If you don't trust your family members and don't give your private keys to your family members, then even if your family members can inherit your assets, they can't claim your cryptocurrency.
You can inform your family of the private key in advance to avoid any accidents.
Topic: What Happens to Our Bitcoin and Other Assets If We Die? (Read 1621 times)
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~ Currently all my crypto assets are stored in hardware wallet and my wife is the holder of it, I have copied my private key into 3 different copies, my wife keeps 1, my son keeps 1, and one for me. ~I experienced something similar earlier on, and when the individual passed on his accounts could not be accessed, and all the funds in them were locked away forever.
In fact, this question leads one to question family values. How many of our families know about our wallets? Maybe you have a small or very large amount of cryptocurrency. Actually, it doesn't matter the size of your money. Are you investing only for yourself? As in the title, death is a fact and will happen to all of us. Did we take the necessary precautions after we died? Will all our investments be destroyed without the knowledge of our loved ones? We have time to consider them in detail.
It’s quite important to leave them something, and my wife has always known about my bitcoin investment. She may not care about what the price is exactly, because it is clear that it goes up and down and she doesn't check it as commonly as I do, so maybe she has no idea about it at exact rate, but she does know about it for a small margin of error, like 10% give or take most days.That is why it is important to let your loved ones know about it, and that is something that you should at all times do, let them know. Doesn't mean you should go around telling every person that you have money, but it also doesn't mean that you should hide it even from your wife.
Hello guys just don't get me wrong. As we all know that one day we have to die. So for this I was wondering that if we have at east 1 million dollars in cryptocurrency or just couple of buck like me 
and nobody in our family and also friends do not know anything than what should be the possibility.
I think that's the reason still there are millions of BTC that are still missing cause of lost key or dead Bitcoin holders too.
I think we should at least make backup file and should transfer in Bank Safe so that when they receive than they know how to retrieve it.
Still not getting Any merit 😁
and nobody in our family and also friends do not know anything than what should be the possibility. I think that's the reason still there are millions of BTC that are still missing cause of lost key or dead Bitcoin holders too.
I think we should at least make backup file and should transfer in Bank Safe so that when they receive than they know how to retrieve it.
Still not getting Any merit 😁
If you die, most of your coins will be lost. As you can see, there are bitcoins that have no movements on the blockchain. This is either because their owner died or because someone simply held onto it for a long time. It is best to have a backup plan that you will be making or writing your private key on paper, then storing it in a safe, then inform your family or relatives about it, but just say to them that it needs to be open after you die and explain to them that it is very valuable and very important. It could help them in their lives, but don't mention that it is a bitcoin so they will not think of it.
Hello guys just don't get me wrong. As we all know that one day we have to die. So for this I was wondering that if we have at east 1 million dollars in cryptocurrency or just couple of buck like me and nobody in our family and also friends do not know anything than what should be the possibility.
I think that's the reason still there are millions of BTC that are still missing cause of lost key or dead Bitcoin holders too.
I think we should at least make backup file and should transfer in Bank Safe so that when they receive than they know how to retrieve it.
No one knows when we die, we could expect everything is going alright but we never expect unexpected stuff happen during our life. For me personally, I don't really store in this case hoarding Bitcoin or any altcoin at the moment because whenever I got something from crypto, the portion of that asset will send it to my bank account right away for my needs. I might teach my family about it really soon though if they ever encouraged to even try it, otherwise will store it on my bank. and nobody in our family and also friends do not know anything than what should be the possibility. I think that's the reason still there are millions of BTC that are still missing cause of lost key or dead Bitcoin holders too.
I think we should at least make backup file and should transfer in Bank Safe so that when they receive than they know how to retrieve it.
Life is full of surprises so always prepare yourself a plan b. Let's remember that we try to work, try to earn a lot of money for what, is it for the family? I am a married person and what I am holding, I have told my wife and mother even though both still do not understand what bitcoin is. They say it's unnecessary because they don't want to think bad things but I think it's really necessary because I don't want to waste my efforts all these years.
I find it quite surprising to see that many people do not trust their family members, refuse to share with their loved ones, are afraid of people stealing their property. I see that if we are already husband and wife, as brothers, but do not trust each other, a lot of money doesn't mean anything.
It's like stories when someone finds a cache of jewels, and there will always be stories like that, it's normal, because there are those who do not trust anyone. In general, we want to create wealth in order to live life in abundance, so we need to distribute it in such a way that we don’t have to pass on a very large fortune to the next generation (just kidding). You need to trust, otherwise it can turn into a paranoid life...
