Who Controls your Crypto Funds after Death? - page 4.

coin-investor

hero member

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Merit: 614

Leading Crypto Sports Betting & Casino Platform

Quote from: anexxty009 on June 01, 2019, 07:28:54 AM

Funny, strange but yet so real, right?

So if one dies, all the money will get stacked on blockchain and exchanges?

I have about 90% of my funds in crypto and was just wondering over the above?

If you tell your wife, she might kill you and enjoy it with the boyfriend lol &
Hahaha yh and you can't trust even your family....

If they don't kill you probably because they are good siblings...once they know you have much, demand will go high lol

Many will say why not write a will, why not tell a friend etc..

But one needs to do this, I know we all might have our opinions, let's share and see if we can come to a uniform and decentralized solution....

It's better for your loved ones to acquire your cryptos than let the exchange owned it, I don't know why you can't trust your family, your family is the one that will help you and be with you until the end, do not hesitate to give them your inheritance they deserve it, in the eyes of the law and of God your relatives and loved ones deserves your inheritances.

odolvlobo

legendary

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Ultimately, whoever has the private keys controls the coins whether they are alive or dead. If you want someone to gain control of your coins after your death, you must give them access to the keys somehow.

CryptopreneurBrainboss

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eXch.cx - Automatic crypto Swap Exchange.

First you have to enlighten your relatives on what bitcoin/blockchain technology is all about, how to access bitcoin wallet, trade on exchanges etc so when you're gone they don't have to rely on any third party to access their inheritance next you should employed the service of multisig wallet to solve this issue. You should have a special multisig wallet were you keep the bitcoin you intend passing on to your wife and children incase of sudden death.

For example, lets say you decided to make use of a wallet that requires 3 keys to authorise a transaction, you should give one key to your son, another key to your wife and the 3rd key which is yours to hold should as well be attached to your will and willed to the next trusted family member (son or daughter) that's if you have anymore kids but if you dont preferable wife so they can access the fund and how the fund should be shared also has to be stated in the will.

As for coins on exchange, there isn't much you can do as that one is all on you because the community have warned time without numbers, don't store funds on exchange. If you don't own the Private, it isn't your coin. Funds on exchange should just be for quick transactions and if you're to loss those due to death it won't be that much.

davis196

hero member

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Nobody.I want all my crypto funds to be donated for charity purposes after I die.
I will have to talk with a lawyer about this.

masulum

legendary

Activity: 2324

Merit: 1604

hmph..

For me, Wife is the number one person to be got my account. Because, i have a son, so my asset can be for him someday if i die. My parents, it impossible because they not understand technology even to open my laptops Cheesy

I will always believe my family, even if they kill me because i have million dollar (not yet fot today lol), god not sleeping. they will punished them.

anexxty009

jr. member

Activity: 138

Merit: 1

Funny, strange but yet so real, right?

So if one dies, all the money will get stacked on blockchain and exchanges?

I have about 90% of my funds in crypto and was just wondering over the above?

If you tell your wife, she might kill you and enjoy it with the boyfriend lol &
Hahaha yh and you can't trust even your family....

If they don't kill you probably because they are good siblings...once they know you have much, demand will go high lol

Many will say why not write a will, why not tell a friend etc..

But one needs to do this, I know we all might have our opinions, let's share and see if we can come to a uniform and decentralized solution....

Topic: Who Controls your Crypto Funds after Death? - page 4. (Read 1117 times)