Topic: What happens to the coins after your death ? - page 9. (Read 2430 times)
I really want to have a wife who has one profession or at least understands about cryptocurrency because I will trust her wallet access for the future of my wife and my son, there is currently no protection agency in losing wallet access, it explains if we lose access, then lose our assets.
In most of the cases when the person dies, his crypto would become useless if his family member do not know about his keys.
I do not usually tell my password or keys to anyone and i know majority of the people don't do this. We are being taught to keep the keys safe.
No one think that one day he will die and in that case, his family won't be able to use those savings (bitcoin/crypto) if they don't know the keys.
Also people won't like to share keys with siblings or wife because they can misuse them . So what could be the solution to this
If you do not want to give your seed words or your private keys to your family members then there are several ways in which you could deal with this, one is to simply give this information on your will so when you die they have access to your coins, another option is to tell them where the keys are stored and only give them the access to those coins once you die by using your lawyer, and yet another option that exists is that you can use time locked transactions to inherit your coins that way.I do not usually tell my password or keys to anyone and i know majority of the people don't do this. We are being taught to keep the keys safe.
No one think that one day he will die and in that case, his family won't be able to use those savings (bitcoin/crypto) if they don't know the keys.
Also people won't like to share keys with siblings or wife because they can misuse them . So what could be the solution to this
In most of the cases when the person dies, his crypto would become useless if his family member do not know about his keys.
I do not usually tell my password or keys to anyone and i know majority of the people don't do this. We are being taught to keep the keys safe.
No one think that one day he will die and in that case, his family won't be able to use those savings (bitcoin/crypto) if they don't know the keys.
Also people won't like to share keys with siblings or wife because they can misuse them . So what could be the solution to this
If you do not want to give your seed words or your private keys to your family members then there are several ways in which you could deal with this, one is to simply give this information on your will so when you die they have access to your coins, another option is to tell them where the keys are stored and only give them the access to those coins once you die by using your lawyer, and yet another option that exists is that you can use time locked transactions to inherit your coins that way. I do not usually tell my password or keys to anyone and i know majority of the people don't do this. We are being taught to keep the keys safe.
No one think that one day he will die and in that case, his family won't be able to use those savings (bitcoin/crypto) if they don't know the keys.
Also people won't like to share keys with siblings or wife because they can misuse them . So what could be the solution to this
One thing I like to do is set up a multi-sig wallet from bitaddress.org. Very trusted site. Turn off the internet before you create a wallet though.
You can set it up to where you have any number of signers for the coins. So for example, if you decide you trust 3 people to have signatures for the address, choose to make it so 2 of them have to provide keys to unlock the bitcoin.
Of course, you have to trust the people that have keys, but usually this works well with a spouse or trusted family members etc.
Very safe in my opinion. And you can use as many signers that you want. You could say 5 of 9 signers have to simultaneously agree to release the coins as well. There is no limit, I don't think. I think you can even do only 3 of the 9 have to sign.
You can set it up to where you have any number of signers for the coins. So for example, if you decide you trust 3 people to have signatures for the address, choose to make it so 2 of them have to provide keys to unlock the bitcoin.
Of course, you have to trust the people that have keys, but usually this works well with a spouse or trusted family members etc.
Very safe in my opinion. And you can use as many signers that you want. You could say 5 of 9 signers have to simultaneously agree to release the coins as well. There is no limit, I don't think. I think you can even do only 3 of the 9 have to sign.
Of course this is not an interesting topic to talk about after our death, of course we have family or relatives and if that happens later then we can give the code to our family who we trust the most.because the coins will also not be lost in our account and can still be continued by our family in the future if he is really interested, or sell it if he doesn't understand the business
Talking about our own mortality makes us stronger so I don't really mind the topic because death is inevitable so why worry about it, just do what you love without harming anyone while you are still alive. For me, I would just probably sell all the bitcoins and cryptocurrencies that I have whenever I feel like deaths coming to me and I will just probably do the inheritance in fiat so no hassles. 
In most of the cases when the person dies, his crypto would become useless if his family member do not know about his keys.
I do not usually tell my password or keys to anyone and i know majority of the people don't do this. We are being taught to keep the keys safe.
No one think that one day he will die and in that case, his family won't be able to use those savings (bitcoin/crypto) if they don't know the keys.
