Topic: Nobody know tomorrow (Entrust your account to someone else). (Read 484 times)

It is good to hear from you now that there are ways one can transfer his/her bitcoins to family in the event of sudden death, I will also like to be acquainted to some of the ways one can achieve that because nobody knows when he will leave this world since nobody knows when they are going to truly die. I will love to also share those ways with my friends over here as I have friends who wish to transfer their bitcoins to charity organizations when they leave this world.

I know of the conventional banking methods you can use to transfer your funds upon your death and some of them are through writing a will and keeping it updated with the details of your designated beneficiaries or through joint accounts with rights of survivorship where funds are automatically transferred to the surviving account owner as well as tenancy by entirety meaning your funds are available to your married partners and the likes.


When you give me the option of choosing between my wife and my son, I may likely go for my son but that decision will come with conditions. The first condition is that my son will have reached the age of maturity. Second condition will be that, even he have reached maturity age, he have to be responsible enough to handle those finances, a character I will work towards teaching him from childhood especially if I have the plans of handing over my resources to him. Being an adult is one thing, and being responsible and mature enough to handle my wealth is another thing because it takes a lot of discipline to learn how to be financially responsible.

If my son does not reach these conditions, I will prefer to leave my assets to my wife. You may want to ask why I prefered my son first, and it only that my son is legally meant to inherit my wealth and even look after my family including my wife. Whereas my wife can even get married to another man and get my wealth distributed to her new family. However, the understanding between wife and I will greatly determine the decision I will take in this regard.


Person go wan ask, what if one is not married nko, how you for take share your wealth when you die. I go first put my mama make she come first o. Na she I go give the larger percentage of the wealth then my elder brother. Because my elder brother will still try to look after the family as their head after my papa, but I know say even my brother get him own family and he go wan cater for them too.

I go also allocate some percentage to my other siblings too make them too hold something for hand and my popsi make him to hold body well. But honestly the person that will enjoy the larger part of my sweat na my mama oo. My popsi try for me too well well but he's already old and a man of his feet. So, instead of putting him first, I go prefer make my Momsi lavida my money wella. Something wey in the end, na still with popsi she go chop am. But if na popsi I give, him go always wan put plenty of his own responsibility on top the money.

Naso mate, for family try get person you trust and make the person too dey believe you, make him loyal wey be say him go hard to betray you. E fit be your son, mother ,father or wife. Just try build trust. Like in my family I know everything about my younger ones, we share our secret keys to each other. No one go fit betray, our phone password are same thing, we love ourselves so much. E better u dey free with your siblings be open make una fit get bond e go hard to break it . Naso my family dey. The other day I be dey go through my late dad's documents I come see where him write him pin for one saving like that him be they do, naso I login come see plenty money ,I just text the company them invite us, naso we take collect the money. If our fada bin no write the pin keep naso that money for take go. Nobody knows tomorrow always be open to people that you trust.

For u 2 keep ur private key as a secret dey good well well, so dat make hackers no come hack ur account, but di truth bi say, u dey 2day, but u no go dey 2morrow, so,  dey go be a particular person wey u go trust for ur family either na ur wife or ur son, so oo, he go dey very gud make u inform ur wife or ur son about ur bitcoin account, nd anytin wey dey fit 2 know, make u include everytin nd exclude notin, even ur private key nd so on, your life no dey your hand, na him bi di reason y u should trust some1, if u no tell dem, dey no go know, nd if u die na dem go worry most,  na now bi di right time, be4 it should bi 2 late 2 cry wen di head has been cutoff,

U bi billionaire nd u come kick bucket without informing any1 about shares  way u hold, if u no tell ur family make dem know, some1 way no relate 2 u anywhere may  know, but since him no say ur family no, he go come dey reap where him no sow.

na be why them say person most get one trusted person for their family or friends wey you fit tell some kind thing's them, you see about anything investment really need to tell someone about it because nobody knows tomorrow no be say we go die now but still get somebody wey you fit tell something's them. Okay for instance you done invest about $10,000 for your Bitcoin just check how much that money fit benefits you and your family, that's why in bank you most get next of king maybe that man no put anybody as next of king so the bank manager needs to faji the money well. But not only concerning bank things or investment but make we try get person wey we fit tell things for me na my brother know things about me. My account my life him know.

No one knows tomorrow and it is good for telling one person among our family our investment and also let them know how e be in case if we are no more, but it is going to be on a normal and a person that you trust very well in the family, in fact it will be good if you inform your parents about it than your brothers or sisters because some brothers and sisters are very stubborn some might use the opportunity to steal from you and some might even have bad intentions towards you so that he will enjoy your money, this matter wey you just bring about the bank manager don happen to my friend before and to be honest the matter pain all the family because of the matter, my guy papa get money because he be mechanic of tractors and he still Dey do all this farm work, the man get money but after he died nobody knows his password or any bank wey he Dey save money, the bank wey them go get at the end na UBA and when they go the bank show them the details say the man no get money for account, na only some changes and car and houses them get to share, so it will be good make we no too Dey hide things because if we die e don do be that.

