Topic: Could inheriting Bitcoin from love ones be that difficult? (Read 646 times)

Bitcoin can be an inheritance for your children and wife as long as you keep it in a secure wallet and key and tell the key to your wife and children, then bitcoin can be enjoyed by your child and wife.

Well the question stands about the difficulties of inheriting bitcoin things that i believe is not as long as the user knows the basic and understand the behavior of one he is inheriting ,because with those combination then surely he can leave the funds in rightful person and he can pass everytime it may given without any regrets from his investments .

Of course I'm not implying not to trust our family members, I'm just saying that whoever has a certain amount of bitcoins should be 100% sure to trust his family. Maybe it's a little sad to say, but there are so many cases where someone got screwed from his own family because of money, so if maybe you've been married for 6 months it's better to wait a little to see if everything works out well. I have friends who divorced after less than 1 year, so...

To be honest, you can expect a lot from bitcoin now. So, I would not hope for a simple solution to the issue.

1. This is the hard part but if you are living on a country which does have neutral views about cryptocurrencies then you could really still made out such decision but of course you cant be
sure on having 100% security your funds while its enclosed those pk's are.

2. This is also the big hindrance whenever you do tend to share up your keys on your loved ones which they could really be having the access anytime once that they had
get a hold of it which it would really put you into hesitation because it could really be used in no time.

This doesn't sound any better than the idea I was replying to above. Rather than just linking an email address, I now have to link my real life identity and my various social media accounts to my bitcoin holdings, opening me up for targeted hacks and $5 wrench attacks. It's a total nightmare for my privacy, and if Facebook decide to lock my account or something then the whole system falls apart and puts my coins at risk.

Create a timelocked transaction, lock it in a safe in your house, and they can access the safe after you die. Trustless and reveals nothing about how many coins you own until after your death.

I would probably not trust a single lawyer to take care of any considerable crypto wealth in the form of handing him or her out the private key. I'd say you should almost always go for a sort of multi-sig solution, whatever that may look like. You need to have at least one backup that exercises some kind of oversight or control function.

Don't know, maybe cut the private key in half and put it into a locker at well-established banks. The lockers can only be accessed by yourself or by someone who is entitled to by law, either because you died or because you authorized someone. As I said before, every solution comes with some pitfalls that are difficult to be accounedt for.

In my opinion there are three ways to setup our inheritance for our family. The first one is to do nothing, then the law says who in our family will get our money and other belongings. It's on them to check our documents and hopefully find the keys to our crypto wallets. In such a case it would be advisable to atleast talk with them before and let them know. If our wealth I considerable then we should definitely engage a lawyer to take care of our affairs. In the second scenario a lawyer would make sure the right people get our crypto money and have all the necessary keys. The third option is much cheaper and still has security, we could rent a bank deposit box and collect all the important information in one place. Like that our family will find all the documents and nothing is lost.

There has been a blockchain startup called Digipulse years ago. They failed (of course, as 99% failed) due to bad cash management and they couldn't ultimately pull off the proposed technological development. What they proposed though was a blockchain based solution that frequently pulls information from various sources in regards to a user's activity level. Example: you set a time interval, say every three months, and if your Facebook account has been dead for that long, the vault opens up and triggers a message in whatever form to someone. I get the general idea behind that, but I wonder how the oracle problem can be solved for various methods (Facebook, Email, Telegram, Mobile, etc.) and how many attack vectors there still might remain.
I guess the problem can't be fully solved. Maybe in the distant future. There are so many variables. What if you choose your wife to be the receiving party and she dies along with you in a car crash?

So all these requirements in regards to predefined parameters to be ending up in a bullet-proof solution just seem to be incredibly complicated.

There is also the problem that the right of inheritance goes far beyond than just the closest loved ones in certain cases. Maybe you don't even want the cousin of a cousin to know you own 10,000 BTC at this point Making sure that that party would reliably receive the keys is probably impossible to be solved without the involved of centralized parties?

It is certainly a hard nut to crack. So I guess it will have to do with the CLTV function in some way, which is also not bad as a potential security backup besides cases of death.

And as you pointed out, time is a huge factor here, although I think that a good solution should also allow for frequent and easy updates to the selected release parameters. If I am not mistaken, the oracle function will always remain of the real issues that need to be resolved.

I don't even know which mobile wallets you're talking about, let alone, as you say, most of them. In any case, what you are describing are not even crypto wallets in the true sense of the word, but some kind of custodial services, like banks. In my opinion, the only way something like this could be possible with a crypto wallet is with a multisig wallet.


