Topic: Would you include bitcoins in your will (and make it a quest)? - page 2. (Read 2072 times)
I will also inherited my btcoin to my children, I think bitcoin is a very good investment for future better than fiat, but I wont make it as a quest, I will just write a will and then give it to my lawyer, I afraid they not understand the quest and then cant solve it, and then my bitcoin will be locked forever
I think I will just even it out so everyone gets the same amount of bitcoin.
Depending on how much you manage to get before you pass you could have some kind of system where each month you would have a portion of their bitcoin sent to a wallet which you will have already created for them, either way it is definitely something that we all should give some thought to.
Depending on how much you manage to get before you pass you could have some kind of system where each month you would have a portion of their bitcoin sent to a wallet which you will have already created for them, either way it is definitely something that we all should give some thought to.
I will also do the same divide my bitcoin holding fairly and its up to them if they want to use it or hold it. I just hope by that time they already know how to use bitcoin since I am the only one who is using bitcoin as of now in my family though I already informed them about this.
Money is no laughing matter so making it a quest sounds fun but if they don't figure it out then you have wasted everyones time and your money would be gone forever. I don't see a problem with including bitcoin in a will though and when I write one I will seriously consider it, I wouldn't even need to keep the private keys anywhere if I left them on an exchange. I'm pretty sure they would have to abide by the rulings of the will anyway.
its a great idea I recon!
And its something we all should be considering really
especially if there are a lot of coins in the wallet
The next question is how would you go about creating a "trail" for your beneficiaries to follow?
And its something we all should be considering really
especially if there are a lot of coins in the wallet
The next question is how would you go about creating a "trail" for your beneficiaries to follow?
I think I will just even it out so everyone gets the same amount of bitcoin.
Depending on how much you manage to get before you pass you could have some kind of system where each month you would have a portion of their bitcoin sent to a wallet which you will have already created for them, either way it is definitely something that we all should give some thought to.
Depending on how much you manage to get before you pass you could have some kind of system where each month you would have a portion of their bitcoin sent to a wallet which you will have already created for them, either way it is definitely something that we all should give some thought to.
(hypothetically) When I die I'd like my children to have all my bitcoins. So I was thinking of writing a will to give each of them equal amount but to make it more fun I'd hide the keys from my wallet and make it a quest.
Geez, you're already giving me ideas though i'm still young and dont have kids:P
It would be definitely interesting to do that, instead of just giving lump sum payments to them and making them lazy fatasses. I mean to access the bitcoins they'd have to eearn it with their intelligence. If i have multilpe kids then i guess this is a good way to cut the BS, winner takes all because they're smarter than you.
I'm thinking of some sort of puzzle where one clue leads to another and in the end average people just end up giving up. If they do find it though, then they'll definitely hold in their hands or should i say PC the best global currency that has yet been created by man, and it'll positively impact their future for sure.
For me I will state on my will about my bitcoin wallet and keys and that every child I have has an equal share and it is depend on them on how do they used it, if they cash-out all of those or to continuing it and I won't make it a quest for them.
If you do it this way, then I would suggest that you create paper wallets for each of them. This will reduce conflict, when some of them might say that they should hoard and others saying that they should sell. If they have their own paper wallet, then they can do what they want, without the need to get any other siblings approval. You do not want your Will to be the reason of conflict in your family. ^hmmmmm^
(hypothetically) When I die I'd like my children to have all my bitcoins. So I was thinking of writing a will to give each of them equal amount but to make it more fun I'd hide the keys from my wallet and make it a quest.
How old are you right now, mate? If there are still several decades left of your life, we don't know whether bitcoin is still alive at that time. Well, provided it still is, there will be a great actual bounty hunting for your children. I guess it would be much fun. But I think it would also be prudent of you to invest some in actual business. That way, in case bitcoin will perish into thin air when you die, they still have something left.
For me I will state on my will about my bitcoin wallet and keys and that every child I have has an equal share and it is depend on them on how do they used it, if they cash-out all of those or to continuing it and I won't make it a quest for them.
(hypothetically) When I die I'd like my children to have all my bitcoins. So I was thinking of writing a will to give each of them equal amount but to make it more fun I'd hide the keys from my wallet and make it a quest.
Like a treasure map where X marks the spot ? Sounds fun. I also have thought about this. I will do it eventually. Small clues and stuff. Have the private key etched into the wall somewhere private. Just make sure whoever the map is meant for will actually find the bitcoins though. Would be really bad if you went to all that trouble just to lose your whole fortune.
