Who owns the bitcoin after someone died? How to state this in the will? Please share your thoughts.
If someone owns bitcoin died he/she must state in his /her will every information needed to open btc account..and leave it to his/her lawyer as persons life seems so unpredictable..
Topic: What will happened to bitcoins after one died? - page 13. (Read 2844 times)
Who owns the bitcoin after someone died? How to state this in the will? Please share your thoughts.
The person must have the key to open his wallet before he dies,that's what his son or the will holder should look for.it's like a mystery movie that must be solved. 
Who owns the bitcoin after someone died? How to state this in the will? Please share your thoughts.
Your bitcoin will be lost forever and that is why it is very important to share your bitcoin information to a very trusted person(s) like your parent if you are still young and your wife if you are already married. Even if no one died but was in emergency situations like involving an accident in which you need a huge amount to save your life, your trusted person(s) will do the transaction in your behalf to easily withdraw your bitcoin and use it for your own good.
You don't need to share your private key(s) with them before you die, though. It sounds like that is what you are implying. In reality, you could leave them in a deposit box in your will, and give your inheritor the key including instructions on how to access the wallet, and retrieve the Bitcoin. It should not be too difficult for them so long as you give thorough instruction.
I have seen an announcement in the alternative cryptocurrencies section that there is an ICO that is pushing hard to promote their project wherein when a bitcoin user dies, there will be the one who inherits the bitcoins he have, though I can't remember what is the name of that ICO.
You Own It
Bitcoin gives you the security that only you can open your address with your private keys and no one else, even in case of emergency when your family needs the money in your absence. They simply can't access it because your everyone knows that one should keep there personal keys as safe as they can.
So life and death being uncertain in life you should always write down the keys somewhere and told your closed and loyal one, so in the case of emergency your hard earned can be used by someone you care.
Exactly. Your all bitcoins and all savings would be worthless if that can’t be used for anyone after you death. So as you said, you must take care of those are loyal to you and your much beloved, your family. What would be profitable if your own family can’t use your earnings after you are no more? So better is to make someone noticed about your passwords and keys. Bitcoin gives you the security that only you can open your address with your private keys and no one else, even in case of emergency when your family needs the money in your absence. They simply can't access it because your everyone knows that one should keep there personal keys as safe as they can.
So life and death being uncertain in life you should always write down the keys somewhere and told your closed and loyal one, so in the case of emergency your hard earned can be used by someone you care.
Who owns the bitcoin after someone died? How to state this in the will? Please share your thoughts.
If you know to yourself that you are going to die of course I think you need to tell your Password, Private key or seed word if there is. It is something like you are inheriting your possessions to your love ones before you die in this world. Who owns the bitcoin after someone died? How to state this in the will? Please share your thoughts.
Your bitcoin will be lost forever and that is why it is very important to share your bitcoin information to a very trusted person(s) like your parent if you are still young and your wife if you are already married. Even if no one died but was in emergency situations like involving an accident in which you need a huge amount to save your life, your trusted person(s) will do the transaction in your behalf to easily withdraw your bitcoin and use it for your own good.
Who owns the bitcoin after someone died? How to state this in the will? Please share your thoughts.
That is a very interesting question that I already ask myself and others, it seems that the bitcoins of the holder that already died will be considered a stagnant bitcoin if he doesn't reserve any form of identification for his/her family and friends to retrieve it especially to those people that died in accidents.
If a Bitcoin owner dies without passing on the private key then there is no one will never gain access to the wealth inside of that specific wallet again.
I hope someday that there is a technology that you can lock it up with yourself when you are alive and you can tell or write your last will testament that will only be enable when you die.
Who owns the bitcoin after someone died? How to state this in the will? Please share your thoughts.
That is a very interesting question that I already ask myself and others, it seems that the bitcoins of the holder that already died will be considered a stagnant bitcoin if he doesn't reserve any form of identification for his/her family and friends to retrieve it especially to those people that died in accidents.
If a Bitcoin owner dies without passing on the private key then there is no one will never gain access to the wealth inside of that specific wallet again.
I hope someday that there is a technology that you can lock it up with yourself when you are alive and you can tell or write your last will testament that will only be enable when you die.
If the owner of the bitcoins leaves behind his email, password and phone number and other login and verification details then his family member or any other person can use the bitcoins of the deceased person.
Who owns the bitcoin after someone died? How to state this in the will? Please share your thoughts.
Well if someone died He/She should secure the security of the wallets and give it to the people or family that he will entrust his coins. He should write down or keep on the USB all the username, password, wallet address, private keys etc. to be able to access by his family or anyone whom he wanted to give the bitcoins.
Who owns the bitcoin after someone died? How to state this in the will? Please share your thoughts.