In this case, it would be best to prepare detailed instructions that you will store with your paper wallet that will be inherited by someone from your family in case of your death.

There are two things that need to be taken care of before the inheritance of bitcoin may be properly implemented.

1- Bitcoin and cryptocurrencies need to be legal in the country. If the crypto is not legal in your country, how can anyone write a will and get it signed by the authorities containing illegal items.

2- The person who is dead needs to disclose his private key to someone while he is alive. It maybe his wife or anyone very near. Also, if he discloses the private key, there are chances of being misuse of his funds.

What I mean by that, is certain countries depending on where you live have certain laws to do with inheritance, which would still come under play with Bitcoin. Usually, a will or if a will hasn't been written up, next to kin which is usually the partner gets to decide how to distribute everything. I imagine, even if you did it this way, you'd still need a little legal help to make sure no one challenges it. That's my thoughts, although I have to admit I haven't gone through an inheritance, I just know it can become a sticky situation from friends that have gone through the process.

I don't think inheritance in Bitcoin avoids those legal issues.

That's not safe at all.

First of all, you are depending entirely on whichever service you use to do this still functioning well in 10, 20, 50 years' time. If the service disappears in the meantime (which has a high chance of happening), then your email is never sent and your family can never access your coins. You are also depending on the recipient still using the same email address, not having their account locked, the email provider not shutting down, and so on. There are an awful lot of things that can go wrong to mean your email is never delivered.

But even more importantly than that is the security aspect. Using some third party service like this means that they can access whatever information you put in that email. You have no idea how many random strangers might be able to read your instructions about where your seed phrase is hidden, and then use that information to steal your coins. The recipient's email address when combined with the huge amounts of data collected on the average internet user is more than enough to track down an individual and their friends and family.

This methods risks both your coins being stolen and your coins being lost forever. It is not a good method to choose.

This sounds extremely dangerous. You'll have to trust an unknown third party to carry your seed phrase and send it to your family after you pass away. Besides that, you also have to be aware of your family's email provider as they'll know your seed phrase as well.

It's much much safer to hand them out your keys directly instead of messing up with strangers.

Or just avoid the complication by doing what I've said in the first page.

I think it's better to create a program or find a program online that will send an email to your love ones regarding about the seed phrase or private key for them to access your bitcoin wallet once something happened to you, like being deceased because of an accident. It's more safe doing that way rather than giving them your private key while you're alive, it's hassle to make a program like that so there's another way.

For example, leaving clues, and instructions to crack the code they need to figure out your seed phrase, morse code is the best one.

If it is as simple as your family contacting your wallet provider and then your wallet provider sends them all your coins, then your wallet is entirely custodial, your wallet has fully control over all money, you don't actually own any coins whatsoever, and you should move to a new wallet as soon as reasonably possible.

The other family members don't even need to know. If you mix all your coins before you put them in to cold storage, then no one in your family will know how much you have. You could set up a small wallet to be distributed out between various people to keep them happy, and then have the bulk of your funds locked behind a timelocked transaction which only one person knows about. When the time comes, that person can claim the bulk of your stash without anyone else being any the wiser.

You can share the access with someone you love or keep it for yourself because I don't think there is anyway to pass the Bitcoin after we're dead. But in future when we need for that we may have technology for sure so this is a topic need to be addressed then only we may try to find a solution for this.

You'd be surprised. While I haven't seen it in my family, I've seen other families get torn apart by financial stuff. I think it's partly the reason why the legal process of inheritance takes so long, and why it has somewhat high costs associated with it, and not just tax. Only takes one person in the family to challenge what the will/contract says, and you'd have to hash it out. Usually, as long as a legal representative can determine exactly what the contract says, usually you can't dispute too much of it.

I do think Bitcoin inheritance is a little better, since using the locking system reduces the fine print of what a contract would say. Although, I'm not if you would need to get it written down, and witness by a legal representative to prevent other family members from challenging it. Probably, worth consulting someone before doing it.

Most mobile wallets now a days are providing an alternative, which generally helps you to decide who you want to give your wallet to when you die? It might be your family members or your friends does not matter and you have to fill their information correctly and after that just let them know about the wallet company they need to approach in these circumstances.

