One common approach for btc may be having private keys and addresses written on a piece of paper that is protected inside a safety deposit box for beneficiaries to inherit.
This approach is already targeted inside US Senate Bill 1241, a proposal which would allow the state to confiscate the contents of safety deposit boxes (it specifies crypto) without due process or just cause.
Private keys and addresses located inside a home safe could be a better approach. There is no de facto standard that I know of. Please be aware that legislation is already being drafted to confiscate crypto a person might want to pass on to their family. Also in many areas politicians are calling for hikes to death taxes.
Topic: Bitcoin and Financial planing(making wills etc) (Read 917 times)
Hi,
Built on top of the Ethereum blockchain, Legacy allows you to transfer memories and other digital assets to your loved ones after your death. We have developed a simple and easy-to-use application that allows you to organize your digital assets in capsules. In just a few clicks you create capsules which you can fill with your memories such as letters or videos, your belongings like your house and even your crypto-currencies. Each capsule can be assigned to one or more recipients, and you can add additional conditions upon which the capsules are transmitted.
After the conditions are met, your capsules will automatically be sent by Legacy to their recipients. Thanks to blockchain technology, the capsules are ultra-secure and can be sent several decades after their creation.
https://legacy.network
Built on top of the Ethereum blockchain, Legacy allows you to transfer memories and other digital assets to your loved ones after your death. We have developed a simple and easy-to-use application that allows you to organize your digital assets in capsules. In just a few clicks you create capsules which you can fill with your memories such as letters or videos, your belongings like your house and even your crypto-currencies. Each capsule can be assigned to one or more recipients, and you can add additional conditions upon which the capsules are transmitted.
After the conditions are met, your capsules will automatically be sent by Legacy to their recipients. Thanks to blockchain technology, the capsules are ultra-secure and can be sent several decades after their creation.
https://legacy.network
in the future we will have things attached to our hearts, when they stop beating for 1 week it automatically sends the coins, the devices also connect to the internet. the send signal keeps trying to send for a year, so as long as your body gets to a internet spot you get the coins sent, longer if you take the device out.
yes i made that up in like 2 minutes.
yes i made that up in like 2 minutes.
I have not done extensive searches on this subject in the forum and if it has already been covered I would appreciate being pointed in the right direction. Since investigating and getting bitcoins i really studied the security issues and by using combinations of different approaches read in different places i am confidant my bitcoins are safer than money in a bank...(not counting for a price drop of course)...
Having got my head round muchof this i thought there are surely clever way 's we could implement a will ie how would i ensure that john , mary and pat all received one hundred bitcoins a week after my death...
ie what about the details and security ... how to set up secure timed release emails etc would it be possible without having to trust an intermediary...
i hope some of the guru's on here will put their thinking caps on ...
thanks
Having got my head round muchof this i thought there are surely clever way 's we could implement a will ie how would i ensure that john , mary and pat all received one hundred bitcoins a week after my death...
ie what about the details and security ... how to set up secure timed release emails etc would it be possible without having to trust an intermediary...
i hope some of the guru's on here will put their thinking caps on ...
thanks
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