(hypothetically) When I die I'd like my children to have all my bitcoins. So I was thinking of writing a will to give each of them equal amount but to make it more fun I'd hide the keys from my wallet and make it a quest.
Well if ever a have a lot of bitcoin, I would do so, because if ever I won't be able to pass it on to my family if ever I die, all the sleepless night investing and searching for coins would be a waste.
A quest is nice, never thought about it. As they keep growing up, every kid will have a knowledge of something they will never forget and apparently only them knows or I may keep hinting them about things they shold know and never forget. I may just include all those in the quest. At first, maybe let's say I have 2 kids, so I will just open 2 different wallets, fill up the 2 as I want and make sure they are at least familiar with bitcoin so it won't be strange or hard when trying to collect their inheritance. Then I will open 2 different safe in banks if possible and make them the next of kin. I will let them know they can access it only when I'm deceased which the banks would know that too already. Voila! Their first quest starts from there until they are able to find the wallet details that leads to their lovely inheritance.
Gosh! I just finished writing an epistle...
but really why will I go through that stress when I can just put the wallet details in a bank safe for them?
Gosh! I just finished writing an epistle...
but really why will I go through that stress when I can just put the wallet details in a bank safe for them? 
(hypothetically) When I die I'd like my children to have all my bitcoins. So I was thinking of writing a will to give each of them equal amount but to make it more fun I'd hide the keys from my wallet and make it a quest.
This is really a good thinking but here I am thinking quite different from you because it is more better to explain them for the Bitcoin instead of giving them the address of Bitcoin private key , Because if you will teach your children for the Bitcoin that how to deal and how to manage and how to make in wiseful ways then they will be able to use in better ways of the Bitcoin that you will make before the die .If you will ask for the private key then I will suggest you for the print out and then put it at safe place and tell your children how to use it to get in online .
The very reason why we save and hold bitcoin for long is for future , for having a comfortable life so why make it hard for them. That's right to teach them ahead of time if they are capable already in understanding things for are savings not to get wasted.
(hypothetically) When I die I'd like my children to have all my bitcoins. So I was thinking of writing a will to give each of them equal amount but to make it more fun I'd hide the keys from my wallet and make it a quest.
This is really a good thinking but here I am thinking quite different from you because it is more better to explain them for the Bitcoin instead of giving them the address of Bitcoin private key , Because if you will teach your children for the Bitcoin that how to deal and how to manage and how to make in wiseful ways then they will be able to use in better ways of the Bitcoin that you will make before the die .If you will ask for the private key then I will suggest you for the print out and then put it at safe place and tell your children how to use it to get in online .
I would do that for sure if I had enough to give away to special family members. At present I don't really hold much that would be worth considering to put in a will, but if I ever make enough Bitcoin, I will surely do that as our Loved Ones need to be taken care of.
A good smart contract and there is no need for a will, lol. Although it would be a pain to have a scripted TX that checks various places for your death daily. But, you could include a simple task in your will that fires off the entire rest of the payouts. In that case the whole lot of people in your will are paid with Bitcoin. Each person is paid as a part of the output. That is easy.
This idea is only good for film scripts. I don't understand why kids create difficulties. It is much easier to separate these bitcoins to different wallets and leave each of the kids in the will. Who will get your coins if quest is not solved. You need to wondering about you. how about the old senile?
So it would be like treasure hunting and the smarter one will inherit your wealth. Exciting but how about the other family member. Maybe just give everyone bitcoin. Let them create their own wallet. Maybe I will include bitcoins in my last will but not all of it. I will exchange it to fiat then distribute them equally.
Even before Bitcoin arrived I always had a similar plan for my will. I don't own much at all in terms of property (nil) or money (next to nil) but I do "own" quite a bit of... intellectual property? Knowledge anyway. My simple set-up was that my email would send an automated message to some of my closest friends in the event I didn't log in after more than 30 days (a likelihood that I've died).
I suppose there is an element of fun in sending off people in search of inheritance. Perhaps when I finally own my first 1 BTC:)
I suppose there is an element of fun in sending off people in search of inheritance. Perhaps when I finally own my first 1 BTC:)
(hypothetically) When I die I'd like my children to have all my bitcoins. So I was thinking of writing a will to give each of them equal amount but to make it more fun I'd hide the keys from my wallet and make it a quest
I don't see any fun in that
Besides, Bitcoin is not like home where you live and have to stay while you are still overground, so if you are seriously looking for fun, you could run the quest before you are going to kick the bucket finally. In this way, you can enjoy the thrill of the game yourself, share the joy of the victory with your children, brighten up your last days somewhat, and maybe alleviate the pain and misery of your last hours
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