Bitcoin Forum

We have to imagine some life mystery as we are living, have you asked yourself of investment profit and investment loss. The mystery is behind the both when it occurs. Right now I'm thinking to myself of my investment and if only investment i have is bitcoin, and when I'm no more who will manage my bitcoin investment and how will my family know about my bitcoin investment, when  I was ill, I was asking myself series of questions in my mind.

> should I show my family my seed phrase ?
> If I die who will take over my bitcoin since nobody knows my seed phrase?

So I'm asking if it will be good to show any of your family person your seed phrase or should we keep having the secret of your seed phrase personal.

You shoul read the next topic it is very useful

Using Locktime for inheritance planning, backups or gifts (https://bitcointalk.org/index.php?topic=5180850.0)

Basically you need to tech them how to use bitcoin, wallets and other stuff. And keep a signed transaction for them, that is locked by that method. They should be able to broadcast it when the time arrive

You are the one who knows your family and not member's of this forum, so if you trust them enough, then show them your seed phrase and also teach them about BTC so they know exactly what to do with it when the time comes. Your keys, your coins and your decision.

Actually, this is something that I think have been discussed on this forum and board a couple of times in the times, but what I have to say is, if you are old or not so blessed with good health, i do not see why you shouldn't have someone in your family whom you trust enough to share secrets like this with, for someone that is married, I personally think your wife is the best person to share this secret with.

But here is what i think is the most important, she will have to be savvy with bitcoin and crypto in general, so if she is not yet into crypto, it is advised that you bring her, teach her all you know about crypto and also encourage her to make a few investments of her own in bitcoin, this way , she gets to understand perfectly how the entire system works. And this way as well, you are at peace with yourself since you already know that you have someone who knows exactly what you know about bitcoin and cryptocurrencies in general, and that if anything should happen to you, she will know how to manage all your crypto investments well just as you would have.

It is best to invest with Bitcoin privacy in mind. It is impossible to tell when people will die. You can write down your seed phrases in your personal diary. Because if you die surely your family members can check the diary. You can do more, write in a diary and tell your family's trusted person about Bitcoin, that you are investing. It is better not to tell anyone the password/private key of the wallet. Tell your trusted person that you have written down all your investment information in this diary. You can keep the diary in a locker at your home. You can follow this method if you want. Many have given advice, many more will give advice, whatever you think is best for you, you will do it.

You are the one that can answer it, whether you let your family or at least your wife or your partner in your little secret about Bitcoin and the seed phrase. And that is if you really trust her to give everything even if you are still alive.

As far as your second question, maybe you can dig on this old threads here:

• Please review my inheritance strategy (https://bitcointalk.org/index.php?topic=5467409.0)
•  Bitcoin Inheritance Protocol with delayed broadcast (improved Dead Man's Switch) (https://bitcointalk.org/index.php?topic=5377228.0)
•  Using Locktime for inheritance planning, backups or gifts (https://bitcointalk.org/index.php?topic=5180850.0)
•  Death & Bitcoin: How I Prepared My Family’s Digital Inheritance (https://bitcointalk.org/index.php?topic=1740675.0)
•  HOW DO WE TRANSFER BITCOIN WEALTH TO HEIRS AND THE NEXT GENERATION (https://bitcointalk.org/index.php?topic=5462812.0)
  

No, you shouldn't show your family your seed phrase. Your seed phrase should be yours alone, but let them know that you are into Bitcoin. That's not a hard thing to do I guess. Surely, you must have talked about it a number of times, even if in passing. So they must already have an inkling that you have Bitcoin. I'm even thinking that if you're vocal enough about Bitcoin, somebody in your family must have also been convinced about it and is into Bitcoin himself/herself. When you die, they will certainly go over what you've left, your notes and all, and they will find it.

You know, it's a good idea to have a plan for passing on that seed phrase to someone you trust in case anything unexpected happens. Life is short, my friend, and you never know what might come your way. Sharing the wealth, so to speak, with those you care about while you're still here is a nice thought. As long as they're trustworthy and know how to handle crypto stuff, there shouldn't be any issues with that.

You only have bitcoin , not bad but you want to consider about these facts .
bicoin is volatile , your buy price or sell price.
also you want to know about how you give your only one assets to your children's Teach them or show them how it works ,
Time is fly away - always search about new opportunity s in crypto

I believe there is already an extensive discussion in those threads with several suggestions made that can be implemented even by those who are not tech savvy. Even though some of those threads are locked, I don't know if there is any new discoveries that can be discussed here.