Also people won't like to share keys with siblings or wife because they can misuse them . So what could be the solution to this
I do not usually tell my password or keys to anyone and i know majority of the people don't do this. We are being taught to keep the keys safe.
No one think that one day he will die and in that case, his family won't be able to use those savings (bitcoin/crypto) if they don't know the keys.
Also people won't like to share keys with siblings or wife because they can misuse them . So what could be the solution to this
My simple solution is to just save all your crypto data on a flash disk and give a will to your wife if you die later, but before that you must teach your wife or someone you trust in your will about crypto,
Put in on the will and have your crypto split into equal in parallel to how many people you want to give your crypto in the unfortunate case of your death. Hire a lawyer and have the necessary information written on paper and put into an envelope and entrust it to your lawyer. To everyone who thinks it's crazy, entrusting it to some other person, lawyers especially the high profile ones have a really big reputation to uphold for them to stoop so low like stealing the bitcoin.
It’s definitely up to me to decide 100%. I set up a trust and placed a sealed envelope in my lawyer’s safe for delivery to my heirs. My family knows this and knows what to do when I pass. Many people think this is stupid trusting a lawyer, and this response is likely to be rejected. I believe this is a reasonable way to protect my Bitcoin, and I am happy that someone manages my affairs when I can’t.
Of course this is not an interesting topic to talk about after our death, of course we have family or relatives and if that happens later then we can give the code to our family who we trust the most.because the coins will also not be lost in our account and can still be continued by our family in the future if he is really interested, or sell it if he doesn't understand the business
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It truth we have see and heard about the situation whereby a cryptocurrency investor died and his/her crypto holding was not obtainable by her family which could be a lesson for us all but my own idea about my main holding is saving my hardware wallet with private information in safety deposit box which will obtain by my family after I'm late.
Meanwhile, transaction wallet can only be access by myself so the coin there will be lost forever.
Meanwhile, transaction wallet can only be access by myself so the coin there will be lost forever.
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We are being taught to keep the keys safe.
yes we are but thats only for the peope that we dont know because they could stole the coins in our wallet but for our family we can exclude them to this rule if you are worrying that your coins will get lost if something bad happens to you but if you have a hate for your family or your family hates you ,much better if you keep the keys to your self than your soul wont rest in peace .
In most of the cases when the person dies, his crypto would become useless if his family member do not know about his keys.
I do not usually tell my password or keys to anyone and i know majority of the people don't do this. We are being taught to keep the keys safe.
No one think that one day he will die and in that case, his family won't be able to use those savings (bitcoin/crypto) if they don't know the keys.
Also people won't like to share keys with siblings or wife because they can misuse them . So what could be the solution to this
I do not usually tell my password or keys to anyone and i know majority of the people don't do this. We are being taught to keep the keys safe.
No one think that one day he will die and in that case, his family won't be able to use those savings (bitcoin/crypto) if they don't know the keys.
Also people won't like to share keys with siblings or wife because they can misuse them . So what could be the solution to this
This is bound to happen if they don't give the key to the bitcoin wallet to someone or their family. The bitcoins they have will be lost when they experience sudden death so that they do not have time to inherit their bitcoins to the people they trust to hold the bitcoins.
I myself have given the key to my bitcoin wallet to my wife because I am afraid that my bitcoins will be lost if I die.
If no one has an access in your wallets aside from you then it will stay there forever. Your family cant enjoy what you have left because you're the only one who knows the keys in order to unlock it. Thus if you dont want this to happen, think whom you would like to entrust your crypto just incase.
Worry no more, you'll just need to read these previous topics on how you can create a strategic plan after your death.
What happens to my bitcoin if I die today?
Inheriting Bitcoin
Bitcoin Inheritance Planning
These topics can answer the curiosity you have in your mind about bitcoin after you die. What happens to my bitcoin if I die today?
Inheriting Bitcoin
Bitcoin Inheritance Planning
If you did not tell your family or friends your private key and wallet before your death, there is a high probability that these coins will become dead. I suggest that you can tell someone you trust in advance to manage your wallet after your death , And then entrust all of this to the custodian to open these private key envelopes after you die.