It is not necessary to pass on wealth to the next generation because if they know we have assets to save, they often rely on it without effort. I am following that lifestyle because I myself have not inherited any of my father's assets and I am confident that I can earn more like my father did. But really if in life we don't trust anyone then we will be lonely all our life and can say that we will never succeed, money lost can be regained but family love can never be bought with money.
Life is full of surprises so always prepare yourself a plan b. Let's remember that we try to work, try to earn a lot of money for what, is it for the family? I am a married person and what I am holding, I have told my wife and mother even though both still do not understand what bitcoin is. They say it's unnecessary because they don't want to think bad things but I think it's really necessary because I don't want to waste my efforts all these years.
I find it quite surprising to see that many people do not trust their family members, refuse to share with their loved ones, are afraid of people stealing their property. I see that if we are already husband and wife, as brothers, but do not trust each other, a lot of money doesn't mean anything.
It's like stories when someone finds a cache of jewels, and there will always be stories like that, it's normal, because there are those who do not trust anyone. In general, we want to create wealth in order to live life in abundance, so we need to distribute it in such a way that we don’t have to pass on a very large fortune to the next generation (just kidding). You need to trust, otherwise it can turn into a paranoid life...
When I die my bitcoins will go to my significant other whoever that is at the time or my children if I have any.
I pity the fool that doesnt prepare for his fate like this and leaves his bitcoins in a wallet, never to be touched again or taken by someone else who some way discovers how to access it.
I pity the fool that doesnt prepare for his fate like this and leaves his bitcoins in a wallet, never to be touched again or taken by someone else who some way discovers how to access it.
Hello guys just don't get me wrong. As we all know that one day we have to die. So for this I was wondering that if we have at east 1 million dollars in cryptocurrency or just couple of buck like me and nobody in our family and also friends do not know anything than what should be the possibility.
I think that's the reason still there are millions of BTC that are still missing cause of lost key or dead Bitcoin holders too.
I think we should at least make backup file and should transfer in Bank Safe so that when they receive than they know how to retrieve it.
Still not getting Any merit 😁
My family doesn't think it's wealth, they object to my daily attention to cryptocurrencies, think I've entered a scam, and if I die, they shouldn't cherish my assets or remember that I hold cryptocurrencies. and nobody in our family and also friends do not know anything than what should be the possibility. I think that's the reason still there are millions of BTC that are still missing cause of lost key or dead Bitcoin holders too.
I think we should at least make backup file and should transfer in Bank Safe so that when they receive than they know how to retrieve it.
Still not getting Any merit 😁
It's very simple. You have to make a will with a lawyer.
Now that I have something in my health ? My mother and Wife will have the full authority of my assets once bad things happens unexpectedly .
we have worked hard from our assets so we are the only one that will decide where this to be settled when were gone.
decide now mate because we cannot withhold our life even if how bad we wanted.
This is the problem we face with trust issue. I think we should allowed one of our siblings know about our coin because nobody knows when he or she we die. The trusted one should have access to our wallet when we are alive incase of necessity.
if we are not married then yes it may better or at least our parents? but if we are already has family then it is our wife and children.Life is full of surprises so always prepare yourself a plan b. Let's remember that we try to work, try to earn a lot of money for what, is it for the family? I am a married person and what I am holding, I have told my wife and mother even though both still do not understand what bitcoin is. They say it's unnecessary because they don't want to think bad things but I think it's really necessary because I don't want to waste my efforts all these years.
I find it quite surprising to see that many people do not trust their family members, refuse to share with their loved ones, are afraid of people stealing their property. I see that if we are already husband and wife, as brothers, but do not trust each other, a lot of money doesn't mean anything.
In fact, this question leads one to question family values. How many of our families know about our wallets? Maybe you have a small or very large amount of cryptocurrency. Actually, it doesn't matter the size of your money. Are you investing only for yourself? As in the title, death is a fact and will happen to all of us. Did we take the necessary precautions after we died? Will all our investments be destroyed without the knowledge of our loved ones? We have time to consider them in detail.
It's very simple. You have to make a will with a lawyer.
Now that I have something in my health ? My mother and Wife will have the full authority of my assets once bad things happens unexpectedly .
we have worked hard from our assets so we are the only one that will decide where this to be settled when were gone.
decide now mate because we cannot withhold our life even if how bad we wanted.
This is the problem we face with trust issue. I think we should allowed one of our siblings know about our coin because nobody knows when he or she we die. The trusted one should have access to our wallet when we are alive incase of necessity.
if we are not married then yes it may better or at least our parents? but if we are already has family then it is our wife and children.Life is full of surprises so always prepare yourself a plan b. Let's remember that we try to work, try to earn a lot of money for what, is it for the family? I am a married person and what I am holding, I have told my wife and mother even though both still do not understand what bitcoin is. They say it's unnecessary because they don't want to think bad things but I think it's really necessary because I don't want to waste my efforts all these years.
