Bitcoin Forum

Maybe some of you just think about investing money and gaining/enjoying profits, but I always think about death  :'(

After I read a recent news article, who couldn't get their son's cryptocurrencies after their son's death,

I am now thinking about what should I do to give my cryptocurrencies to my family after my death?

Give me some suggestions!!!

Im all ears!!

 

This is a very valid issue, and one that needs to be addressed by everyone dealing in crypto. We need a plan that specially includes security, ease of accessibility, a valid knowledge base, and potential assistance. These are just pointers, around which a concrete plan, paperwork, and chain linking each requirement needs organized.

This is definitely a far away problem for most. Who knows what crypto will be like in 50 years?

But I have thought about this too, and I would definitely give over my private keys on a piece of paper to my children.

Actually cryptocurrencies are totally a good assets, that's why all of us are prepare to give cryptocurrencies to our family. As a wide idea, just even if we are alive and living with our family and friends, we must teach them and share our knowledge on how to used and accessed cryptocurrencies. So, if we die, the chain of knowledge in crypto will continue.

If you have a big amount of money invested in crypto I think the best way actually is to do a Twitter tutorial with your password And keys And store it in a dare place ( bank, etc...)

I was thinking about this after my father's severe brain injury. "What if it happened to me?" question comes to mind. I personally did write all my wallet passwords onto paper. Yes, real white paper isolated and hidden in house. I told it to 1 of my friends and mum. That's gonna work I guess.

That will work I guess!

But I was also thinking about writing a will with lawyer, but the problem is I can't believe lawyer when it comes to cryptocurrencies   :o

maybe I Will save all information about my cryptocurrency in a cloud drive, and then give it all information how to access this into my familly. or maybe print in a papper wallet, at least I need to teach my familly to know more about cryptocurrency.

thanks for posting something like this, you make me aware about this things.

Write a mf wills letter and gave it to your lawyer, just like any other legacy you should writedown your privatekey to some piece of paper or print the QR code. If you dont have any lawyer or else you should make your kid or family member to understant cryptocurrency world it self. how if you die and left that pk but none of your family member know how to use that pk, what a waste right ?

the name of the treasure is not brought to death, better each we get our producers give a little profit that we get to the family and to others who need

On a more serious note, you are on point and you have opened the understanding of so many to this crucial topic. I had a discussion of something related to this with a friend and to be candid, the best way to go about it is to will all the security details to your children and your wife if you are a man. This can be done, not by writing in black and white alone, but buy storing every bit of information in a database. Encode the data base with a password, then give that single password to them.

 i think we should keep a record of all he currencies we own and their possible values, wallet passwords along with other investment and keep them in a safety deposit box in a bank vault with clear instructions on who it should pass to in case we die. this way the investment is not only safe but we are also guaranteed that it will pass on to our loved ones.

In my opinion, when we invest in this market, we need to take care of the reliability of our coins, but so that after death our family could dispose of my coins, it is necessary to draw up and certify a will in a notary and to give it to relatives after my death

I already have a solution for that as i had this topic in my head earlier.
The way i found was that all of my passwords, private keys, bitcoin addreses that i ever used, in short everything i ever used in this crypto world, I've printed information of every damn thing in a diary. The way is, whenever i create a new exchange account or a new wallet address, i store all the information from my username to master seed separately in my pendrive and when there is enough information to fill a complete page, i print it out and stick it in my diary. And I keep the diary in my safe and no one knows about it and they'll eventually get to know when they go through my things after I'm gone forever!

I was recently thinking about this myself.

So I sat my partner down (she has no idea how to access wallets etc) and had a chat. I explained where all the important pieces she will need to access my accounts are and told her to contact a close friend of ours (Who knows crypto and how to access wallets) to open my wallet and transfer money she needs.

It was the only way I could think of for now to know my children will have access to it.

This is a very good point. As my brother was the reason for me to get into crypto as he's been around for three years now and knows the in-and-out, I have shared with him my private key from the beginning but now I saw this post, I think I'll have to share also my exchange access with someone from the family. It is true that you never know what would happen in your life and good to be prepared.

Its really one of the sensible question asked in thread even i thought about that . Recently i decide to make one crypto asset file and keep it in my file book where all my certificates holding . Atleast they will check these files for sure .

Solid question - If you have a big money invests in crypto-coins I would reccomend making a tutorial video with your passwords and keys and keep it somewhere safe!

putting narration and information into a special disc.
I also store this box with other special items.             
Before I informed my family that I had to kill

Its sounds like good idea but if they are not knowing about crypto currency how to use it . Then it will be piece of paper . Better to write complete summary and value of asset your holding as well as in future prediction . Again how long you will be creating these kind of letters.

This is possible to hand over your private key to a family member who know Cryptocurrency but will always be a problem,other family members will not benefit from this struggle if the one been handed to is a greedy person. 

Exactly like that, give your child some basic education about blockchain and how it work. left your important private invormation somewhere save but still accessible when you pass away.

I think I already read something like this topic before here in the forum but let me answer or give you suggestions regarding the topic. If there is life therefore there is death and that is what we are going to prepare and that is also where we are going either we like it or not. Same as having centralized assets, we can also make a last will with our cryptocurrency funds  either do it now or later. But the safest thing to do it would be teaching our love one's on how it works and how they can use it for a living. Giving them the private key and of course education about crypto is enough for them to have our personal assets.

