In event of your death - page 7. | Bitcointalksearch.org

que91

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Quote from: jackflag on July 04, 2017, 09:11:18 AM

Quote from: ladydark on July 04, 2017, 06:26:10 AM

Quote from: CryptosapienZA on June 24, 2017, 08:05:38 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?

If your health is now worse,then its a critical issue.The only way i could see is that you can sell your bitcoins for cash and buy some properties in name of your nephews.That idea would work better.

This is really an interesting question, bitcoin ensures the security of our money, so it has absolute security, your relatives must know about your private key to own bitcoin. Otherwise, your bitcoin will be permanently lost.

Haha, if scared that, always ready with death anytime and write a will for your family before it happens. Don't forget teach them how to use private key and using Bitcoin or exchange Bitcoin to FIAT, if not know that, have private key just useless Grin

jackflag

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Quote from: ladydark on July 04, 2017, 06:26:10 AM

Quote from: CryptosapienZA on June 24, 2017, 08:05:38 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?

If your health is now worse,then its a critical issue.The only way i could see is that you can sell your bitcoins for cash and buy some properties in name of your nephews.That idea would work better.

This is really an interesting question, bitcoin ensures the security of our money, so it has absolute security, your relatives must know about your private key to own bitcoin. Otherwise, your bitcoin will be permanently lost.

Harlot

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Well in that case you have nothing left to do, without approaching anyone for your last will and testament after you die your Bitcoins and all of your fortune will be shared by the next of kin which are your siblings. So if you really don't want your siblings to have all of it you must tell it to your lawyer on what to do. Also maybe an alternative step is just donate your Bitcoin to your nephews and nieces if they are in the respective right age. You should be taking care of this about now as it can determine if your Bitcoin will be useless after your death.

tu-co

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Quote

I would just write a will with my lawyer then open a safe with a good bank to keep all my wallet details which are to be disclosed to my lawyer in the presence of my named nephews and nieces and all beneficiaries only when I am deceased. In that way, you should be able to share your profit with no kwams.

AFAIK, there is currently no law that makes it illegal for the lawyer to "steal" those coins, before or after the testator's death (this has been discussed on the forum again and again, "stealing" bitcoins has not been defined legally yet). Unless OP lives in an area where mystic wills are allowed (the will would contain the private keys), even those require three witnesses ready to testify the authenticity of that will which may be a risky proposition as those witnesses may or may not be alive/available at the time of the testator's death.

This problem can be solved by using smart contracts if there is a foolproof, non-tamperable way to digitally record one's death. I can't think of any such way other than, lets say, you not signing into your email account for more than 3 months or whatever you set it at.

jtipt

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Quote from: ladydark on July 04, 2017, 06:26:10 AM

Quote from: CryptosapienZA on June 24, 2017, 08:05:38 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?

If your health is now worse,then its a critical issue.The only way i could see is that you can sell your bitcoins for cash and buy some properties in name of your nephews.That idea would work better.

Yeah that's a rather good idea, that way OP doesn't have to trust anybody with sensitive private keys and also not worry about the volatility of bitcoin. It would be the safest way for his nieces and nephews to inherit OP's BTC wealth.

Palmerson

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Quote from: Vohoanghiep on July 04, 2017, 07:21:37 AM

Quote from: CryptosapienZA on June 24, 2017, 08:05:38 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 think you should use the money you earn to buy property and make a will for them to name. That's an effective way. Besides, you can also ask a trusted person to keep all your keys and wallet, after you die he or she will transfer all of that to the person you want to leave.

I think that in this case, it is to be trusted is not a good idea. Where you have a guarantee that after your death people will be given the keys. The idea of real estate more attractive. You can purchase mining equipment and to leave a legacy. Then your money will work for your family after your death.

Vohoanghiep

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Quote from: CryptosapienZA on June 24, 2017, 08:05:38 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 think you should use the money you earn to buy property and make a will for them to name. That's an effective way. Besides, you can also ask a trusted person to keep all your keys and wallet, after you die he or she will transfer all of that to the person you want to leave.

ladydark

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Quote from: CryptosapienZA on June 24, 2017, 08:05:38 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?

If your health is now worse,then its a critical issue.The only way i could see is that you can sell your bitcoins for cash and buy some properties in name of your nephews.That idea would work better.

White Christmas

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Quote from: Raven91 on June 24, 2017, 09:39:03 AM

In event of my death I consider all the people that I laugh with ,work with and love with. I will surely appreciate people that will come on my funeral and reminisce the moments that I am with them.I will surely remember them.

Yes you are so lucky if you found a friends like them before you get died. In event of my death I want to have a part where my bestfriend will reminisce our craziness. I want those people who are near from be happy on that day even im gone. I cant see them crying cause its like killing myself for the second time around.

toomanygoldy2

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It's good to have someone that can keep your goods in case you die, at least you can rest knowing someone you don't know can't steal what you worked for during life.