You don't need to show them right now, but at least have some written instructions for them on how to gain access and retrieve/sell the funds to find if something happens; preferably stored in a decent quality fire-proof safe.

You don't have to show your seed phrase to your family until your dead, you can hire a lawyer and create a will where you write your seed phrase in a paper or something that can't easily be destroyed and then put a clause in your will that that document that stores your seed phrase can only be accessed by the people that's on your will. Regarding your second question, I don't think you have to think about it right now, live in the moment, thinking when and where you will die will only fill your heart with dread and that's not the way to live imo.

What @albert0bsd said can help you a lot, take the time to read the link he provided.

Depend on trust with your family have to show seed phrase or not, but most important you need educate to your family with bitcoin knowledge and guide them way how to withdraw or cash out bitcoin to fiat fund. Better make little instruction with your seed phrase without directly talk them about your bitcoin investment, however need transparent to your family with how much bitcoin assets do you have and make them understand later for withdrawing it.

Have good planning and looking two side with positive and negative impact when sharing your seed phrase to your family, not all family can't trust it and you need to know their character are believing or not and you need some one else for sharing seed phrase.

Well, if you are going to introduce your family to the basics of Bitcoin and give them instructions on what to do in case something happens to you, you are automatically allowing them access to your funds. I'm not against it and I really think it's an important security measure to be adopted, because accidents happen and we are unable to predict the future. Just make sure the family members you are going to communicate on this matter are trustful people who won't cheat on you in anyways.

However, if you aren't 100% sure about their trustworthiness, I would say it's better to let your BTC holdings sink in the depths of the unknown digital universe forever than giving them any relevant information...

I'm sure you have a folder or an envelope containing your most important files. They're probably kept in a vault or a fire-proof storage or hidden somewhere that's not easy to access. You can include in there certain notes about your Bitcoin. You can even include your Bitcoin information in your bank's vault if you have one. This might not be highly recommended by other people but to an old man who can easily forget where he put his stuff, this is a safer option.

You should ask yourself that first because the person who knows your family members better is you. Once you find the answer, you can know what to do. We can advise you to show your initial phrase to your family and make a will for one or several family members you trust.

But you can also keep it a secret from your family members while still looking for the right way to reveal it to your family members. Everything you will do depends on your trust in your family members. If you can't trust one or more of your family members, maybe donating their Bitcoin is how you can do it.

Or you can sell the Bitcoin when the price increases very high. After that, you can distribute the money from selling Bitcoin to your family members so they don't need to know about your Bitcoin. There are many suggestions for what you can do, but it depends on the circumstances of your family members.

Yes, this is a question that every person who works in Bitcoin asks when he is worried about death and the fate of Bitcoin and his family after him, but the answers differ according to each person’s situation.

There are many ways mentioned by the members above. For me, I prefer to keep the seed for myself and I do not prefer to give it to my family because they may not be able to preserve it well because they do not have sufficient experience.

Therefore, I sometimes think of writing the seed in a file and encrypting it with a strong password. I can give my wife the password and ask her to open the file after I die to recover the bitcoins in the wallet using the seed.

You can create a multi-signature wallet, give them one of the keys, leave the other in a safe place that they can find by reading the will, and the third in a bank safe that they can access after confirming your death.
Learn how to make it using [Tutorial] Passport-Sparrow-multisig wallet. (https://bitcointalk.org/index.php?topic=5468930.0)
If the number of your family members is large, you can create more signatures, but at some point you must trust two or three of them or in a safe place that they cannot access until after your death. This way you will guarantee that they will get it, but you will not guarantee that they will use it well, so you raise them financially independent will help with that.

I have two choices about this and this choice's also depends on the individual as he would want it.

1. The first choice which has already been giving by the first commenter which is about the use of locktime mechanism so your posterity can have access whenever you are gone unexpectedly.

2. This second choice has to do with trust, which is a rare commodity. If you trust a family member so damn we'll be it your daughter or son and you wouldn't want them to wait for years due to a locktime after you're gone before having access  to your asset you can reveal your seed phrase to that very child.

 Reasons behind this choice is that my children don't have to be suffering facing financial hardship for the next 5 years or more after am long gone before they start enjoying my wealth depending on how many million blocks I set-up for my locktime encryption.

Depends on you. If you want someone you love to inherit your bitcoin, let them know. If you don't want anyone to inherit your coin, keep the secret for yourself.

If you don't leave any wallet backup, nobody will get access to your wallet backup and your bitcoin will be a donation for everyone. Like a lost bitcoin, it is a donation for everyone.