Considering it is a family, you have to let someone in your family know what kind of investment you are into. But be careful not to be very specific so that you do not tempt one of your family members who is a greedy person to want to do something bad to you just to have access to the investment you've made. Your trust should not be easily earned.

There are various methods on this forum and even off-forum that have been suggested as ways to transfer your bitcoins to your loved ones in case of a sudden accident that takes your life. Explore these options.

As you talk am na so e be. Nobody know weting go happen today, tomorrow or even next week. Na why anything we they do we need to plan our life seriously so that things no go catch us unaware. Before now ah done they hear discussion for other board about entrusting their Bitcoin portfolio to their heirs. And e get plenty talk wey people talk for there. I wan just share one thing wey i hear for there wey i keep for mind for so long now.

The thing be say no be to just get heirs or entrust your portfolio to person. The question na so the person know weting to do after the thing done enter him hand? I done see people for the country wey be say their papa or mama get better money con die later they come poor because they no fit take care of the wealth wey dem done drop for them.

You dey correct for this talk we you dey talk, but the major problem wey many people get na say den they always talk say no body dey worthy to be trusted but na very bad thing say among everybody wey dey deh close to you, you no fit entrust your investment or account information Incase of say you dey again tomorrow because death is inevitable and some time nobody dey know when edey happen, some people go just sleep den no go wake up to say a word to in people or some time na accident, so emake sense say we try as much as possible to tell our love ones that we feels we can at least give certain level of trust for this kind of situation. make we learn from waitin wey don happened to others.

There have been many topics in the general board on how to pass Bitcoin to heirs and I will recommend you go through the suggestions there. Many suggestions were raised there which can help people see what is possible and what is not as well as the weaknesses of the various ways that one can hand over his Bitcoin to their love ones. The discussion is not actually a conclusive one because as time goes own, there will be improvements in what we have now, meaning there will always be better alternatives hence the need to always engage in such discussions. It is actually a good thing you brought it to our local board too so we see what our fellow countrymen also think.

Using Locktime for inheritance planning, backups or gifts
HOW DO WE TRANSFER BITCOIN WEALTH TO HEIRS AND THE NEXT GENERATION

This matter stew well well. Nobody fit predict the future so as this matter dey like this my own suggestion be say as person wey get investment no be everything naim person dey keep as a secret this kind matter now na to find one trusted person for your life carry your details give am to keep as we talk am nobody knows tomorrow e no good say you go get beta funds for your account and your family members no go know about am.

And some people wey dey say time Neva rich to unveil their investment for their family dey take one very big risk no time is too early when it comes to finance.

Bitcoin will grow to that level in the society when I feel there would be no need to even educate your family and friends around you about and that include you that's having a huge investment in it, I think it will be something that everyone would be aware that a portion of it will be with everyone or even if you don't hold it, the awareness that your spouse or child is having it will be there for certain and it's just a matter of time coming. If you are a holder now I think the ideal idea or purpose is to get huge profits from it so letting someone know like your wife isn't a bad idea especially when you know for sure that we are not really the owners of the life we are living.

Death na one thing wey dey inevitable for life and eh fit happen to anybody at any point in time, that's why everybody need to get one thing for mind wey be say we all go die one day, however concerning this matter eh get wetin I for like suggest but on a second thought i done reason am come see say eh get em own disadvantage but I go still share am. If you notice, when you wan create account for bank, them dey implement next of kin policy wey go warranty person  to choose any of em trusted family members to get access to em money when eh die. Well, wetin I want talk be say, eh go fit dey possible for the Cryptocurrency sector to adopt that policy too in a way wey be say people go include email of their next of kin to Cryptocurrency related platforms especially those ones people dey save and invest with, then the platforms go dey message the next of kin if the owners of the account never login for a long time to check if them done die but the disadvantage be say the next of kin fit lie about am just to get access and claim the money, how una see am?

Op, waiting you dey talk here no be lie ooo because everybody na visitor for this world nobody go live forever and since we don't know how long we go live for this earth we suppose disclose somethings perhaps no be anyhow person we go disclose our important things too cause I believe say before person go die for this world him or her go don get close person I mean person wey go take good care of anything that belongs to the deceased person though sometimes they can be pretending to be nice but we can't tell and this person can be a mother, father, brother, sister, friend, daughter, son or maybe relative but it will be better for someone to enjoy it than for it to waste.

