meant for one person, their is no need of sharing the seed to another person and is in appropriate for some to link the secret of he and her wallet to another person, your wife or son will decide to dupe your coin any time it feels like withdrawing your coins in the wallet and it is nice to keep every documents of wallet secret because trusting some body now hour days is something difficult and every body is a suspect

uneng

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Quote from: Rufsilf on December 30, 2021, 01:57:04 PM

Quote from: JayTrain on December 21, 2021, 02:19:41 PM

Quote from: Davidvictorson on September 11, 2021, 09:01:04 AM

An old proverb says “A good man/woman leaves an inheritance to his children's children…”. Since the inception of the world, whenever a person dies, their personal assets like money, possessions and property are either shared as stated in a will or in accordance with the law of succession where the deceased leaves no will. In most cases, the beneficiaries include may their spouse(s)/civil partner, child or children and grandchildren. In other cases, their brothers and sisters, parents or parent, nephews and nieces, favorite charity organization and state (where there is no relative) get to be the beneficiaries.

I recon that in the coming years folks are going to will their wallet seed and passphrases to their family members, their favorite charity, and even their kids unborn. As an investor or crypto trader is this a legacy you would want to leave behind?

of course, any parent here wants the best for their children, including me, so I would leave my wallets first of all to my family and friends, these are children, brothers, sisters, and it would be right, this is how everyone traditionally dedicates, but it's better not to think about the bad.

While your statement is quite true, but the question is can we really leave our wallets to them even before we die? Because apparently, we ain't sure of our time here on this God's green earth so I think it's better to give them informations already as early so that they can be familiarized about it in times of emergency because what's the use of that certain wallet if they didn't know what to do about it.

It depends if you can trust them or not. If that is the case, you can give them all the informations needed to access your funds from now on, because you have the assurance they will only touch the money if you ask, or in an emergency, unexpected situation.

However, if the person can't trust his own kind at all, I'm not sure what would be the best approach to solve this matter in a safe way for every parts.

After all, bitcoin purpose is to work as person to person currency, what means there must be mutual trust, without involving any third party's interference. In inheritance cases it should work similarly.

Issa56

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Currently that am still alive I don't really trust anybody so I don't really allow anybody to know my seed phrase or private key, because if anybody have access to your private key then your funds are no longer safe, but I believe I will be dieing one day and if nobody have access to my wallet all my funds are gone so I make sure I secure all my private key to different wallets in my diary so that if I die and they want to share my property if they check my diary they will definitely see my private keys there then they can sell off and distribute the money.

bekti3

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Quote from: coinism on December 23, 2021, 01:59:38 AM

Quote from: Fatunad on December 22, 2021, 02:58:41 PM

Inheritance is somewhat an obligation but not all would really be that open minded and bit selfish when it comes to this.

Life is uncertain and we don't know exactly how long we will breath. The difference b/w real world assets and bitcoin is that there is a legal procedure for division of real world assets when someone dies but same is not the case with bitcoin. We have to decide in our lives whether we wanna give that to our loved ones or made them useless after we die. The decision is in our hands.

Actually, things like this are very risky to talk about earlier because this kind of thing is so sensitive.
indeed we never know our age until when and even it can not be predicted beforehand.
But on the other hand, talking about assets to the closest people is too risky, I think, because it is human nature to always do things that are beyond normal when talking about wealth, regardless of family principles, greed will always exist.
it is very difficult indeed to have full trust in the closest people but it will be a loss when we die the closest people we can not feel the assets we have

Rufsilf

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Quote from: JayTrain on December 21, 2021, 02:19:41 PM

Quote from: Davidvictorson on September 11, 2021, 09:01:04 AM

An old proverb says “A good man/woman leaves an inheritance to his children's children…”. Since the inception of the world, whenever a person dies, their personal assets like money, possessions and property are either shared as stated in a will or in accordance with the law of succession where the deceased leaves no will. In most cases, the beneficiaries include may their spouse(s)/civil partner, child or children and grandchildren. In other cases, their brothers and sisters, parents or parent, nephews and nieces, favorite charity organization and state (where there is no relative) get to be the beneficiaries.

