Topic: Bitcoin/alts in your will (?) - page 3. (Read 491 times)

With my wife not wanting to hear of any word about "what if...", it's even harder to find a way to do this.
You are lucky, you have somebody in the family that understands crypto. I don't have this luck.

Bitcoin is not even my biggest concern (I'm not rich yet). It's the altcoins, of which some may have a future.
And with so many types of wallets laying around, making a list of coins, files, websites, passwords, would be too big and highly unsafe.

I would be happy to find a very good solution. For now the only one I have in mind is a text file with all the details I can gather, password protect that file and keep it somewhere at hand (USB stick?).
Of course it'll make sense only when she'll accept to talk on the "what if" subject, so I can tell her about the file and password. And actually get to make it.

You can share your passwords and other necessary files with trusted family members. I think it is ok. In other case your criptocurrency could be lost

I have considered it for sure but I haven't gotten around to doing it quite yet don't know why actually. There should be a detailed video explaining how to obtain access into all the different wallets, but then again this doesn't cross my mind because I don't think I am going to die. Of course this could happen to anybody at any moment and therefore we should do our due diligence to protect ourselves no matter how unlikely the scenario. Thanks for bringing this up, I am going to look into ways of securing my crypto for my family now.

My girlfriend of 10 years knows my wallet password & knows where my wallet backups are. I’m early 30’s so ain't writing no will yet. If I die she will be able to sell them in an OTC trade or something.

Many people involved in cryptocurrencies are starting to think also what will happen with their coins in case of their death, is it good to put that in the last will or not, to reveal that fact to their relatives and friends or not. And those who get the coins will they know what to do with them.
Personaly I think this is something you should share with the closest people you trust, because it would be too bad to waste the coins in the case of death.

It is not a bad idea to have someone you trust like a spouse or responsible offspring have an idea where your crypto private keys, pass phrases and/or passwords exist. In my opinion, there is no point dying for example and rendering your crypto portfolio inaccessible and locked up forever, where it could have been put to good use instead.

That will work in most cases.

But O.P you can do a last willing testament if ever anything happens to you the inheritance of your cryptocurrency will be divided to the heir of your choice. You can also specify how much they will be having to eradicate misunderstanding about cyrptocurrency, alternatively the safe is located in your respective bank along with the hardware wallet, paper wallet, or anything with password to access the funds, you can also specify the bank in each heir respectively.

I'm younger than the author, but I thought about it myself. For this I did not invent anything too abstruse, but simply informed all my wallets and passwords to my beloved bride. So if, God forbid, something happens, she knows how to access my crypto accounts.

I've heard of many people writing out a step by step guide for their family members on how to cash out the crypto and where it is all located in case of death. You can store all this info in a bank vault or any secure place that can be transferred to a relative in the event of your death.

I was thinking the other day that if something happened to me and I was unable to speak or was in a coma, some of my BTC and 'alts' may be locked up forever...?

My brother is into cryptos, so he may be able to get into my Ledger Nano S w/the 24 word private key (which he would need to find), but there are other wallets w/pass phrases and keys to get into. He would need to search around for them on my PC, laptop, external HD, thumbdrive....  And if I placed a password to access them in a file, he would never get in...

Do people here have a plan to 'will' their cryptos to their families?  If your parents, brother, sister, etc.. are not technically inclined or do not know anything about BTC, are they even going to gain access to them? (If they even know you have them...)

Accidents happen and you really never know what is going to happen to you each and every day. (I'm >50 and can have a heart attack!)  Well actually I'm in decent shape b/c I'm a cyclist. That being said, I can have a cycling related accident... (both road and mtb for those interested)   

I'll probably end up producing a paper list to give to my brother. It's not really safe to have electronic copies of passwords/private keys lying around and on a PC that you connect on-line...

Ideas?  Do others have access to your crypto stash?