Topic: If you die; what will happen to your accounts (Read 8836 times)

I have a fiancee and we are getting married very soon,very trusted partner so i teach her everything she needs to know about crypto and she knows how to get my private keys,don't blame me we've been together for 6 years,i don't trust easily but she is just so different

It will die with me.

An important fact to be discussed on a platform like this..
This is indeed something interesting to think about, even i had thought about this in the past.. and took some precautions as well, which you can find below when you read it in full;

For instance, consider a scenario where you are selling something online (i.e. Digital Goods like me) and the other day you die due to an accident or any kind of sudden death and you never told about your online selling activities/stuff to anyone close to you (not your family or close friend or so), now the online people (i.e. Buyers) around may get pissed off looking at the way you don't respond to their messages or so.. There might be also regular buyers who are dependent on you and counting on you every month for their monthly needs.. this would be frustrating..

Let's say, you might have an online Auto-buy Link/Shop (like Selly or so) where you deliver some digital goods (this could be an automated process or might be delivered to them manually) and some buyers would continue to keep buying Digital Goods (Codes, Accounts, Keys etc.) from your Auto-buy Shop by making the payment using their BTC Wallet and they never get anything in return for what they paid, as the person who should deliver these goods doesn't exist on this planet anymore..

So in the above case, your online auto-buy shop is left open and people still keep paying the money to your bitcoin wallet whereas you don't even exist anymore to do something about this, thus these bitcoins are totally wasted as it's released from the Senders BTC Wallet and it's stays on the Receivers BTC Wallet (who is already dead)
So i feel this is the worst case scenario, until people start to realise the truth.. which may or may-not ever happen..

Now that i have explained the above scenario, i hereby include my plan as below:
For this, a better pre-planning should be applied here.. trust someone and teach them at-least a basic part of these online stuff so that although they may not need to continue to provide these online services on the long journey, at-least they can shutdown all the active online business started by me (considering i'm the one who is dead) in-case i don't exist anymore, to avoid any further sales to happen..

Also, before closing the online services, this trusted person need to check if there are any pending orders that needs to be settled out, such that either the Digital Goods is delivered or the refund for the same can be processed..

Furthermore, the bitcoin wallet balance (if any) can be cash-out from the exchange.. the process for the same should be explained to this trusted person in advance..

This is the exact thing that i have already trained to one of my trusted person..

So, i have covered myself with the Insurance, did you guys do it?
If not, then plan it now before it's too late, as you may never know, what's waiting for you at the very next moment until your heart stops to beat..

Thank you everyone for reading this and have a great time on this wonderful forum.. 

The likelihood that something will happen in the first place with your account, even before you die, is more likely.  Although anything happens in life and everything related to cryptocurrency in most cases goes into oblivion after the death of the owner.

First if you died already how can you plan anymore?  May be if you ask if you going to die not if you died.because if you died already you can not plan anymore.well you asking if Im gonna die and no one know of my account here and dont have family my plan before I die I will put in one note and there will be a message about my account here and teach have a guide on how to open it so that who ever get my note will benefit of my account.if doesnt anyone see this then no one will benefit of my account here.

If I die for sure my account is also die, specially if there's nothing intereted to my family and relatives to understand and adopt virtual digital currency. Hard to convince person to understand all about if didn't interested.

It seems to me that this is the least thing to worry about in such a situation

I have all my accounts wrote down in a small notebook. I hope someone of my families finds it

if I don't say about the Bitcoin to any other person it will be locked in a same place after my death because it is that true also when we don't discuss the process about cryptocurrency to some other person then loan will access your account so it remain the same for a long period of time.

Definitely you will say this type of thing will happen in your life to someone who will be trusted so if you are die suddenly then the trusted person of your life will definitely take care of this type of handling the accounts and wallets.

I agree with you and will try to do it.
She is still very skeptic about Bitcoin but I will try to convince her that bitcoin is great thing.

That's bad, you needed to convince her to learned about this even only those basics just in case things happened, we should secure our
family's future especially if we are really dealing with this industry in a full time manner, those who will going to be left after we leave
this world should also be aware with our crypto assets.

When you die, your former accounts won't be yours any longer. So, if you think that you would like to gift them, plan now. The will idea is a good idea if you don't have anything with siginifigant value. Otherwise, use a trust for things of great value.

Use a simple trust, often called a pure trust. Make one of the beneficiaries to be the trustee. Write the trust up in a way that orders the successor trustee to divide the property as you have designated. You can even use different trusts for different property that you wish to give to various people, with the person as the successor trust of the trust that holds property that will become his on your demise.

If you use a will for larger properties of greater value, much of the property will go to the attorney representing the will... or the State.

Don't use a living or revocable trust. These can be broken by a greedy beneficiary or attorney in the courts.

For some time I think about it and there is no clear answer.
I believe only my wife but she does not care about bitcoin or the Internet and does not want to learn about it.
I don't know, really.

This is one of the reasons why it is very important that you create a will and make instructions on how to retrieve your cryptocurrency or your accounts on various forums exchanges, you can do this by creating a video or you can create a note pad or wordpad or whatever you are comfortable writing and write how to do these things.

No one knows about my accounts,so if ever I die my account will also be die.

but in term of cryptocurrency if ever I erned a lot from here I will teach my wife about this account to heritage my money that I have.

I just found out that Google and Facebook allows you to give access to trustful person in case you do not access your accounts after one year. I think this is a good way to do it. You and this persons will have a notification after 6 months and then after a year they get the access and a last message where you can tell them all they have to check and that they love them and want to share with them your 4233.392 BTC

login details for any exchange / mining pools /  privatekeys / bla bla
encrypted and stored somewhere where no one get it.

:-)
lets wait for quantum computers and the first one who bruteforced
satoshis first hundred blocks ^^

I will record all my account and websites where I can access all of my accounts and save them to a flash disk that can later be accessed by my wife and family. And fortunately, my wife and sister know a little about this stuff.

i have realized that and i share it with my daughter . i hope in future after my death she can