Osarman

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Quote from: John Wick on June 27, 2017, 04:54:43 PM

I see some of you point out lawyers but how can I trust a lawyer when the subject is bitcoin? I can't trust a damn lawyer for my bitcoin.

Bitcoin is breaking records now a days you in a future you will allow to hire a lawyer to handle your case according to bitcoin. Don't take it easily take everything serious.Because sometimes the seeing thing is not the same inside which is looking toward. So i will bit you will hire a bitcoin if something happen like that.

Babylon

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Quote from: CryptosapienZA on June 24, 2017, 08:05:38 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?

To be successful in trading or business first you should have knowledge, skills and experience. This will help you to seek and grab opportunities along your way. Also you should've some capital, it's hard to start trading without money. To gain experience you should also talk and ask some experienced traders advice.

Silberman

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Quote from: Netnox on June 26, 2017, 10:52:37 PM

Quote from: CryptosapienZA on June 24, 2017, 08:05:38 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 also facing the same situation. I am not married, and my parents are not tech savvy enough to understand the technology behind Bitcoin. I haven't shared my private keys or wallet backups with anyone, as I am afraid that they will double-cross me and steal my coins. What should I do to make sure that my coins don't go waste?

Maybe you could try to share your seed instead, in a way that no one else would understand, you could underline twelve words in a book in the order in which they appear in your seed and you tell your parents that in that book there is a lot of wealth, you teach them how to recover your wallet with a different seed, maybe you create a video or write the instructions in your will and that way your coins will not be lost.

Hasbro27

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Quote from: CryptosapienZA on June 24, 2017, 08:05:38 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 think it's hard if I'm in your position, because your nephew is underage, I think waiting for your niece is old enough, and praying that you are given a long life, that's my opinion.

Theb

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It is possible for your nieces and nephews to benefit all your Bitcoins in the event of your death if someone knows the password of your Bitcoin Wallet. Because it is the key in order for your heirs to access what is inside of your Wallet Account. Now I don't know the procedures for your lawyer much more the laws involving your country but you must ask a legal assistance of a lawyer in that matter. If you don't want any lawyer involve you can always go straight to your heirs with no problem.

webtricks

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Quote from: CryptosapienZA on June 24, 2017, 08:05:38 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?

Since Bitcoin is unregulated in most of the countries, it is certainly possible that anybody can claim your Bitcoins. I don't think will in this case would work too, you need to give out private keys to your nieces, nephews rest no chances.
I think best for you is to spend BTC and enjoy your life or alternatively let BTC rest in your wallet and forget worrying what would happen to them after your death. Let's them lock for future.

Vaskiy

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Quote from: bitcoinisbest on July 01, 2017, 05:19:45 AM

Quote from: senyap101 on July 01, 2017, 05:16:58 AM

It's really awkward you could have even a slight thought in your head about dying... But just in case you could get your best man or mate to hold on to your assets for you

Its essential to even think on this line because nobody has seen tomorrow. SO you need to plan out things in such a manner that other should be aware about your investment done in any form in financial markets or others and can take it forward from their in case of uncertainty .

Agreed, life is uncertain. None know what happens the next minute, so as the above mate mentioned we need to be active and has plans to profit from our family when something happens. Nothing similar to bank nominee service is found, but we need to teach them and make them use of our hard investment rather than letting it go unused.

bitcoinisbest

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Quote from: senyap101 on July 01, 2017, 05:16:58 AM

It's really awkward you could have even a slight thought in your head about dying... But just in case you could get your best man or mate to hold on to your assets for you

Its essential to even think on this line because nobody has seen tomorrow. SO you need to plan out things in such a manner that other should be aware about your investment done in any form in financial markets or others and can take it forward from their in case of uncertainty .

senyap101

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It's really awkward you could have even a slight thought in your head about dying... But just in case you could get your best man or mate to hold on to your assets for you

Sled

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Quote from: batang_bitcoin on June 30, 2017, 06:56:30 PM

Quote from: CryptosapienZA on June 24, 2017, 08:05:38 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?

Don't trust some lawyers as they are only for the money. But still there are some lawyers that has commitment to their jobs and contract so it's good also if you will have your last will to your nieces and nephews when you die, just give him some instruction and he's the one to explain it when you passed away.

It is still better and safe to just teach those kids about bitcoin instead of trusting a lawyer because you can't be sure if he will do his job in bitcoin, if he will turn over the bitcoins after of your death. Teaching children or teens is not that time consuming and it just need a few hours to make them understand what are you really saying and it will not cost you a lot of money because hiring a lawyer costs at least a few hundred bucks or even higher than that.

Topic: In event of your death - page 7. (Read 6015 times)