I recon that in the coming years folks are going to will their wallet seed and passphrases to their family members, their favorite charity, and even their kids unborn. As an investor or crypto trader is this a legacy you would want to leave behind?

of course, any parent here wants the best for their children, including me, so I would leave my wallets first of all to my family and friends, these are children, brothers, sisters, and it would be right, this is how everyone traditionally dedicates, but it's better not to think about the bad.

While your statement is quite true, but the question is can we really leave our wallets to them even before we die? Because apparently, we ain't sure of our time here on this God's green earth so I think it's better to give them informations already as early so that they can be familiarized about it in times of emergency because what's the use of that certain wallet if they didn't know what to do about it.

Molinology

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A way could be found to do this. Crypto is nowadays most people’s asset as it is easy to buy and track. No stress about any documentation like in case of properties and other assets. But there have not been much talks of people leaving behind crypto for their dear ones. Maybe it is newer but it does hold a lot of potential and would be perfect as inheritance.

Kasabus

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Quote from: DeathAngel on December 23, 2021, 05:10:00 PM

I will definitely leave substantial funds to my kid. He will have generational wealth, thanks to bitcoin. I agree that a good man/woman leaves what they can to their kids. Not everybody can afford to leave big money but you should go without nice things in life so that your kids can have a better life.

No parents would want to leave without an assurance that their children will have a better future so as much as possible, leaving them with a huge amount of money or any kind of assets or investments will be the first priority of the parents before they die. And with crypto, i know it will be of great value in the future so parents should assist their children first about crypto before they rest in peace.

DeathAngel

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I will definitely leave substantial funds to my kid. He will have generational wealth, thanks to bitcoin. I agree that a good man/woman leaves what they can to their kids. Not everybody can afford to leave big money but you should go without nice things in life so that your kids can have a better life.

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Quote from: Reatim on December 23, 2021, 02:01:32 AM

Quote from: Fatunad on December 22, 2021, 02:58:41 PM

Quote from: Distinctin on December 22, 2021, 02:20:06 PM

Quote from: Renampun on December 21, 2021, 01:42:17 PM

Quote from: Davidvictorson on September 11, 2021, 09:01:04 AM

An old proverb says “A good man/woman leaves an inheritance to his children's children…”. Since the inception of the world, whenever a person dies, their personal assets like money, possessions and property are either shared as stated in a will or in accordance with the law of succession where the deceased leaves no will. In most cases, the beneficiaries include may their spouse(s)/civil partner, child or children and grandchildren. In other cases, their brothers and sisters, parents or parent, nephews and nieces, favorite charity organization and state (where there is no relative) get to be the beneficiaries.

I recon that in the coming years folks are going to will their wallet seed and passphrases to their family members, their favorite charity, and even their kids unborn. As an investor or crypto trader is this a legacy you would want to leave behind?

bitcoin or any other cryptocurrency that I have is a valuable legacy for my children in the future...

all parents must have thought of good things for their children's future and I see cryptocurrency has become a very good valuable asset for inheritance other than property, savings or gold. in the future, this will definitely be a trend.

Ofcourse there's no parents in todays world that aren't thinking about what's good for their children especially no one exactly knows when is our time to leave this world. An inheritance would be the first thing to pop in the parents mind that they could leave it to their children. An inheritance of a cryptocurrency wallet isn't a bad idea afterall we are now living in a tech era, that would be a big help to the beneficiaries as they're starting on their own feet.

Every parent would really be minding about this manner but there are instances on which we do parents doesnt really have any something to left on except to those who do really have some crypto assets on this market
which they could possibly leave out something in case they would pass out which its understandable that we would really be doing this stuff for the sake of those people who would leave behind.
Inheritance is somewhat an obligation but not all would really be that open minded and bit selfish when it comes to this.

But the problem is If they are trustworthy enough to Let their children knows the Keys and Password in case there is accident happens or at least bad things that result into death.

remember that crypto cannot be inherit once the Keys have not been told or given to others.

So yes this is a good one to the parents that has crypto asset but at least know how to let others have access in case of emergency .

