In event of your death - page 2. | Bitcointalksearch.org

guoyu78

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Quote from: Kevin K on October 11, 2017, 01:37:19 AM

Wow this is pretty morbid stuff but I would honestly if I were you I would make the most of the last moments I have on this world.
I would cash the fk out of those bitcoins right now and go traveling around the world and do all the things
ive ever wanted to do because im a selfish prick.

That is up to you brother. I don’t think so there are so many people who want this too. If you have a family, your kids and your parents then you can’t just decide to have a world tour, while your family is at hungry stage and they are just trying to get proper meals. You must leave your belongings for them so that they can have a better life ahead.

Gotomoon

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Quote from: Kevin K on October 11, 2017, 01:37:19 AM

Wow this is pretty morbid stuff but I would honestly if I were you I would make the most of the last moments I have on this world.
I would cash the fk out of those bitcoins right now and go traveling around the world and do all the things
ive ever wanted to do because im a selfish prick.

I would rather enjoy my life to the fullest because we will never know when is our last end here in the world. I would also love to travel to enjoy life. And with regards to bitcoin let you lawyer handle it and atleast have a testament will for your assets.

fullhdpixel

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Quote from: fishbonez11 on October 11, 2017, 02:52:36 AM

I am also a single person with deceased parents. I have older siblings but we are not that close. I understand your concern regarding who and how to transfer properties to specific people or organization that you want to acquire them in your death. With regards to the money per se, my personal take is to enjoy life with the money that I own. After all, I worked for it and we'll never know when we're going to die so there is no point being frugal with myself. So, with regards to bitcoin, your question got me thinking. I guess I will keep my account and passwords in a safe place and let a trusted friend know about its whereabouts and my desire when I die. Or maybe write a will and still let a lawyer handle it. Just for a crazy idea, why not send emails to your nephews and nieces (if they already have an email address) using LetterMeLater.com containing all necessary information and set the date to 40-50 years from now?

Death is the fortune thing and no body deny its reality, if one have coins in his accounts and he died away and logically there is no person who knows about the private key of the wallet, that will give loss to his remaining so one must share his private key with some trust worthy person so that in time of need his relatives can use those revenue to overcome the financial problems.

fishbonez11

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I am also a single person with deceased parents. I have older siblings but we are not that close. I understand your concern regarding who and how to transfer properties to specific people or organization that you want to acquire them in your death. With regards to the money per se, my personal take is to enjoy life with the money that I own. After all, I worked for it and we'll never know when we're going to die so there is no point being frugal with myself. So, with regards to bitcoin, your question got me thinking. I guess I will keep my account and passwords in a safe place and let a trusted friend know about its whereabouts and my desire when I die. Or maybe write a will and still let a lawyer handle it. Just for a crazy idea, why not send emails to your nephews and nieces (if they already have an email address) using LetterMeLater.com containing all necessary information and set the date to 40-50 years from now?

Kevin K

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Wow this is pretty morbid stuff but I would honestly if I were you I would make the most of the last moments I have on this world.
I would cash the fk out of those bitcoins right now and go traveling around the world and do all the things
ive ever wanted to do because im a selfish prick.

streazight

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Quote from: Nerman on October 08, 2017, 02:24:34 AM

Quote from: CryptosapienZA on June 24, 2017, 09:05:38 AM

I am wondering what provisions have you all made in case you die before cashing out your bitcoins? I am single, live alone and both my parents are deceased. My siblings dont care about any of this, however I would like my nieces and nephews to get some of my profits but they are still very young right now. I dont trust lawyers to give them my private keys. I am wondering, what can I do?

In case of death although you mentioned that your sibling doest not care about cryptocurrency just inform them. For sure if you mention how much your bitcoins and other coins are worth you will get their attention. You may also go to a bank and leave a hardware wallet and just inform them about it in case you die.

Better advice it is, I must say. There are so many people who have bitcoins now and they are dying just keeping their bitcoins along them. They never shared any password or any private key to anyone and then ultimately those bitcoins are just wasted. Like you said, there must be someone to whom you can share your keys or hardware wallet so they your retainers can utilize in hard times.

YTBitcoin

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Quote from: tobs on October 08, 2017, 04:49:43 AM

I've come across such services and projects that somehow are able to encrypt your private key and store it securely, then to decrypt it someone needs to provide official documents that you have passed away. I mean this of course may turn out to be a scam, but if there is a real technology behind it, and you can check out for yourself that this company has no way to decrypt and get to know your keys, this may be a valid option.

Tell your password to some trustworthy person in your circle of influence so that if your family need them after you they may use these coin to overcome bad days and this system should also be implemented by bitcoin administrators at the time of signup server must ask for the second part to involve, so if any loss occur the coin must be given that person to use.

Asawakobana2017

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Quote from: Gunawan82 on June 24, 2017, 12:25:26 PM

I believe with my son and wife
So what to fear with death
They will receive everything..

Well your right we have our family's to be trusted on what we have now. There is nothing to fear because we don't know what is the exact time and exact way we will die. So that we must trust God in our earthly life and to trust in him to all blessing that we receive. Our family is the only one who will receive everything.

innocent93

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Quote from: CryptosapienZA on June 24, 2017, 09:05:38 AM

I am wondering what provisions have you all made in case you die before cashing out your bitcoins? I am single, live alone and both my parents are deceased. My siblings dont care about any of this, however I would like my nieces and nephews to get some of my profits but they are still very young right now. I dont trust lawyers to give them my private keys. I am wondering, what can I do?