I'd really like another way to recover the coins. It leaves people no choice than sharing the details with someone if youdon't want your coins to vanish for good. This situation is something which is annoying me. But for now, we have no other choice.
In most of the cases when the person dies, his crypto would become useless if his family member do not know about his keys.
I do not usually tell my password or keys to anyone and i know majority of the people don't do this. We are being taught to keep the keys safe.
No one think that one day he will die and in that case, his family won't be able to use those savings (bitcoin/crypto) if they don't know the keys.
Also people won't like to share keys with siblings or wife because they can misuse them . So what could be the solution to this
A will where the person entitled would be able to get the piece of paper or ledger from a safe in an institutional establishment, much like a bank deposit box. Something like this could work, but of course, it would help if you tell somebody you trust where you keep your important files in case something like this happens. You can be over prepared but better that than underpreparedI do not usually tell my password or keys to anyone and i know majority of the people don't do this. We are being taught to keep the keys safe.
No one think that one day he will die and in that case, his family won't be able to use those savings (bitcoin/crypto) if they don't know the keys.
Also people won't like to share keys with siblings or wife because they can misuse them . So what could be the solution to this
With bitcoin too this can be made possible, because to claim the fund of a person the sole right is for his wife/husband and then comes the children. I'm stating this when the person hasn't mentioned anyone is specific as nominee for his holdings.
Therefore, I think that it'd be good to leave it a legacy to someone you love the most at least.
That's what we must do. A person that you're trusting and you've seen how both of you dealt with thick and thin moments. If it's not your lover then it's one of your family, next choice is a close relative and lastly someone who your really trust and had with a long or short friendship but did a lot to you. 
In most of the cases when the person dies, his crypto would become useless if his family member do not know about his keys.
I do not usually tell my password or keys to anyone and i know majority of the people don't do this. We are being taught to keep the keys safe.
No one think that one day he will die and in that case, his family won't be able to use those savings (bitcoin/crypto) if they don't know the keys.
Also people won't like to share keys with siblings or wife because they can misuse them . So what could be the solution to this
You don't want anyone to know your "passwords" or your "keys", then your coins "die" with you. I mean, they are lost forever unless someone somehow finds out the keys. If you would like to pass on your coins, then you will have to share it with someone. Maybe share it with someone that you trust a lot? Make a plan on how to securely transfer your coins to other after your death. I do not usually tell my password or keys to anyone and i know majority of the people don't do this. We are being taught to keep the keys safe.
No one think that one day he will die and in that case, his family won't be able to use those savings (bitcoin/crypto) if they don't know the keys.
Also people won't like to share keys with siblings or wife because they can misuse them . So what could be the solution to this
There's no point if we can't inherit the coins we have after we die, so don't be selfish by not telling the people closest to us about the coins we have.
Because we are not going to live forever, someday we will also die, so it is wise if we prepare everything before we die. I agree the best and most
Bitcoin holders do is to tell the people we trust the most, about the Bitcoins we have and how to access them. Because it is a pity if we have been
collecting Bitcoin for a long time, it turns out that when we die no one can have it.
They are just gone forever unless you give the necessary info to someone. Even if that someone is a family member, he/she should search for it. If they don't find it, then there's nothing else to do about it. Therefore, I think that it'd be good to leave it a legacy to someone you love the most at least.
In most of the cases when the person dies, his crypto would become useless if his family member do not know about his keys.
I do not usually tell my password or keys to anyone and i know majority of the people don't do this. We are being taught to keep the keys safe.
No one think that one day he will die and in that case, his family won't be able to use those savings (bitcoin/crypto) if they don't know the keys.
Also people won't like to share keys with siblings or wife because they can misuse them . So what could be the solution to this
You don't want anyone to know your "passwords" or your "keys", then your coins "die" with you. I mean, they are lost forever unless someone somehow finds out the keys. If you would like to pass on your coins, then you will have to share it with someone. Maybe share it with someone that you trust a lot? Make a plan on how to securely transfer your coins to other after your death. I do not usually tell my password or keys to anyone and i know majority of the people don't do this. We are being taught to keep the keys safe.
No one think that one day he will die and in that case, his family won't be able to use those savings (bitcoin/crypto) if they don't know the keys.
Also people won't like to share keys with siblings or wife because they can misuse them . So what could be the solution to this
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