Dying bitcoins (https://bitcointalk.org/index.php?topic=198.0)

First thing is having only bitcoin as investment is a very bad idea. Diversification is very important and you should have reinvestments in multiple sources. Also, bitcoin investment is very risky so you have to be extra careful with amount you spend.

Second , regarding how anyone else in family will know about your bitcoin investment is that you have to inform them about the investment. At least, tell one trusted person about the investment so that if some accident or bad thing happens to you all of sudden, the money can be taken care of.

You should start introducing Bitcoin to your family, teach one or two of your family members how to access Bitcoin correctly, starting from accessing the wallet, how to send and receive Bitcoin, sending to an exchange and withdrawing funds into cash. Start talking to your family members that you have bitcoin savings. Don't forget to back up the phrase in writing (you can print it via printer or iron plate) and write a will and save it for them later. If you don't have time to do that, make a will and tell everything via video.

You don’t have to ask anybody this question here. You are the one who stays with your family members, and you should be the one to know who you trust will inherit your bitcoin. Whereas you know more than the forum members, mate, you should be the one who suggests or thinks about it alone. This type of topic has been discussed many times, and I think you should search for them. You will get it right, and you’ll know what to do.

However, you know everything that has an advantage must have a disadvantage, so this issue of showing your family member your seed phrase could be very good to practice, but at the same time, there's a negative path to this, so this inheritance is underrated. They will get it one day, so I think trusting someone to share your seed phrase will be good because nobody knows his or her death, so sharing the seed phrase is good so that when you are no more, they will get access to your wealth.

I don't know if it's a good idea, but have you heard about cryptocurrency inheritance services? It offer comprehensive steps including legal papers to assign a beneficiary to access you crypto at the time of your passing. Some companies even offers to educate your beneficiary how to access and how to use that crypto inheritance they get just incase they don't know how to use it in general.
I don't personally have tried it, but if your concern is the security of your assets against the company, well I guess they also offer security of your asset while you are using their service. You can try  searching for it.
If you don't want any other companies to get involved in this process, then simply use a multisig wallet and educate your beneficiaries how to access it.

Inheritance has always been a complex issue even before bitcoin, as it is often the case that people get into long legal battles to see who will end up getting the remaining assets of the one that has passed away, and in those cases a great deal of the time the ones that keep everything are the lawyers, so the inheritance of our bitcoin is without a doubt an issue, as if you trust the wrong person they could send those coins to an address only they control, but if you hide this information and never share it with anyone then those coins could be lost forever if you were to suddenly die.

Firstly
I think you want to expand your investment to another things.
After that you want know about if i die or etc. Where my btc going who got it
- basically teach your children or friends to where you store your seed phase like (Recommend Google drive or notes) Don't give it them just say if i disappear get this & use it.
Just think about future. :)

Choosing to have Bitcoin as your sole property is already a mistake. You should know how to minimize the risk by diversifying your investments. The common perception is that owning an investment that's 100% Bitcoin means you are a high-risk taker. Mind you, even though Bitcoin has been successful, it's still considered a high-risk investment, so there's no assurance that the price will increase in the long run.

However, since that's the only topic you brought up, I would recommend giving the seed or access to someone in your family. But make sure to monitor it constantly as long as you are still alive because you never know; people can be tempted to steal, especially when a large amount is involved, even if it's your family.

Are you a billionaire? Contrast cases with many legacies in the world looking at their lives and the legacy they leave behind, as well as whether they have to worry about protecting or sharing it. It's like a journey that only comes when you reach milestones in this life, otherwise those questions will be dismissed. Although I personally am not a rich person in terms of money, I will still try to complete it first before thinking about other distant things and especially avoid negative thoughts. It's similar to when you plant trees to harvest fruit, and before you start planting, you think those fruits will go to waste.

But if you are still afraid, I have a suggestion go to a reputable law firm and make a will as well as notify your family about it and of course the content in it will no need to reveal, rest assured that even if you exist or no longer exist, what you have prepared will be the back story and don't need to worry too much if you are dead.

Initially I will tell you that since your assets are Bitcoin or Cryptocurrency related, teach your family the basic knowledge about these things. I don't think there is any need to share the seed phrase, but you can store these seed phrases in your personal locker, because your personal locker may go to your family members in your absence. I think this can be a way to take over your assets to your family. Even then You can also you the Time Lock transaction for your family.

