Topic: A good man/woman leaves an inheritance - page 5. (Read 909 times)
I think that is my legacy to my family, especially for my kids so they can use my legacy for their lives and benefit from that. If we can give them a better life and use it with the right, I think we can leave this world with peace without thinking about how they will survive in the hardest of their lives. But we must prepare them with right and make them understand what we want so they will get in the wrong direction while using our legacy. If we can teach them how to use our legacy by giving them a letter on how to use it, they will be okay and will not have any future problems.
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?
Yes I think this is normal now to think about the generations coming after us. For me my crypto portfolio is not different to my stock or investment fund portfolio. When I die I want my family to divide all of it together. It is normal in our culture to leave something behind. Most of us probably inherited something from our grand parents or parents. It's just fair if we do the same. We can't look into the future, there might be problems in the future that we need a lot of money. In case we become sick and need a lot of help than it could eat up all our savings. If not then we should really leave something behind.
parents should leave an inheritance for their children. This inheritance can consist of property, money in the bank, Gold, Busines, shares, Bitcoin, and cryptocurrency, etc. But remember this thing also that:
1-The poet of the east says خود اپنا نام پیدا کر اگر زندوں میں ہے ؎
"Create your own name if you are in alive"
So children should depend on their ability also. They should have the spirit to do something & step forward.
2-when God created man then and he also created goods of life for him. So any person cannot die until he does eat the all share of food that was created for him.
1-The poet of the east says خود اپنا نام پیدا کر اگر زندوں میں ہے ؎
"Create your own name if you are in alive"
So children should depend on their ability also. They should have the spirit to do something & step forward.
2-when God created man then and he also created goods of life for him. So any person cannot die until he does eat the all share of food that was created for him.
Inheritance for children is not required I think, but if there is it is not a problem, but if you share an inheritance in the form of crypto, I think you need people who understand the world of crypto, and the main problem is that not everyone understands crypto, so my advice is to leave inheritance in the form of fiat money. so that there is no gap between brothers
It is always good to think way ahead in the future and plan things carefully and especially if you are thinking about loved ones and the close people to you, but in the case of bitcoin i think that it is quite difficult to pass it on to someone else if that you are planning to keep things secure, and that is why in my opinion you should always try to make the best of your profits and enjoy them to the best you can because we don't know whne are we going to die or what the future holds for us, or take that money that you get and invested in something tangible or keep it in cash in case you want to pass it on to someone else.
A must thing unless if you are that selfish then you wouldnt really be tending to share up those riches that you had stored but rather choose up that you will much prefer on losing it all rather than benefited by your loved ones.It might sounds dumb but there are actually people who had done this on where being selfish is their main thing and i cant really see that point because nothing beats up the feeling that it do gives when you do know that there's someone could benefit it out and thinking off that you've been trying your best to give them a good life then why wouldnt you able to do so about talking inheritance?
It makes sense to leave BTC as some kind of inheritance, but I would not do it through a will. I think there are far better ways to do it. I have already planned my way of leaving crypto as inheritance and those who I wanted to know have been already noticed about it. At the end of the day, for me the best thing is not having a centralized/untrusted party know about this. I would rather do it my own way. Truth is, as mentioned above, there's no reason not to leave your crypto for future generations since you don't take it into the grave.
We've been living in a society where we worked hard to earn today so that we can have something to leave on our family once we are gone, leaving cryptocurrency especially bitcoin as an inheritance to my loved ones is priceless I mean I would love to do it but one thing that concerns me is the thought that they don't know how to used it or a tech-savvy. SO I guess instead of leaving an asset to them I'll go with teaching them what crypto is and how to earn from it this is what I think would be the best inheritance that I could leave for them.
Educating them is a good start to invite their interest inside this new venue for investment, letting them to understand the good future of this industry is same a like in preparing them if in any case bad things happened to you, they are capable to inherit all those savings that you invest within this market. I fully understand your concern, as I also have the same thought. It makes sense to introduce to them that you are really making decent money by means of crypto investment.
It's hard when they are just starting but once interest triggered, for sure it won't be hard as curiosity will engaged them to this business, and that serves the turning point to bring them to where you want them to learn, everything will be smooth if they already have the right understanding, you can safely give them all the information and if you already gone they will enjoy everything.
It is always good to think way ahead in the future and plan things carefully and especially if you are thinking about loved ones and the close people to you, but in the case of bitcoin i think that it is quite difficult to pass it on to someone else if that you are planning to keep things secure, and that is why in my opinion you should always try to make the best of your profits and enjoy them to the best you can because we don't know whne are we going to die or what the future holds for us, or take that money that you get and invested in something tangible or keep it in cash in case you want to pass it on to someone else.
I get really sad when think about all this. No one is immune from an accident so everyone needs to think in advance about inheritance and the way they’ll leave the heir password and phrase or their crypto possessions will be forever locked in blockchain and no one will have an opportunity to get access to them. Think that the most reliable way is to write the last will and testament and to mention there about crypto wallet and where the heir can find password, privet keys and QR-kod of the wallet (for instance, to hold this in safety deposit box, or somewhere else in very safe place). The other way is to leave some file on flash drive that you never use in hope that the heir will once found it and will deal independently. But this is less reliable way.