I'm not sure who owns bitcoin if someone died. Maybe one of their family member or relatives. It is still heritage for someone who owns their bitcoin. Or maybe if I die, I would teach my son on how to do bitcoin for their future. It is better to learn early than late.
If the person will share his bitcoins or just the private keys to the person who can he trust then the bitcoins will continue to live and they will still be in the circulation where the person will sell bitcoin and use the fiat money for his wants and other things that he want to buy like personal needs and so on. It is best to share or tell people that you can trust the instructions on what are the things to do on bitcoin if we died.
If someone die who own a large amount of bitcoin ithink the btc is useless even you rent some hackers to brute force the wallet you cannot open it beacuse every wallet has a privet key to secure or to control the wallet only the owner can manage it .and also maybe the family also knows about it maybe the owner left the private key to their family but they doesn't now how to use it. Cuase even me if i know that i own large amount of money then next days i will be die. I will give my money to my family or the private key .also message how to withdraw all the money inside the wallet. Cuase it will be useless if no one knows about it.
i am also curious to what will happen when too if someone dies without handing his private keys and other personal belongings or bitcoin as well to his/her family or beneficiaries. been also curious to what will happen if your family has no knowledge about it? or how are they going to use it, or maybe they aren't interested? but I am sure they would be interested if that someone who died has a large volume of it.
If he/she died and no one in the family know about bitcoin or don't understand about it, then his bitcoin is lying there in his wallet forever, considered as lost bitcoin until someone find his private key and use it which is unlikely. Teaching family member about bitcoin is a good way to avoid this, then leave your private key in deposit box or something so they can use it after you died. Who owns the bitcoin after someone died? How to state this in the will? Please share your thoughts.
No one if he didn't pass the private keys or his accounts username and password on web wallets if he is storing it there. What will do you mean? Is that the last will? Just state the information needed, importing of private keys write every single detail on a piece of paper or put that in a flash drive. And if he didn't pass it on those coins will be forgotten forever and no one will ever recover that.
Who owns the bitcoin after someone died? How to state this in the will? Please share your thoughts.
If someone will die and has a lot of bitcoin he should atleast saved all the important datas to access all his wallets for safe keeping and entrust it to his hairs kids, brother and sister or any person whom he wanted to leave all his assets. If he died and he did not secure and entrust all the necessary details the bitcoin cannot be used by the people whom he wanted to give it. So better yet keep all the security and entrust to the people whom you think will be your successor.
The same as bitcoin, death cant be predicted, what if a rich wallet owner just died unexpectedly? So it would just be lost in his wallet. And leave to his predecessors how to hack the wallet. It is just not easy to divulge where we put all our passkeys to just anyone. Because from what i see, btc assets can't just easily be tracked because of many codes and any verification in any wallet especially in a private wallet. Because for me i tend to have many wallets and not just store it on one wallet because of some risks.
The security regarding digital wallets could not be questions in such a scenario and the end result would be hacking by some professional and everything would get disappeared at sometime.
You Own It
Bitcoin gives you the security that only you can open your address with your private keys and no one else, even in case of emergency when your family needs the money in your absence. They simply can't access it because your everyone knows that one should keep there personal keys as safe as they can.
So life and death being uncertain in life you should always write down the keys somewhere and told your closed and loyal one, so in the case of emergency your hard earned can be used by someone you care.
Bitcoin gives you the security that only you can open your address with your private keys and no one else, even in case of emergency when your family needs the money in your absence. They simply can't access it because your everyone knows that one should keep there personal keys as safe as they can.
So life and death being uncertain in life you should always write down the keys somewhere and told your closed and loyal one, so in the case of emergency your hard earned can be used by someone you care.
The bitcoins will be forever trapped in the address it is stored in. This is one of the inherent problems with bitcoins and such will be hard to remedy. If you want to give your bitcoins to your loved ones when you die, then it is possible to do it through a will. You have to safely transfer the private key to them through some way that won't expose those sensitive information to anyone else but your loved ones.
When one dies, all his property goes to his next of kin but if he had kept some in the bank unknown or some underground unknown to his people then its wasted for life for the ones in banks outside the reach of his family, its either forfeited to government or some unscrupulous bankers who have gotten the wind that the individual is dead.
The same thing in bitcoin but here what happens is only if someone can hack your wallet, before they can have access to it, otherwise its lost forever and there is nothing anyone can do about. Death will come one way or the other but only a few people are notified of impending deaths. That actually sends us a message and for me, I have a diary where I kept all that relates to my password and pins.
While for bitcoin, I have tried to show a family member the way its being done.
The same thing in bitcoin but here what happens is only if someone can hack your wallet, before they can have access to it, otherwise its lost forever and there is nothing anyone can do about. Death will come one way or the other but only a few people are notified of impending deaths. That actually sends us a message and for me, I have a diary where I kept all that relates to my password and pins.
While for bitcoin, I have tried to show a family member the way its being done.
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