Would be interesting to have some kind of decentralized smart-contract for inheritance transfer.
If you could have coins/assets auto-transfer to the address/addresses of loved one or next-of-kin used on the Inheritance-based smart-contract, you wouldn't be needing centralized middle-men.
Such smart-contract could be set to alert the owner occasionally and privately to confirm whether he is alive/dead. Once the owner stops confirming, it broadcast to the rest of the decentralized network(or directly to the next-of-kin) or send some sort SOS signal which would request other members/participants to verify the real status of the owner, with important information that can be auto-mailed to phone number or contacts of the next-of-kin in secure manner. Once death is confirmed by the next-of-kin, transfer is triggered and coin released to the next-of-kin address/addresses
Topic: Do older bitcoin holders have plans in place for their crypto if they pass away? (Read 93 times)
May 24, 2021, 10:52:12 AM
May 24, 2021, 06:59:19 AM
Mine will automatically be transferred to a cryogenic lab where I will be frozen until they can find a cure for my cause of death.
May 24, 2021, 06:42:13 AM
i have my own way of planning were will my bitcoin goes in time of emergency death.
And this will remain between me and my wife and chilren.
Thanks for sharing mate.
And this will remain between me and my wife and chilren.
Thanks for sharing mate.
May 24, 2021, 03:15:24 AM
Read this:
Inheritance Planning for Cryptocurrencies: 3 Steps in 3 Minutes
Also,
https://www.amazon.com/Cryptoasset-Inheritance-Planning-Simple-Owners/dp/1947910116
https://bitcoinundco.com/en/pamela-morgan-inheritance-planning-crypto-assets/
Wow I have not seen these , and great to have seen this now.Inheritance Planning for Cryptocurrencies: 3 Steps in 3 Minutes
Also,
https://www.amazon.com/Cryptoasset-Inheritance-Planning-Simple-Owners/dp/1947910116
https://bitcoinundco.com/en/pamela-morgan-inheritance-planning-crypto-assets/
I have my Wallets ready for my family about my crypto asset but these ideas are more good and will surely add to my plans.
May 23, 2021, 07:42:47 PM
May 23, 2021, 05:05:55 PM
My brother already knows how to use crypto and I always write down all the sensitive information that I use because I am forgetful person,
So if anything happens to me they could easily access all that I have in cryptocurrency.
I don't need anything more they know what to do about it so I don't have any problem regarding to this matter.
I always do this kind of things even before I got into crypto even the accounts that I use for my games back then I always wrote down the username,password and game name or website.
So if anything happens to me they could easily access all that I have in cryptocurrency.
I don't need anything more they know what to do about it so I don't have any problem regarding to this matter.
I always do this kind of things even before I got into crypto even the accounts that I use for my games back then I always wrote down the username,password and game name or website.
May 23, 2021, 04:54:38 AM
Pure curiosity really, I know there are a few older members in the forum and figured surely some have a contingency plan for if the worst happens. If you have one, with as few sensitive details as possible, what is it?
We are talking millions if not billions of dollars here , do you think they will just missed that part?All of them surely has their plans if ever things don't come as what they are planning and someone must take their hard earned currencies .
May 23, 2021, 04:29:42 AM
The question has been addressed in this forum several times before. I am sure that many of those who have large stocks of bitcoin have secured access to those funds in case of sudden death.
A simple way to handle this is to place a seed phrase or private key together with instructions in the security deposit box at your bank.
I wouldn't advise to entrust it to the bank. We know the bankers and they are all in for the money. Even if there is going to be a contract, if you're going to do that.A simple way to handle this is to place a seed phrase or private key together with instructions in the security deposit box at your bank.
Better to just put it to a safety box with instructions or entrust it to an attorney instead which I think is better than the banks or I could be wrong with that so cmiiw.
May 23, 2021, 03:33:09 AM
The question has been addressed in this forum several times before. I am sure that many of those who have large stocks of bitcoin have secured access to those funds in case of sudden death.
A simple way to handle this is to place a seed phrase or private key together with instructions in the security deposit box at your bank.
A simple way to handle this is to place a seed phrase or private key together with instructions in the security deposit box at your bank.
May 22, 2021, 05:44:10 PM
Just tell it to your significant other or closest family member that, this small piece of paper is where our wealth is. That small piece of paper is where your private keys are stored.
Then the rest will depend on you how they'll be able to follow instructions that you'll do in importing the wallet.
Then the rest will depend on you how they'll be able to follow instructions that you'll do in importing the wallet.
May 22, 2021, 10:13:36 AM
Pure curiosity really, I know there are a few older members in the forum and figured surely some have a contingency plan for if the worst happens. If you have one, with as few sensitive details as possible, what is it?
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