I find it quite surprising to see that many people do not trust their family members, refuse to share with their loved ones, are afraid of people stealing their property. I see that if we are already husband and wife, as brothers, but do not trust each other, a lot of money doesn't mean anything.
All my financial assets will belong to my family after I die. They know all about my trading or investing projects.
It's very simple. You have to make a will with a lawyer.
Now that I have something in my health ? My mother and Wife will have the full authority of my assets once bad things happens unexpectedly .
we have worked hard from our assets so we are the only one that will decide where this to be settled when were gone.
decide now mate because we cannot withhold our life even if how bad we wanted.
This is the problem we face with trust issue. I think we should allowed one of our siblings know about our coin because nobody knows when he or she we die. The trusted one should have access to our wallet when we are alive incase of necessity.
if we are not married then yes it may better or at least our parents? but if we are already has family then it is our wife and children.
This is the problem we face with trust issue. I think we should allowed one of our siblings know about our coin because nobody knows when he or she we die. The trusted one should have access to our wallet when we are alive incase of necessity.
It's very simple. You have to make a will with a lawyer.
If a lawyer violates the code of ethics, he is to be the first one can access your Million BTC for himself. you must be thinking to do not just giving up the seed to the lawyer. He is a human who has a mind and feels if gets stuck needs the money asap and doesn't know how to get it, your seed is very easy to access and immensely helps him.giving it completely to the lawyer will surely take the business effect as greediness may take place .
It is good to let people know about your crypto assets but split the access into three. Your lawyer may have a document containing your seed phrase and your wife/children or a trusted ally might know the password. While the wallet name might be documented personally where you keep your files.
If a lawyer violates the code of ethics, he is to be the first one can access your Million BTC for himself. you must be thinking to do not just giving up the seed to the lawyer. He is a human who has a mind and feels if gets stuck needs the money asap and doesn't know how to get it, your seed is very easy to access and immensely helps him.
I think the seed needs to be split to the lawyer and the people you are going to give the funds in case of drying , with this I'm sure there is no one that can take the funds unless they will agreed to each others claim.It's very simple. You have to make a will with a lawyer.
If a lawyer violates the code of ethics, he is to be the first one can access your Million BTC for himself. you must be thinking to do not just giving up the seed to the lawyer. He is a human who has a mind and feels if gets stuck needs the money asap and doesn't know how to get it, your seed is very easy to access and immensely helps him.giving it completely to the lawyer will surely take the business effect as greediness may take place .
What if the lawyer doesn't want to give the rest or he knows it's too big, he will demand a bigger ransom. Once their work ethic is overshadowed by money, they can do anything. One more thing, we always prioritize privacy and will making will ensure our privacy and crypto assets? In my opinion, there is no need for outsiders to interfere in this matter, give it all to the people you trust most in your family. The people you want will inherit your property when you die.
anyway even if there is no interfering from outside ? still this will be complicated if the owner does not trust that big those who will be the beneficiary .
It's very simple. You have to make a will with a lawyer.
If a lawyer violates the code of ethics, he is to be the first one can access your Million BTC for himself. you must be thinking to do not just giving up the seed to the lawyer. He is a human who has a mind and feels if gets stuck needs the money asap and doesn't know how to get it, your seed is very easy to access and immensely helps him.giving it completely to the lawyer will surely take the business effect as greediness may take place .
What if the lawyer doesn't want to give the rest or he knows it's too big, he will demand a bigger ransom. Once their work ethic is overshadowed by money, they can do anything. One more thing, we always prioritize privacy and will making will ensure our privacy and crypto assets? In my opinion, there is no need for outsiders to interfere in this matter, give it all to the people you trust most in your family. The people you want will inherit your property when you die.
They simply die with us if there's no other person that has access to them. In most cases it's pretty obvious that people don't have access to whatever crypto currency we possess because of the safety of these assets, trying to prevent them from being stolen so we choose not to share the access with anyone even to the point of family members. So If no one knows about it then it becomes lost the same way we lose these cryptocurrencies whenever we lose our recovery phrases or any other means of getting them again
There are two different scenarios that could happen when you die. First, if you didn't plan it early, about what your lawyer would do in case you die, your family will never get the assets you had. Second, if you planned it out early, surely your family will get those things that you've left behind. Death is very unpredictable, that's why it's better to sort things out earlier, for your hardwork not to be wasted.
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