Yes, of course, every person has a desire that his children spend a prosperous life after him. His kids do not have to face financial problems after him. He wants to leave a good property in inheritance. This property may be in form of money, gold, land, or in the business. And everyone makes the best effort to facilitate his children.
On the other side, the famous philosopher and poet of the east say "Create your own name if you are alive".
Its meaning is that Every person should have to depend on himself for his spending his life.
On the other side, the famous philosopher and poet of the east say "Create your own name if you are alive".
Its meaning is that Every person should have to depend on himself for his spending his life.
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?
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?
Guess the main reason why people would want to Will their bitcoins is due to the issue of coin getting lost forever when their owners passed on. Too many coins getting lost when their owners passed on not really fair. Would be nice if the Will is default feature on all users wallets any reputable person within the Bitcoin Network can participate in. Once the user stops responding to some sort of signal on the wallet for some times, the coins get released to next-of-kin, and the participant earns some reward.
That is if they have the means to do so, it's not like every person can do that and not everyone knows about crypto yet so when those people knew it, they won't consider leaving inheritance in the first place, some might not even consider because some might die unfortunately without thinking what to do next.
A good and responsible family head, will definitely give any inheritance to his child, either money or bitcoin, because what they are looking for is only for the family, because family is the most important happiness, if I personally will definitely leave my inheritance to my child, later When I am 60 years old, I will give an inheritance to my son, and leave a little treasure for my old age, the rest I will give to my family.
It makes sense to leave BTC as some kind of inheritance, but I would not do it through a will. I think there are far better ways to do it. I have already planned my way of leaving crypto as inheritance and those who I wanted to know have been already noticed about it. At the end of the day, for me the best thing is not having a centralized/untrusted party know about this. I would rather do it my own way. Truth is, as mentioned above, there's no reason not to leave your crypto for future generations since you don't take it into the grave.
We've been living in a society where we worked hard to earn today so that we can have something to leave on our family once we are gone, leaving cryptocurrency especially bitcoin as an inheritance to my loved ones is priceless I mean I would love to do it but one thing that concerns me is the thought that they don't know how to used it or a tech-savvy. SO I guess instead of leaving an asset to them I'll go with teaching them what crypto is and how to earn from it this is what I think would be the best inheritance that I could leave for them.
It's likely to happen in the future. I'm even thinking of it a long time ago on how shall I pass some of my crypto holdings if I pass out. Like the wallet or the seed phrase and I have to at least educate them so that they will not share the phrase with anyone but only with my family and not outside with my first family. A few mbtc will do when the price of bitcoin goes on high and as well as few alts if ever I still have that when I pass out unless I sell them when the price is already high.
Believe me I have tried to teach my family how to recover my coins and I even gave them written instructions and even if I think of them as smart people they kept asking me to make things more simple when in fact there is nothing more simple than bitcoin, I suppose that I will have to wait until bitcoin becomes more popular and they have no choice but to begin to use it and become familiar with it and then try to teach them again once the whole process is more familiar to them.
It would be such a total waste if you do let yourself didnt able to share up your keys for them to at least benefit on what you had put your hard work on.Nothing beats out that they do able to make use
rather than dying without leaving anything that they could make use on.
It's likely to happen in the future. I'm even thinking of it a long time ago on how shall I pass some of my crypto holdings if I pass out. Like the wallet or the seed phrase and I have to at least educate them so that they will not share the phrase with anyone but only with my family and not outside with my first family. A few mbtc will do when the price of bitcoin goes on high and as well as few alts if ever I still have that when I pass out unless I sell them when the price is already high.
Believe me I have tried to teach my family how to recover my coins and I even gave them written instructions and even if I think of them as smart people they kept asking me to make things more simple when in fact there is nothing more simple than bitcoin, I suppose that I will have to wait until bitcoin becomes more popular and they have no choice but to begin to use it and become familiar with it and then try to teach them again once the whole process is more familiar to them.
The only person I would trust with my seed is my father, as he is the one who got me into crypto. I was linking about giving it to him so that if I die, he can get my coins instead of it being locked away for ever.
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?
i think you need to add those in your will hiding in your safes so once you died the lawmaker you assigned will distribute your funds in that sense .
Personally, inheritance is one of the most important things and I think it should be given to people who can be trusted because it can be dangerous if we give our assets to people who cannot be trusted. therefore I started to introduce the crypto world to people around so that if it happened it could be anticipated. actually if we can use it well now of course it will be very profitable in the future and our trusted people can get results from it.
Bitcoins that we collect will be in vain if we die and are not inherited, so when we live we really have to teach our families about Bitcoin.
So our family can understand how to access the Bitcoins we have, after all Bitcoin was created for everyone. So it's better if we educate
people around us about Bitcoin, so we are not the only ones who get benefit from Bitcoin.
Personally, inheritance is one of the most important things and I think it should be given to people who can be trusted because it can be dangerous if we give our assets to people who cannot be trusted. therefore I started to introduce the crypto world to people around so that if it happened it could be anticipated. actually if we can use it well now of course it will be very profitable in the future and our trusted people can get results from it.
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?
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?
Yeah learn to live and not to survive. We have this instinct to live and will do anything for it, remember that after you die the beneficiaries of it is your love one's. Giving passphrase/seed is also like writing your last will. It is better to be used rather than being forgotten for no reason.
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