Topic: Leaving Bitcoin as inheritance - page 6. (Read 1772 times)

A lawyer is expensive and I don't have one in wich I trust, bitcoin is diferent of others properties that are attached to my ID number, the government will know about my bitcoins and collect a abusive and unfair tax of inheritance, in my opinion. It is not mandatory use a lawyer and a will to die, if you simple die yours properties will be given to your family. Do not sounds good to go in the direction of lawyers.

Casa has set up a special Bitcoin inheritance plan. You could check it out and learn from what they've already thought of: https://keys.casa/bitcoin-inheritance-plan/

Leaving Bitcoin as inheritance process is more harder than leaving physical properties or fiat as inheritance. Many method has been suggested under this thread and I'll suggest the private keys should be printed and included in will. Or get an hardware wallet, keep it in a secret place like a small vault including the details, then include the hints in your will.

Many has such idea to leave their Bitcoin as an inheritance. In that case you have to have in mind that Bitcoin is volatile and so the value you leave to someone will not be fixed. With time it can become bigger or smaller.
And I think that the best way to do that is to attach the private keys to will, thus they will also be legaly secured and protected from possible abuse in case that you give them directly to person who will inherite your coins.

If you want to give a bitcoin as an inheritance to your family it is better if you do not make too much security progress to your account because some of them does not know what you are doing at the same time they did not know all the things you are stating on the account and they need to ask other people to do this instead. I'm suggesting it is better if you withdraw those funds immediately so they can use but if you don't want and just stay into the bitcoin it is better if you give already the wallet username and password to your wallet so they can immediately use your bitcoin funds. If you still have some time it is better to teach them immediately because they have some insights on how does the transaction of the bitcoin works it depends on your if you will before you die or let them explore the transactions before they'll get your funds.

This has been discussed multiple times in the past op. Check these threads out.

https://bitcointalksearch.org/topic/bitcoin-inheritance-planning-5097720
https://bitcointalksearch.org/topic/inheriting-bitcoin-5194028
https://bitcointalksearch.org/topic/how-bitcoin-inheritance-can-be-achieved-5106560

Its fairly simple really. Just store your crypto in a hardware or paper wallet(Powerful encryption) and share the complete password with people who you fully trust.

I love the idea of a mechanism making sure that there should be proper and proven way of delivering Bitcoin as an inheritance in case something will happen bad to its original owner. I understand that there are some platforms offering such services though I am not sure if they are really safe and will deliver according to their promises. This is actually interesting.

that doesn't add any kind of security, either reveal the whole password or none of it. partial password is only adding more problems than solving anything.

inheritance should not be through keys in my opinion, instead it should be through transactions. something like this idea: https://bitcointalksearch.org/topic/using-locktime-for-inheritance-planning-backups-or-gifts-5180850
that way you remain in full control of your own funds and the transaction can only be mined (and the funds claimed) if you pass away and can't renew the tx and receiving key.

If I die, my family can use my death certificate to rescue all my money from bank and appropriate all my posses.

But not bitcoin, I was thinking about how to leave bitcoins as inheritence in a safe way, minimizing risks of be stolen by my own family (still if I trust my family, they can store improperly the keys and be stolen, or forced to deliver).

The perfect solution, in my opinion, is a mechanism whithout intervention that reveal my keys to my family, this could be done if I do not access some service for a month, or if I don't store some stuff in the blockchain for a month or ... I don't know a solution. And only my family could access my keys, possibly they have keys that allow then to access my keys.

An good solution could be some artifact, like a file, that I can send to my family, or left it stored online and thar artifact could reveal my keys only to my family.

My basic ideia is:
1 - Encript the keys with your password, but must be a very strong password, resilient to brute force atack.
2 - Print the encripted keys in paper or some more durable medium and store securely in your home.
3 - Reveal to your family a limited set of characters with wich they can sucefuly find the password using brute force, in a short time.
4 - If you die, your family must get into your home/safe box, get the encripted keys and use the characters to perform a brute force atack in order to get the keys.

Does anyone have think about leaving bitcoin as inheritance? Is there already some solution to this? Thoughts?

Remind, Covid-19 is over here.