Other than that I do think it is important to understand that you can also use legal help in this matter, these things would be able to help you legally transfer your paper wallet or your USB after your death and you don't have to tell any of the body involved about it, which is honestly good but then again you cannot expect people to know how to use it and how it would function, for example: if I die, I would rather put someone I trust incharge so that they can encash the smallest amount I might have there and send it to my family since no one actually knows how to use it and therefore for them it would be a futile attempt.

i want to believe that any member of a family who wish to leave anything down for his members will definitely find someone in the family to confide trust with on how to access his keys whenever time places such a need, the exception are those family members whose right and entitlement does not warrant accessing such key, in such case the user intentionally make it difficult to be accessed by the family, sometimes doesn't even want anyone to benefitted from such because of the relationship they had which does not warrant any benefits, I've personally see some people who made it in life all through by themselves without the help of any family and yet don't want to have anything do with then except for his children, wife may be exceptional in some cases.

I do not think so- cryptocurrencies have financial freedom and free from any government control. This is the reason on why it is decentralized in the first place- the only regulation that comes with its transactions are the laws imposed, which I do think hampers such inheritance process.

The best way for BTCs to be inherited is to at least inform your parents or children about it. Create a lock and purchase a safe where it may contain all your wallet addresses, etc. for your love ones to utilize in the time of an untimely death.

I'm not entirely sure, but as far as I know, you can cut out the solicitors to some degree. Your will could just say x decides the fate of the money. Then, the process is handed over to that person, who can then decide how its distributed to the family. I do believe if you don't have a will, the inheritance laws suggest that your civil partner will be the one to determine it.

You would still be required to report it to the tax authorities, since every inheritance is subject to 20% tax I believe. So, it's not like you can just do it all yourself, and not involve another third party.

So, yeah while it probably is easier for escaping some of the fuss, still need to go through some legal processes.

here in the UK, inheritance of fiat is very difficult

with fiat all property, value, goes into 'probate' where its frozen and handled by an administrator/executor, who wants to check on death certificates and also search legal claims of wills and contracts. it is then organised and after a lengthy time then distributed.
you wont get access to funds the same day..

however.. with bitcoin. you just need to have a private key stored somewhere. and then just a way to inform loved ones how to locate it. and its theirs...  family can have access to it within minutes of finding the private key. much more easy then wills , probate and 'executor's/administrators..

if you cant trust your wife/kids. maybe get a divorce and cut your kids out from their inheritance before you die

If you've seen the threads, op, then you've probably seen all sorts of solutions. You can use LockTime as was mentioned in the thread, or you can give an instruction to the person you trust and want to inherit the coins in case of your death. I have a person like that, and we share access to the BTC wallet. In case we both die, there is another person who will likely figure out how to access the coins, and we also can figure out how to access his coins. I think it's okay to make personal arrangements like that, as long as you have someone you can trust. If not, then it's trickier, but really a shame when money is just lost this way after a person dies.

What we're trying to earn every day is for our wife and kids, for our family and not just for ourselves so I think it wouldn't be too much if we shared our secrets with them. I also share everything I hold with my wife, although she doesn't know too much about bitcoin or crypto right now, she knows where I keep the keys and what assets I hold. I think it's a good thing that we share.

If one is really protective of his/her Bitcoin and did not leave any instructions as to how the funds would be redeemed when he/she is gone, it would be very hard for his/her family members to make the recovery.

But for as long as your family is aware that you are into Bitcoin, they must know that somewhere in the house or in your room is a set of information which leads them to your hidden Bitcoin savings.

To a certain extent, this is also how I am keeping my Bitcoin. They know I have Bitcoin. What they don't know is where I stored my seed phrase. But they must know it is somewhere in my little room. It would take them some effort to locate it but they should understand that safety and security matter.

When you are married and you trust your wife or husband, much better to have an organized details of your assets specially when it is in the form of cryptocurrency. Whatever happens, there will be someone who can manage your belongings.

Yep. A CheckSequenceVerify-style timelock allows to get rid of the periodic renewals.

As it was not mentioned in this thread, I take the opportunity to promote again the (imo, very good) approach invented by user Andriian which (s)he has even implemented in a mobile wallet:

1. Create (offline, of course!) a transaction from your cold wallet with two if-else branches, without broadcasting it. The coins can be moved in two forms:

• With your heir's keys, but locked by CSV. Your heir can only use the coins if (s)he waits the time you defined (e.g. one year).
• With your own keys, at any time.

