Bitcoin After Death - The Will... - page 3.

Cheap Ass

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Quote from: franky1 on January 06, 2016, 06:05:44 AM

Quote from: sebdude420 on January 06, 2016, 05:58:25 AM

What happens if i amass a fortune in bitcoins and i die. Who will guarantee my fortune is divided among those in my Will?

Who would you trust with your private keys?

obviously multisig it. where each inheritor only has 1 key.. that you give them today and the executor of the Will has a key also.
where only at the execution of the will, would all participants collectively combine the keys to send the funds out

wow that was such a clever answer, would have never thought of that

4by2

newbie

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Quote from: sebdude420 on January 06, 2016, 05:58:25 AM

What happens if i amass a fortune in bitcoins and i die. Who will guarantee my fortune is divided among those in my Will?

Who would you trust with your private keys?

I would print out my will, make it definitive who will receive the Bitcoin, and to prevent any security breaches or anything from the requirement of writing down the private address, I would write it out by hand, if there was enough Bitcoin to leave behind to make it worthwhile.

countryfree

legendary

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Your country may be your worst enemy

There was a topic about this subject a year ago already. Makes me think my situation hasn't changed. If I die tomorrow, my BTC are lost forever. The only people I trust enough to share my wallet with are not computer-savvy and they told me several times I should stay out of BTC. So unless I meet some new people who I could trust and who are interested, nothing will change.

My BTC would just add to the ever growing sum of lost BTC.

Rubberduckie

legendary

Activity: 1442

Merit: 1000

paper wallet them all and put them in a deposit box.

Give the key to your lawyer with instructions. That is what I
would do if I had tons of bitcoin. For the couple bitcoins I have
now I will be taking them with me cause no one knows my info
lol.

sebdude420

sr. member

Activity: 397

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Here is my idea. Ill get a safety deposit box at several banks. Have the banks set my inheritors to all my family members. Then ill place cold storage offline wallets in each of the safety deposit boxes, along with my bars of gold, silver, platinum, and various artifacts. Then I will also leave a DVD video they can watch with me expalining to them how to take the coins out and sell them and instructing them how to divide the money amongst eachother.

How does that sound to you?

NorrisK

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Quote from: franky1 on January 06, 2016, 06:05:44 AM

Quote from: sebdude420 on January 06, 2016, 05:58:25 AM

What happens if i amass a fortune in bitcoins and i die. Who will guarantee my fortune is divided among those in my Will?

Who would you trust with your private keys?

obviously multisig it. where each inheritor only has 1 key.. that you give them today and the executor of the Will has a key also.
where only at the execution of the will, would all participants collectively combine the keys to send the funds out

With the current state bitcoin is in, would you trust those inheritors to keep the keys safe all that time?

Big chance that anyone not fully into bitcoin will have long forgotten the key by the time they inherit your bitcoins.

Mr. Forum

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I do think that the people behind the bitcoin trading have had this as a concern and very sure that there is plan in place that will make things right. Just like banks do, I am sure that there is a department that is set aside to do such like cases. Please do not e afraid of the investment, just make sure that every information you have put on your profile is correct so that we give the people who handle them an easy time when we are no more. It is always a concern for everyone who invests.

equator

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I have got all my wallet address in a folder which is stored in a pendrive and i have everthing written in a paper and all documents are stored in a safe, which only my wife knows about it, so if anything happens to me she will be the next person to touch it. if my son become elder then he will get all the access. because i am doing this to them only if they dont know it then what is the use of this assets.

trafficolaa

legendary

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My coins will be remain stored for forever at this moment it is really hard for me to trust at anyone if die today but maybe tomorrow i will change my mind and would like to share about cold storage with my girl Wink

Bitcoinpro

legendary

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Frankie is an amatuer and their is strong evidence of his links to malicious groups by his actions,

don't listen to him!!!

eternalgloom

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That's something I've been thinking about too.
I think I would just make a document with all my accounts and passwords on and list all of my assets on there, including bitcoins and altcoins.
Everything would be handwritten and kept somewhere only my family and partner know.

Mr.grin

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Activity: 1218

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I did not submit my password to anyone, I just keep it for personal, I always exchange bitcoin me every month or if the price was suitable in my mind, I was just using bitcoin as a tool to supplement my income and I only save money on local banks, but if you need the confidence of people choose someone in your family

aso118

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★Nitrogensports.eu★

If you think one person deserves all your bitcoins, that makes things easy.

Give them access to your private key (if you trust them when you are alive as well)

richardsNY

legendary

Activity: 1232

Merit: 1091

MultiSig. That's simply the best option to give several persons a unique part of the key as franky1 suggested. I wouldn't trust 1 person to hold my private key, but I can see myself giving a few people to hold a part of them. Without all parts there is no way you can unlock the funds.

Alaki

sr. member

Activity: 266

Merit: 250

Quote from: OmegaStarScream on January 06, 2016, 06:15:15 AM

Do you really don't trust anyone ? In that case why would you care for who the money goes ?
I'd personally give them to any of my family members and I would trust them (It doesn't matter how much the amount is) without the need of making multi signature wallet or anything .

I would like do the same but if your family members aren't familiar with bitcoin then..?

Labumi

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I think, this issue depends on your own. If you want to issue this difficult then later settlement was also very difficult and so otherwise.

If you want this problem easily, I have a solution that is:

provide a key to the heir of the Bitcoin can really hold the belief and honestly, after that you addressed to the person to give the keys to the family or the heir of the Bitcoin.

Then all the problems will be over. or you give a petition to your family and you addressed to all families "that the petition should only be opened when you die '

n2004al

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Quote from: sebdude420 on January 06, 2016, 05:58:25 AM

What happens if i amass a fortune in bitcoins and i die. Who will guarantee my fortune is divided among those in my Will?

Who would you trust with your private keys?

It is like all the other wealth which are executed by a notary, trust person or legal person. The probabilities to be stolen are exactly the same. So better to find a girlfriend and leave all the data to her. Or if not possible or desirable this way, to find ten notary and leave all the keys to all of them. Then announce this your decision publicly as well as even all the amount of your bitcoins. Or if not to declare publicly all the amount find other ten notary and put only the amount in a security box in a bank and give the keys of this safety box to all of them. Order the bank to not open this security box if were not all the ten together in the day of the opening (excluding the case of the death of someone of them). So, in others words, complicate at maximum the procedure that needed to steal your coins and the probabilities to not be stolen will be reduced at minimum.

pinoycash

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For me, i will write it on a piece of paper with all the instructions on how to recover the coins and then put it on a safety deposit box. and only my inheritor will have the access in case i accidentally tip on the rock and hit my head Roll Eyes

lottery248

legendary

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beware of your keys.

surely is, however people who are evilness could spend the coins from the legacy. (that's why you are not recommended to ~~use multisig~~ share your wallet to others you don't trust as an insurance if you are dead)
we are never knowing what would happen after we are dead, go without any worries.
you should either donate your coins to needy's or trust your family.

btcprospecter

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★777Coin.com★ Fun BTC Casino!

I feel this all depends on who is going to inherit if it was family I would probably try to set something up with them before something happened however we never know what is round the corner I feel most of us need to have a plan for the future of our bitcoin but as said who do you trust your keys to

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