Well, if you are planning to leave your crypto to your children and grandchildren, then they should be aware earlier on how to access crypto and how to manage it in a profitable way. Other than that, they should learn too how to put buy and sell order so that in times, they need to convert them for fiat, it will not be hard for them to do that. Crypto will be more valuable in the future and leaving them as an inheritance will make more millions in the years to come.

Reatim

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Quote from: Fatunad on December 22, 2021, 02:58:41 PM

Quote from: Distinctin on December 22, 2021, 02:20:06 PM

Quote from: Renampun on December 21, 2021, 01:42:17 PM

Quote from: Davidvictorson on September 11, 2021, 09:01:04 AM

An old proverb says “A good man/woman leaves an inheritance to his children's children…”. Since the inception of the world, whenever a person dies, their personal assets like money, possessions and property are either shared as stated in a will or in accordance with the law of succession where the deceased leaves no will. In most cases, the beneficiaries include may their spouse(s)/civil partner, child or children and grandchildren. In other cases, their brothers and sisters, parents or parent, nephews and nieces, favorite charity organization and state (where there is no relative) get to be the beneficiaries.

I recon that in the coming years folks are going to will their wallet seed and passphrases to their family members, their favorite charity, and even their kids unborn. As an investor or crypto trader is this a legacy you would want to leave behind?

bitcoin or any other cryptocurrency that I have is a valuable legacy for my children in the future...

all parents must have thought of good things for their children's future and I see cryptocurrency has become a very good valuable asset for inheritance other than property, savings or gold. in the future, this will definitely be a trend.

Ofcourse there's no parents in todays world that aren't thinking about what's good for their children especially no one exactly knows when is our time to leave this world. An inheritance would be the first thing to pop in the parents mind that they could leave it to their children. An inheritance of a cryptocurrency wallet isn't a bad idea afterall we are now living in a tech era, that would be a big help to the beneficiaries as they're starting on their own feet.

Every parent would really be minding about this manner but there are instances on which we do parents doesnt really have any something to left on except to those who do really have some crypto assets on this market
which they could possibly leave out something in case they would pass out which its understandable that we would really be doing this stuff for the sake of those people who would leave behind.
Inheritance is somewhat an obligation but not all would really be that open minded and bit selfish when it comes to this.

But the problem is If they are trustworthy enough to Let their children knows the Keys and Password in case there is accident happens or at least bad things that result into death.

remember that crypto cannot be inherit once the Keys have not been told or given to others.

So yes this is a good one to the parents that has crypto asset but at least know how to let others have access in case of emergency .

coinism

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Quote from: Fatunad on December 22, 2021, 02:58:41 PM

Inheritance is somewhat an obligation but not all would really be that open minded and bit selfish when it comes to this.

Life is uncertain and we don't know exactly how long we will breath. The difference b/w real world assets and bitcoin is that there is a legal procedure for division of real world assets when someone dies but same is not the case with bitcoin. We have to decide in our lives whether we wanna give that to our loved ones or made them useless after we die. The decision is in our hands.

Botnake

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Quote from: Distinctin on December 22, 2021, 02:20:06 PM

Quote from: Renampun on December 21, 2021, 01:42:17 PM

Quote from: Davidvictorson on September 11, 2021, 09:01:04 AM

An old proverb says “A good man/woman leaves an inheritance to his children's children…”. Since the inception of the world, whenever a person dies, their personal assets like money, possessions and property are either shared as stated in a will or in accordance with the law of succession where the deceased leaves no will. In most cases, the beneficiaries include may their spouse(s)/civil partner, child or children and grandchildren. In other cases, their brothers and sisters, parents or parent, nephews and nieces, favorite charity organization and state (where there is no relative) get to be the beneficiaries.

I recon that in the coming years folks are going to will their wallet seed and passphrases to their family members, their favorite charity, and even their kids unborn. As an investor or crypto trader is this a legacy you would want to leave behind?

bitcoin or any other cryptocurrency that I have is a valuable legacy for my children in the future...

all parents must have thought of good things for their children's future and I see cryptocurrency has become a very good valuable asset for inheritance other than property, savings or gold. in the future, this will definitely be a trend.