2. You print out this transaction to paper or save it safely digitally and give it to your heirs.
3. If you pass away, the heir can simply broadcast the transaction, and after the timelock expires, they can move the coins to an address they want.
4. If your heir broadcasts the transaction while you still are alive, or someone steals the transaction and broadcasts it, then you can simply transfer the coins to another of your addresses. (And if it was your heir who moved it, you may reconsider if they're really the person worthy of the coins.)

The advantage to the Locktime method is clear: you only need to renew the transaction if you move the coins or if the transaction was broadcasted earlier than expected. There may be minimally more trust involved, but practically your heir doesn't have any incentive to abuse of the transaction, as you always will have time to react if the CSV timelock is long enough.

Not really, as most trust issues can be avoided with the LockTime mechanism. There's some caveats in that plan potentially. If you expect the person you're leaving the coins too, to do harm to you then that's a potential issue or if you leave your coins to someone that you are regularly with, and you happen to have an accident which leads to both of you dying. So, there's definitely things to consider with the LockTime method, but it alleviates some trust issues.

My concern wouldn't be the transferring onto an exchange, and depositing it back into a bank, rather it would be handling the Bitcoin securely up until that point.

I guess another question would be; would she see more benefit of holding it rather than converting to fiat. So, might be worth giving her the run up on why, and how to secure it, plus the potential benefits of holding it instead of fiat, assuming she doesn't already know which she may well do.

Well, I think if only about explaining how to transfer it to another wallet is just as easy, but for you to explain to them what the meaning of this is really takes a lot of time. Transferring that money is the only key and it's their choice to those who inherited the bitcoin if they want to learn from it. You can transfer it without prior knowledge. Just follow the simple instructions that were given to you and you can transfer it (but you should be shadowing your wife/husband or kid/s to transfer it, not videos online).

I recently taught my wife to transfer my bitcoin to our bank and she already knew how to do it in just under an hour.

I think this issue (inheritance difficulty) depends on the trust between the owner and inheritor.  Aside from that, the technical knowledge of the inheritor should be considered.  If there is no problem between the transparency and technical knowledge, then inheriting Bitcoin wouldn't be that difficult.

Wives and children are people we should be able to trust about money. They are the inheritors of all the treasures we will leave behind so it would be fine for me to tell or teach them a bit more about using wallets and making transactions. It makes absolutely no sense to me not to trust them now and in the future about the money or wealth I have even though I haven't fully told them how to actually access the wallet.

I am very positive about my wife and children, they are people I love and care about and whatever we have now is for their sake. So, it is very natural to believe it about any money or assets we have today.

I agree with you, the only way is to completely trust someone, either your wife/husband or kid/s. It's something that must be done little by little, at the end it's not that difficult to access a wallet and move funds but explaining the whole process to someone completely new, well, it's a lot of information, especially because it takes you just one small mistake and you can lose everything.

I haven't done that yet and I don't think that I'm on that part.

But I'm trying to educate them on how to do things like making their own wallets, keeping the seed phrases and almost everything that I know. As for now, they're not interested because I haven't given them a small amount to keep.

Someday, they'll remember that when I'm gone and all the things that I've thought them about wallet creation, how to send and receive and how to import the private keys.

Just simply give the seep phrase to your trusted family member or wife. But of course you need to make sure they already know how to use the wallets or import a seed. Easier that way. I'm curious about that setting a locktime to future date, it must be an option than having a 3rd party.

What I'm worried is  that if you have a kid and the person you gave the seed is not worth trusting after getting your seed.  Your kid doesn't get anything. So its best to prepare for it while you are still alive. 

I don't see this as an issue. The bulk of my coins are in cold storage, and I transact with them maybe once or twice a year. If I'm using a timelocked set up, I probably don't want the timelock much more a year in advance or else my family might be waiting a long time to access my coins, right when they need them the most.

All the more reason to use a timelocked set up.

You can set any time you like to be the maximum amount of time they have to wait, and just invalidate and renew the timelocked transaction a few weeks before the specified date. A year, 6 months, 3 months, whatever you want.

I wouldn't recommend this for a variety of reasons: https://blog.keys.casa/shamirs-secret-sharing-security-shortcomings/

If you want to split and distribute in an m-of-n type system, then multi-sig is superior.

This should be a good option, but there are many other options that can be followed.

Another option is Shamir secret sharing means of encryption. Shamir secret sharing can be used to encrypt a private key, a seed phrase or words, letters or characters that you want to encrypt. Encrypt the seed phrase or private key into M-of-N secrets. Having M shares out of N secrets will construct the encrypted seed phrase or private key.