This thing de happen alot and no be for only Nigeria but everywhere. I no know why some people go get money but them no go get at least one person wey dem fit trust for their family now as them don die all the money don waste so and the family members now go de suffer. It’s a very bad practice to not let your family members in on your wealth, even if you don’t trust everyone at least their will be a single person you can’t trust and tell him about your wealth.

I believe almost everyone wey de this forum no go lose guard like that wey dem no go get person wey dem teach about their investment because i can remember similar topic have been discussed before and plenty people don know the dangers of not telling anyone about their investment. Also remember to be careful when choosing someone you trust because you will be telling them everything and also how to access your funds and that will make you vulnerable and if the trusted person is not trustworthy after all then your assets are at risk.

Well for of all you no talk lie and more over wetin we as human beings dey even dey work for? I believe say na to make things and life easy for the people wey we love and our family members so that suffer no go dey again. And in relation to watin you talk, well having a Bitcoin investment wey don yeild up better profit no dey easy and of we con get am then our family maybe wife or pikin no come know about am and we come leave am die, e go too bad because e go be like all your struggles and effort na waste because the people wey supposed enjoy the fruit no actually get access to am and Bitcoin no be something we fit even go claim ownership for bank if the person no get the seed phrase to your wallet so enlightened family member like pikin sef no be bad idea atleast we go get that confidence maybe getting old although I understand the context of it being private but atleast an exception can be made.

Regardless of how the society has made it too deficult to trust people and even those that are our closest relative, It's not right to live a life where you don't trust anyone at all. You've got to learn how to trust someone you can tell somethings knowing that life is unpredictable. If you're a married person, telling your wife and one of your kids about your wealth is the best thing you should do cause for this case, there is no way someone that knows nothing about your Bitcoin holding would be able to retrieve them should anything happen to you. You can't trust your Bitcoin to a third party like what happens when you save up your wealth in the banks and have to ensure that a lawyer can distribute your wealth to your kids and family members you've left behind should anything happen to you. If it's for the case of the banks, it's easy to take a legal action against whoever is trying to deprive the family members access to the funds but that's never going to be possible with investing in Bitcoin and giving a third party access yo your keys. If you're not lucky, they might steal all your holdings before the emergency eventually happen or plan how to terminate your life just so they can have full possession of your asset.

no be lie, we need have a trusted member of the family to disclose our assets to. Person wey you believe say him no go fit betray you atall, person wey no dey do eye's service oh, na person you don over trust you fit tell about your seed pharse or line of business, e go choke you say many person wey Don die on this forum, dey no get any member of their family wey dem teach about forum activities and they dir, the account die too. E no goo like that,  we know say people bad, but have one person wey you dey tell things and teach them ,so tomorrow wen u no dey available him fit run am for you.

Bitcoin na wetin person fit use form generational wealth as na better asset and nothing dey bad to tell family members about valuable asset like bitcoin, even bank details like pin and other details you fit tell the information give your family but this thing na choice something. Every family dey different as some go say they no trust their family but giving such information out to family members no mean say na every family member you go share seed phrase or bitcoin information with. Like I talk before na who you want to inherit your asset and investment you go tell, for me I really support this idea make e be say the investment still continue and as bitcoin dey gain popularity and na still digital currency the future of bitcoin bright, nobody know where bitcoin go dey in the next 10 years time.

To entrust your investment give your family member dey very important because nobody fit predict the future.We dey hear of cases wey wealthy men wey get investment and assets dey die without disclosing any inheritable investment or assets to their relatives,and in such case their family members go dey ravage in poverty while their father/uncle get investment or valuable asset wey fit help matter.And before person go disclose him investment give any of him relative na person wey him trust the most like wife or your child,after that educating the person about Bitcoin nai be next, enlighten the person about and Bitcoin how the Blockchain network works and how to keep seed phrase safe offline and private keys if na hardware wallet.Once an investor don enlighten the person wey him trust about Bitcoin even after the person don die the whole stuff no go dey new and confusing to the trustee.

Na things like dis managers Dey do wey Dey make dem get money be that now, any account wey dem see say e don Dey dormant for some time, dem go start to Dey commot d money small small, na why if person get money for account, details suppose Dey WILL, so that if anything happen to person, Dey go fit know places wey you get money and how dem go take commot those money, make e no come be like say na stranger’s go come chop money wey person suffer work for.

Things like dis no really make sense now, Wetin come be d use say person make money if family members no go enjoy am? Even if you don’t trust people, you suppose get at least one person wey you go tell everywhere wey your money Dey, or make u put am for WILL so that people go fit read am if u no Dey again.