Topic: Establishing A Will -With Collectibles In Mind - page 2. (Read 760 times)

I’ve been thinking the same thing with my collectibles. I’ve told my wife where the passphrase, seed words and passwords for my wallets etc are to be found, but not sure about the collectibles, she wouldn’t have a clue.
I’ve been thinking of setting up an alternative account on here, which I would give the details off to her, but unsure how she could prove she is related to me. She wools only activate the account after my death?  I wouldn’t want her getting upset etc with trying to prove who she is.
Any ideas?
Been thinking of some code words to leave with someone on here ?
I know The Collectibles is a highly respected and trustworthy part of the forum , but ? Hopefully it won’t come to this.

if my kids appear on here trying to sell my collectibles please dont rip them off

makes an interesting topic as even if you do manage to pass them  on, whoever is the recipient may want to offload them and for many there isnt a market outside of this forum.

Decent thread. Has been on my mind not long ago as well. However, I'm more annoyed by the lack of widespread availability of proper dead man's switches. A will is not going to be that useful in cases where your security is very high, unless you want it only to cover collectibles or you want to store keys/passphrases in it (which would be a fatal mistake).

Expensive sir, must feed family. When free e-book version?

Yes, good thinking.
It will pay off to be well prepared when the time comes.

Maybe you can have a look at the questions I asked myself and the answers I have found from the community.

[Postmortem crypto plan]: making sure my wife will know what to do!

Interesting topic.  I keep hearing stories of key people dying and the private keys are lost forever.  That is tricky to manage- how to pass those to loved ones who think bitcoin is a what a misguided dog does.

Thanks for sharing this Krogo. I am surprised to even see this was made, but it goes to show how important this is. I am on my soap box w/this one...but I care about everyone's well being and it's part of the reason I got in to the financial industry, to help my friends out.

Great topic Ty!

Came across this book thru a friend awhile back that am sure will answer a few questions

Cryptoasset Inheritance Planning: A Simple Guide for Owners

Edit: added photo

                     

It's definitely a complicated topic and finding an accurate valuation of a whole collection can be difficult. Plus you have to properly classify all the coins, the difference in prices between an error/non-error coin can be staggering and easily overlooked by someone who is unfamiliar with them. I'm not a 100% sure, but I think in the UK you need a solicitor to witness a will before it is valid. I really need to start looking into this properly..

This is something I have wanted to post about for quite some time. With my career being in finance this kind of stuff is always forefront in my mind.  Sadly with the recent loss of one of our own..it was a brutal reminder how short and unexpected life can be and how important being prepared is.

Writing up a Will is mostly pretty easy and painless, and most often does not require a lawyer to establish (unless your estate is crazy BTC Moon status, then..have a pro set it up). Here’s an easy guide to establishing a Will (https://info.legalzoom.com/write-own-will-4007.html).

Why establish a Will? First off, to avoid probate. Die without a Will and the liquidation of your estate will be handled by the court system.  It’s timely, costly, and not how you want your estate handled at death!!  Also, and my main reason for posting this here, we have a very unusual hobby.  How many people do you know outside of here who knows what a Casascius coin is, how to value it, and where to sell it? Probably VERY few, if any. I have established a special section in my Will on how to liquidate my crypto coin collection.  I have two people that I highly trust listed in my Will as contacts to help sell my collection if I were to pass.

I have been told by 2-3 other regulars here that they’ve already done just this.  For those who haven’t, don’t put it off any longer. Be prepared overall, not just for collectibles, but for things like your wallets/addresses/seeds etc.

Disclaimer- This is written from a U.S. perspective. Those outside Murica should do some homework to make sure you’re doing it correctly/legally.  States in the US have some varying rules, so I’d research that as well.

I am going to have one or two of my legal buddies look this over to make sure I’m not missing anything..just FYI. If there’s anything I can do to help, don’t hesitate to ask!