Another is the use of M-of-N multisig wallet.

But, above all, in this regard, your family needs to know how to go about this, they have to be very conversant with the technical aspects of wallet setup and the right way to go for the recovery.

I tend to agree above that timelock/locktime would be the best alternative solution when you pass away so that your family inherits your Bitcoin.
But the disadvantage is there's no specific time that they can able to use your Bitcoin because it's like a restriction mechanism that you can only spend Bitcoin with a specific date that you can set.  That's the problem there I think.

A private vault with a private key inside might be the best solution to inheriting your asset but you need this to trust them or it's better to find a trusted lawyer for this who will organize your wealth when you were passed away. 

If you've planned for this, it's better to teach them or give them awareness about crypto while it's early, so that it will not be difficult for them when they will inherit your Bitcoin.

Rather than giving them the passphrase to recover the wallet, it is good to educate them the way to access wallets. This will ease the process, and surely they'll look for the paper wallet backing secured on the family vault. I'm not sure about others, I've got a file that is being kept secure on the vault. This file carries every detail about the wallets. So, at any instance one can make use of it after my death in a much easier way.

That is why it's better to teach your loved ones how to access wallets and with the entire crypto market.

It will give them the idea on what they should take care of and what are the essentials that they must do. You're not directly teaching them to inherit your crypto assets.

But you're giving them a new learning about this new fin-tech that everyone must have at least a background of it.

In the case of bitcoin and crypto assets, I don't think it's safe for us to put our trust in strangers"lawyer". I don't know the process and procedures yet, but I find giving the key phrases/keys to outsiders is actually quite risky. I agree with you, I will teach my wife or kids about crypto and then I just give the private key/phrase to my wife. Sharing private keys with others is a very sensitive matter, but sharing with loved ones is still safer than with outsiders.

Perhaps a P2SH timelock or Multisig would be a more suitable alternative, broadcasting transactions and the handling of the data can be a little bulky. It'll be a bit of hassle to spend the coins at the same time because the signed TX would have to be re-generated every time a transaction is made.

I don't believe that there is a perfect way of doing so. There's multisig (ie. 2-of-3) but you'll always have to trust that the last key would only be revealed after your death. Transaction size of Multisig is probably a non-issue but I would have some doubts that certain parties won't collude to steal the funds, even if they are only stated to be revealed after death in the will.

No, there shouldn't be any issue with BTC inheritance, but unless there is a will after a persons death, then it would be down to a countries specific laws, and then we get into the problem of government regulation of crypto, and that's where things get tricky.

There is always the 2 of 4 multisig approach.
You have two the person inheriting has one, and whoever is in charge of your estate has 1.
This way you can always have security to send (since you have 2 of the 4) and the other 2 people can work it out according to your will.
If you know you are dying and just didn't get hit by a bus then you can give the person your keys and it's done.
Just like going to the safe and giving them bags of cash.

-Dave

These kinds of things I thought before and what I did was, the potential heir to my bitcoin or crypto if I die is my wife and as for my children I have taught my wife before how to transact in great detail.
and now if i need some bitcoins to do a transaction my wife does it, and previously there was a discussion for what and if memeng really need my wife to do it.
because my wife and I are both open to each other and need to know it and be able to do it for anything, and it all serves to complement each other.
I mean if when one of us can't do it for some reason, then one of us can do it.

That would then mean you trusting your lawyer with your funds, that is not so much of an easy thing to do especially when the sum involved is a pretty large sum, coupled with the fact the the Bitcoin network is a 'trustless' one, it would of course be much better to 'trust' the network rather than an individual. IMO, it would be better to go with a trustless method, and even if i decide not to, i would rather give my keys/phrase to my spouse and siblings than leave it with someone outside of the family. But having said that, we all come from different families, thus it is still up to every individual to decide how they would want to go about this thing.

Just like the OP has mentioned, I too noticed this has been discussed several times in this forum, and investors are actually worried about this but some of us might not want to go too technical in this regard as @BlackHatCoiner explained and I think a simple sealed instruction with your wallet private keys with your lawyer for the family to be opened after that incident would be easier for some but somehow, this is something to be highly considered.  