If you have hardware wallet you are keeping all your token then my suggestion is that you should let your son to know the pin to unlock your hardware so you can pass it on to your kid. Sensitize your kid about your holdings and cryptocurrency at large.

Thats great idea @Tamango.Because they are too small too learn now and if we dont have somebody to trust than the best way is too do some kind of a video tutorial and keep it on usb

I've already given instructions to family members (really close ones) how to retrive and sell my crypto holdings if i suddently die. For them it would be lifechanging money, so i had to ensure that they wont be sitting on an adress nobody can access.

Keep your family (the ones u trust) informed!!!

i am ready about this,i have written some note in ledger telling about what.is crypto and what i have insde this,plus i have talked with my sons about the important of this then i made a video that im explaining everything all i have and what will im having in future,together with the ledger is my passwords connecting them to all my wallets and the funds inside this.same as to my exchange sites.this is how i prepare about death

All human beings will, of course, experience death, but their rightful possessions and possessions are the descendants of the heirs.

The best option is prepare something like testament with instruction how working cryptocurrency, and how start invest in it. Some informations which help your family start

I think our credentials in our account is best thing to prepare and inform our love ones about this and prepare them and teach them about this crypto currencies. Money can be gone or used empty and cannot be continued but accounts and knowledge about this crypto currencies will be continued. Thats it, you should train your family on how to do it and that is the best way to prepare for your family if your done.

Rent a bank cell. There, put the passwords for access, possibly in different banks. There also describe specific instructions how to withdraw money, where to go, what to press, how to sell, where to look.
Make a will and specify in the will this bank cell.
You can say to relatives that you have a cell and a will. But do not say that there.
I think that's enough.

For me the best option for me i think before we die i can give her for my family everything ofcourse on my partner i can tell about in my cryptocurrencies

A clearly stated will with wallet  passwords and instructions on who is to inherit what should be just fine. this will should be stored in a safety deposit box accessed only after you die, this wil ensure that your investment doesn't go to waste after you are gone.

Probably you can put your privatekeys in a safe place or you can give the half of the private keys to your love ones,and get a tattoo artist and put it in your butt so before you die tell them to add your tattoo to the half of the keys they had a long time ago,so they can retrieve all of your money using the privatekeys.

My opinion is you can write down all your keys into a notebook and put it in a safety box or make a file on your computer so when the time comes that you die your family can track all your money that you kept in your wallet but i am hoping that there's one family members of yours have an idea about crypto so he/she can understand all the things you write.

There are a couple of projects such as DigiPulse, SafeHaven wich decide the problem of crypto assets inheritance

I got nothing right now although I should prepare some sort of guide that helps them. I did hear about an ICO that just came out or is about to and there thing is that they prepare your death will and hold on to it. Not sure how the ICO actually functions but the idea behind it was definitely cool.

Simply, give them your private keys but be sure that you will give it with all of your hearts. You can also put the printed paper of your private key in a vault wherein your family can look at in case you are died.

This sounds good,putting have of your private keys in your body and another half in your love ones,so no one can get your cryptocurrencies if you are still alive,this would be the perfect way to give your privatekeys when you know you will die soon,but lets hope that there will be a better way for the events like this.

A person may make a notary verified document where all the necessary information will be placed. Or just give the family a sheet of paper with keys and instructions.

We should be getting our privatekeys in a safepace and put some letter together with your keys in case that you have passed away they will still get your cryptocurrencies.Because we will never know when will we die,because only god knows that.So its better to say than sorry,we can keep our keys with our most precious valuable thing in life so our family will surely see the keys.

You should keep the private key of your wallet in a safe place and write the will of its location. I think that's the way to keep your property safe and leave it right for the person you want to hold the crypto number after you die. It is not good to leave too much family property, so stay true to your family while you are alive.

Send it via bitbay locked to a certain date

Your private key is all that matters, keep that and don't reveal that to anyone except your family and your love ones! but give it to the most important person in your life the most authority will get all of that it depends on him/her on how he/she will withdraw cryptos.

Of course because we should be looking forward for the future,we arent going to live forever and we will eventually will return to dust so we should be doing our best to have a successful life,at the end all of our things will be left our love ones so we need to prepare for our time.Giving your cryptocurrencies to your love ones would be great if you achieved success in life.

yes you have to think about it because we also will be able to die therefore we should make notepad data or small note in laptop so your family can open and enjoy cryptocurrency that you have.

What happens when you don't share it with your family and you still die? The coins will be lost forever or will there be a way to withdraw those money from an address?
Many coins will be locked out forever, just because situations like htis and that people will forget their private keys.

Im more focused on building my portfolio first before thinking when I'll cark it  :D Just write down private keys and instructions maybe, put it in a safe and leave it to your family.

well if possible our family should know cryptocurrencies is the first place. someone close to you like wife or husband or children should know this. then write every details you use like wallets, private key, passwords, exchange site you use, etc. share this to only one you trust and can be trusted.

One should not think of the good of our family members only when we are not together, but day by day, living today, multiplying opinions, knowledge and experience and seeing people being happy.