Ofcourse there's no parents in todays world that aren't thinking about what's good for their children especially no one exactly knows when is our time to leave this world. An inheritance would be the first thing to pop in the parents mind that they could leave it to their children. An inheritance of a cryptocurrency wallet isn't a bad idea afterall we are now living in a tech era, that would be a big help to the beneficiaries as they're starting on their own feet.

Well, its quite risky as crypto gets complicated particularly for non tech savvy. But i'm still thinking that maybe in the future i can leave them with some assets and properties but not in the form of crypto. Also, i would rather choose fiat money instead so they can enjoy and benefit from it in times of financial problems and they can use it too to build a bright future for my grandsons.

However, crypto has definitely higher value than fiat but still, i think it will only make them get into troubles in the future if they can't manage it correctly, and end up losing all the said cryptos.

Fatunad

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Quote from: Distinctin on December 22, 2021, 02:20:06 PM

Quote from: Renampun on December 21, 2021, 01:42:17 PM

Quote from: Davidvictorson on September 11, 2021, 09:01:04 AM

An old proverb says “A good man/woman leaves an inheritance to his children's children…”. Since the inception of the world, whenever a person dies, their personal assets like money, possessions and property are either shared as stated in a will or in accordance with the law of succession where the deceased leaves no will. In most cases, the beneficiaries include may their spouse(s)/civil partner, child or children and grandchildren. In other cases, their brothers and sisters, parents or parent, nephews and nieces, favorite charity organization and state (where there is no relative) get to be the beneficiaries.

I recon that in the coming years folks are going to will their wallet seed and passphrases to their family members, their favorite charity, and even their kids unborn. As an investor or crypto trader is this a legacy you would want to leave behind?

bitcoin or any other cryptocurrency that I have is a valuable legacy for my children in the future...

all parents must have thought of good things for their children's future and I see cryptocurrency has become a very good valuable asset for inheritance other than property, savings or gold. in the future, this will definitely be a trend.

Ofcourse there's no parents in todays world that aren't thinking about what's good for their children especially no one exactly knows when is our time to leave this world. An inheritance would be the first thing to pop in the parents mind that they could leave it to their children. An inheritance of a cryptocurrency wallet isn't a bad idea afterall we are now living in a tech era, that would be a big help to the beneficiaries as they're starting on their own feet.

Every parent would really be minding about this manner but there are instances on which we do parents doesnt really have any something to left on except to those who do really have some crypto assets on this market
which they could possibly leave out something in case they would pass out which its understandable that we would really be doing this stuff for the sake of those people who would leave behind.
Inheritance is somewhat an obligation but not all would really be that open minded and bit selfish when it comes to this.

Distinctin

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Quote from: Renampun on December 21, 2021, 01:42:17 PM

Quote from: Davidvictorson on September 11, 2021, 09:01:04 AM

An old proverb says “A good man/woman leaves an inheritance to his children's children…”. Since the inception of the world, whenever a person dies, their personal assets like money, possessions and property are either shared as stated in a will or in accordance with the law of succession where the deceased leaves no will. In most cases, the beneficiaries include may their spouse(s)/civil partner, child or children and grandchildren. In other cases, their brothers and sisters, parents or parent, nephews and nieces, favorite charity organization and state (where there is no relative) get to be the beneficiaries.

I recon that in the coming years folks are going to will their wallet seed and passphrases to their family members, their favorite charity, and even their kids unborn. As an investor or crypto trader is this a legacy you would want to leave behind?

bitcoin or any other cryptocurrency that I have is a valuable legacy for my children in the future...

all parents must have thought of good things for their children's future and I see cryptocurrency has become a very good valuable asset for inheritance other than property, savings or gold. in the future, this will definitely be a trend.

Ofcourse there's no parents in todays world that aren't thinking about what's good for their children especially no one exactly knows when is our time to leave this world. An inheritance would be the first thing to pop in the parents mind that they could leave it to their children. An inheritance of a cryptocurrency wallet isn't a bad idea afterall we are now living in a tech era, that would be a big help to the beneficiaries as they're starting on their own feet.