Although its quit difficult to trust somebody in this present world. But recently I have started educating my wife about Bitcoin. Before now she taught I was just wasting my time on the forum since she was not seeing any financial benefit. She never knew that I was taking my time to learn and observe from the forum. Just yesterday I enlightened her about wallets. I showed her how much I have and how the market affects my account. I also taught her about passwords and keys. I showed her where I kept the password and keys and told her how to use them in case I am not around. For me she is trustworthy and can handle my finance for the good of the children when I am not around. I just want to make it easy for her because she might not be technically sound to go through any other complex process to retrieve or have access to my wallet.  

It's really a waste when all of your assets will not be benefited by your loved ones after your death because they are the one who is worth having after you passed away. But the question is, how can we prevent such things to happen to our families where they have no idea how to claim our crypto assets? my answer is simple, you need to check first whether any member of your family can keep a secret and the most trustable ones will be the candidate whether you trust to him some partial details about your wallet, or choose to give him full access once you are gone.

That’s interesting they already started working on something like this. Though it feels like they have not made this so called Argent feature out of family to family pass on feature. I still think that writing up the private keys and having back  ups with your close blood relation that is mother father or bro-sis has got no harm at all. Obviously that entirely depends on how your relationships have been. If no trust then just write up the codes with your lawyer in a will and stay safe. With the crypto currency’s gaining value everyone these  days started to posses one so this would be easier in the near future to circulate around the family.

Of course and there is. Behold, steps for trustless inheritance:

• Create a seed phrase for your family.
• Derive an address.
• Create a transaction wherein you pay them the bitcoin.
• Set LockTime equal to a date in the future.
• Sign the transaction.
• Give them your signed transaction and the seed phrase.

If you've passed away before the specified locktime, your family can take the money by broadcasting the transaction once it's valid. If you're alive right before that time, spend the output and go back to step 3.

I don't think there's an alternative to just leaving access to your keys; at least right now. Don't just leave the keys though, probably have a simple written instructions if your brother/mother/wife/etc doesn't know how to import keys into a new device and things like that.

A certain ethereum wallet called Argent has this "social backup" feature that is quite interesting (it's pretty much something like a multisig, but idk how it works at the back-end), but I'm not too much of a fan of.

I have seen so many threads and topics about what happens to our Bitcoin when we are no more and if our Bitcoin asset can be transferred from one generation to the other. This is a serious topic we need to look into maybe we can consider a good alternative that can save us from total lose of our Bitcoin when we are dead. Based on my shallow knowledge on Cryptocurrency, I think If you don’t create a copy of that key and put that key in a safe place where the people that you trust can find it and know what to do with it, then the wealth that you’ve accumulated in crypto is just going to sit there. Could there be an advenaced way to get this done?

The nature of Bitcoin just like other cryptocurrencies that makes it complicated to pass down. Bitcoin is usually stored on the blockchain, a digital ledger that’s formed by a network of computers throughout the world that record transactions, including the exchange of Bitcoin. People usually make these transactions by using public and private keys. Public keys work like bank account numbers, and serve as an address that you can use to send other people crypto. Private keys work like passwords, and are made of unique, extremely long strings of characters that unlock your crypto. Unlike other types of passwords, however, private Bitcoin keys can’t be recovered once they’re lost or forgotten. That means that without those keys, people who are entitled to inherit their loved one’s Bitcoin won’t be able to get it.

We can always pass down assets that we already know and love like car, house, clothes etc and they are handled by law but with Bitcoin, it doesn’t really matter what the law says if you don’t actually have access to transfer those assets because there’s no formalized way to pass down Bitcoin, investors are coming up with their own sometimes bizarre protocols to guarantee that their heirs will get their digital assets. These plans can involve everything from locking their keys in secret lockboxes to hiring professional services to manage their crypto for their successors. But other crypto owners are still struggling with what to do, and have yet to find financial advisers who know much about crypto or who can even direct them to someone who does.

what happens to your Bitcoin later?

Families have been locked out of enormous fortunes because they couldn’t find their loved one’s keys. A man named Michael Moody was unable to unlock the Bitcoin that belonged to his son, Matthew Moody, who died in a plane crash in California. Matthew Moody was an early miner of bitcoin, which means his Bitcoin would be worth a lot of money today.

Technically, nothing. Again, Bitcoin is stored on the blockchain, so there’s a permanent record of it. That means your Bitcoin will exist as long as the blockchain exists, and regardless of whether you’re alive or dead. How your loved ones will be able to use that Bitcoin is a different question, one that largely depends on whether they know about it and if they know how to access it.

https://www.vox.com/recode/22971265/bitcoin-wills-estate-planning-cryptocurrency-nfts-death