This is a big question that you put. Like most of the guys i don't have an answer that could help you, or perhaps... i think that you could make a safe deposit box in a bank on the name of your nesses, and to be sure that the time is not wasted (if you have altcoins) put a high price order on them so the possibility to gain more money when they will be gowned up will be bigger. 10x for the big question

nskendrovic

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In the event of my death I would have given my 12 word seed to someone I loved and trusted and they will be able to recover whatever funds I have that way.

Crafts12

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Quote from: CryptosapienZA on June 24, 2017, 09:05:38 AM

I am wondering what provisions have you all made in case you die before cashing out your bitcoins? I am single, live alone and both my parents are deceased. My siblings dont care about any of this, however I would like my nieces and nephews to get some of my profits but they are still very young right now. I dont trust lawyers to give them my private keys. I am wondering, what can I do?

I suggest to you that if your siblings dont care with any of your digital money you want to give, you can just tell it to them so incase they need money, they can do something about what you are saying. In that way, your bitcoin or your money can still be safe and be spend by your family or relatives.

Lancebellon

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You could set a puzzle or treasure map. Tell your nephews and nieces a story on how to get. Of course they have to be smart enough.

Kompodd

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My girlfriend knows the passwords from my purses and in case of my death she will be able to pick up her coins. Also, I will tell my children my passwords when they are already old enough to use my money.

carlfebz2

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Quote from: TomUyamot on October 08, 2017, 11:29:00 AM

Quote from: CryptosapienZA on June 24, 2017, 09:05:38 AM

I am wondering what provisions have you all made in case you die before cashing out your bitcoins? I am single, live alone and both my parents are deceased. My siblings dont care about any of this, however I would like my nieces and nephews to get some of my profits but they are still very young right now. I dont trust lawyers to give them my private keys. I am wondering, what can I do?

I am not yet thinking of this possibility. I guess you don't have to personally give your private keys to your little nieces and nephews. A little note with instructions and details will do. You just have to store them somewhere very safe. A tiny safe vault is enough for that little piece of paper. How lucky your young relatives must be!

Well possibilities cant really be removed because all of us do really come to a state on where we all died.In his situation hes single and don't have a family he do tend to leave those bitcoins to his nieces and nephews which they are really lucky because they don't have any awareness that there is already a money that awaits for them incase op would die but thinking off that he would still able to make his own family and yet we wont able to know on when we would die.It would either to last 100 years.

TomUyamot

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Quote from: CryptosapienZA on June 24, 2017, 09:05:38 AM

I am wondering what provisions have you all made in case you die before cashing out your bitcoins? I am single, live alone and both my parents are deceased. My siblings dont care about any of this, however I would like my nieces and nephews to get some of my profits but they are still very young right now. I dont trust lawyers to give them my private keys. I am wondering, what can I do?

I am not yet thinking of this possibility. I guess you don't have to personally give your private keys to your little nieces and nephews. A little note with instructions and details will do. You just have to store them somewhere very safe. A tiny safe vault is enough for that little piece of paper. How lucky your young relatives must be!

Heyyyrenz

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The good thing to do about your bitcoin is to store it into paper wallet and save a copy for yourself and for your niece or cousins. Then have a conversation to them that if your gonna leave the world use the paper wallet that you're going to give to them.

Or maybe you can store your bitcoin in different paper wallets and give it to them. Then talk to them that if your gonna die use that paper wallet you've given to them for their education, expenses or whatsoever.

tenakha

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Quote from: pginvest on October 08, 2017, 08:12:19 AM

You could consider using a password manager, like last pass, this has a facility to give someone else access to details in the event that you become uncontactable.

This is actually a pretty serious problem though!

Password manager doesnt hold your private keys.So it is useless in this case.There is a project which promises to keep your private keys somewhere safe place and they will forward to your relatives if they can prove your death legally.Unfortunately i forgot the name of project.

aoihs00

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Quote from: Nerman on October 08, 2017, 02:24:34 AM

Quote from: CryptosapienZA on June 24, 2017, 09:05:38 AM

I am wondering what provisions have you all made in case you die before cashing out your bitcoins? I am single, live alone and both my parents are deceased. My siblings dont care about any of this, however I would like my nieces and nephews to get some of my profits but they are still very young right now. I dont trust lawyers to give them my private keys. I am wondering, what can I do?

In case of death although you mentioned that your sibling doest not care about cryptocurrency just inform them. For sure if you mention how much your bitcoins and other coins are worth you will get their attention. You may also go to a bank and leave a hardware wallet and just inform them about it in case you die.

I think this one sounds fairly nice solution to the ops question. They should put the hardware wallet into banks locker which would be most safe place around. Then as per the bank norms he will have to put the name of nominee in case of the death and the stuff. So easily he can out either siblings name or parents name on the nominee list and give it bank. Then rest is assured I guess. Moreover there will be no question of lawyers and stuff as he will have it clearly stated that value access to be given to those particular siblings and thus they will understand the rest once they see what's inside it. Also do write down thenoruvate keys, pass keys and everything needed to access the wallet and put it alongside the hardware wallet in the bank vault. :-)

pginvest

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You could consider using a password manager, like last pass, this has a facility to give someone else access to details in the event that you become uncontactable.

This is actually a pretty serious problem though!

zidanw

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Quote from: CryptosapienZA on June 24, 2017, 09:05:38 AM

I am wondering what provisions have you all made in case you die before cashing out your bitcoins? I am single, live alone and both my parents are deceased. My siblings dont care about any of this, however I would like my nieces and nephews to get some of my profits but they are still very young right now. I dont trust lawyers to give them my private keys. I am wondering, what can I do?

I have never thought about this even though death can come at any time, If you can not trust anyone even a lawyer, maybe you can take out insurance, I can not think of anything better Shocked

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