Chato1977

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Quote from: Davidvictorson on September 11, 2021, 09:01:04 AM

I recon that in the coming years folks are going to will their wallet seed and passphrases to their family members, their favorite charity, and even their kids unborn. As an investor or crypto trader is this a legacy you would want to leave behind?

This has been happening for years, and has been advised to many threads about making the crypto as inheritance as we are not sure of what will happen in the future specially in unexpected death in which many fails to leave their seeds and passphrase to their family and love once that's why their crypto assets are now nothing to be find and died with them.

tulusikhlas

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Quote from: JayTrain on December 21, 2021, 02:19:41 PM

Quote from: Davidvictorson on September 11, 2021, 09:01:04 AM

An old proverb says “A good man/woman leaves an inheritance to his children's children…”. Since the inception of the world, whenever a person dies, their personal assets like money, possessions and property are either shared as stated in a will or in accordance with the law of succession where the deceased leaves no will. In most cases, the beneficiaries include may their spouse(s)/civil partner, child or children and grandchildren. In other cases, their brothers and sisters, parents or parent, nephews and nieces, favorite charity organization and state (where there is no relative) get to be the beneficiaries.

I recon that in the coming years folks are going to will their wallet seed and passphrases to their family members, their favorite charity, and even their kids unborn. As an investor or crypto trader is this a legacy you would want to leave behind?

of course, any parent here wants the best for their children, including me, so I would leave my wallets first of all to my family and friends, these are children, brothers, sisters, and it would be right, this is how everyone traditionally dedicates, but it's better not to think about the bad.

I think inheriting something must be fundamental. For example, if we inherit in the form of wealth, will our children be able to manage it properly so that nothing bad happens to their assets. Yes we all know, parents would want their children more than him. But, is it enough to only have assets of wealth? I do not think so. In conclusion, we must inherit something along with the knowledge.

perfect999

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Quote from: mich on December 21, 2021, 04:17:06 AM

When it comes to inheriting bitcoin, I wouldn’t be surprised if harsher federal taxes were instated someday.
It’s important to note that leaving so much wealth to your children can raise new problems for them.
For this reasons alone I think there is a growing trend of wealthy parents choosing not to leave their money to their children.

Well, you did make some really good point here, and yes something like that can happen: you can wake up tomorrow and a lot of things would be changed. But, that’s not enough why you shouldn’t leave an inheritance for your children. You should leave an inheritance, but it is not a must that it should be Bitcoin or cryptocurrency that you’re leaving for them.

First and foremost, you have got to be able to make life better for them even before talking about inheritance. Sometimes an inheritance is not really what someone needs to be better in life, what if the inheritance is not enough? So, the best thing you can do for your children, you better do it while you’re still alive and not when you’re gone.

Hamphser

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Quote from: JayTrain on December 21, 2021, 02:19:41 PM

Quote from: Davidvictorson on September 11, 2021, 09:01:04 AM

An old proverb says “A good man/woman leaves an inheritance to his children's children…”. Since the inception of the world, whenever a person dies, their personal assets like money, possessions and property are either shared as stated in a will or in accordance with the law of succession where the deceased leaves no will. In most cases, the beneficiaries include may their spouse(s)/civil partner, child or children and grandchildren. In other cases, their brothers and sisters, parents or parent, nephews and nieces, favorite charity organization and state (where there is no relative) get to be the beneficiaries.

I recon that in the coming years folks are going to will their wallet seed and passphrases to their family members, their favorite charity, and even their kids unborn. As an investor or crypto trader is this a legacy you would want to leave behind?

of course, any parent here wants the best for their children, including me, so I would leave my wallets first of all to my family and friends, these are children, brothers, sisters, and it would be right, this is how everyone traditionally dedicates, but it's better not to think about the bad.

But thinking about the bad is something that cant be avoided thats why being mindful on leaving out inheritance is something should really be arranged on because you wouldnt know on what would happen next.

Leaving out on what you had worked hard for is something you should be mindful on doing that and wont really make those things comes to waste and would rather be beneficial.

Being selfish wont do anything good so better to share it up and make them aware on how thing works and able for them to access on.

Topic: A good man/woman leaves an inheritance - page 2. (Read 909 times)