Yes, because anything can happen to you and it will be easy for anybody in your family to have access to your BTC investment when you're gone to meet your Maker, but let it be the person you trust among your children because if you show your seeds phrase to a bad child in your family, I think you know what will happen to your investment because many have lose huge amount of money that brought the family back to zero level just because they gave their seeds phrase to wrong person in their family.
if you die without showing your wife or any of your child when to get the seeds phrase, your BTC is gone forever. Some people prefer to die without expose their seeds phrase to anybody in their family because they don't trust anyone in the family, and you cannot call such person a wicked person. With this advice given to you in the community, you have the final say on how you want your BTC to be when you're no longer alive.

We have to make serious decisions while we are still alive such has having investments that you can rely on any time any were. And has far has am concerned if you want to go into any kind of business been it physical or bitcoin it will involve investment profit and investment loss. And if its about been scared that when you no more who will take care of your investment, or even have access to your bitcoin, its simple, you can have a lawyer and have everything legally documented and released to your family when you no more. You can inform them about your bitcoin but showing them your seed phrase might just be as exposing your asset to danger.

I concur that having bitcoin as the only investment at this time is not really advisable because it is a long-term investment. It will be better if other investments are also taken into account. Even if the price of bitcoin is not going up, you won't care because there are still other businesses to concentrate on. Every business is risky but i will advise to also try out businesses to.

I advised him to tell his family about his bitcoin investment because it is okay to do so given that they are related and because you can never know what will happen in the future. However, once they are told, they will be able to take the appropriate action.

create some sort of smart contract that needs a regular "touch" from you or.....and then you can do whatever

For me, I live and work for my family, not just for myself, so I always trust them and don't hide anything from them. I share important things with my mother and wife and I believe they will preserve it better than me. I think family is more important than money and bitcoins, if I lose them, I will never get them back. But money or bitcoins, they are just assets that we can easily earn back at any time as long as we work hard, it cannot be compared with the sacred love between husband and wife, mother and child.

How many bitcoins do you have that you can't trust your loved ones with?

In using the locktime method, you have to know how it works because any mistake can make you lock your funds for more years than you planned. It is important to practice and master the process before going on with the main process.  


This is a matter of trust and the world is lacking trustworthy people. But if you have anyone who is reliable, you can show the person the location of the seed phrase. Just one person knows I own Bitcoin and he knows where to get the seed phrase. But I intend to reveal it to another person in the next few years because of an emergency.  


It will be better to give your Bitcoin to charity than to lose it forever. If you don't have anyone you trust, you can consider using a lawyer or a smart contract.

I don't know your age but it's never too early to write a Will if you are blessed with fortunes, and Bitcoin is part of it. First, it's not wise to have only Bitcoin as your asset, you have to diversify and be wise, anything can happen. What if your wallets are hacked or an unforeseen circumstance happens?

To the main questions, a lot must have lost their assets through this but the answer is so simple. You should have a Will that includes the information in it and let your family members know where to get the concluding part.

Letting your family know that you have a Bitcoin is your choice. If ever that you don't want them to know about it right now, there are options you can do for them to make use of your Bitcoin if ever you pass away. You can have someone you really trust to know about this information and be the one to give your Bitcoin to your loved ones. Or maybe you can have one of your family members teach about this technology and be your way to inform your family.

Nobody can tell when we will leave this world, so I guess, it's better to inform your family members about it. Teach them personally while you still can, so they can make use of it even if you are gone. Your hard work will pay off and you won't leave any unfinished business.

But the question is who is more trustworthy than our loved ones? If you don't trust your loved ones then no one will be more trustworthy than them. I don't think there is any friend we trust enough to entrust with something as important as a seed phrase.
I think the best way is to teach your loved ones about bitcoin and share the seed phrase with the people closest to you, maybe your wife but if you don't have a wife yet maybe your parents. They are the people who gave birth to you and without them you would not be where you are today, it can be said that they are our most trustworthy people.

Bitcoin assets is not good to share the phase code or password to anyone, which is applicable to our local banking system not to share ATM code password to anyone, accept the person you trusted and no difference. But the must important thing in Bitcoin is to educate your family about Bitcoin and how it used in difference areas and also in final stage of convert to local currency of country your using. Along the side, you may open up a particular person in the family you trust about your Bitcoin phase code, but no trust anyone with 100% person, because heart of a man is wicked.

Yes, it’s very good. Even if you give them your seed phrase for some purpose and how life is going, nobody knows his day. They need to understand how to get access to bitcoin, and they should also know how to store it safely so that even if you’re no more, they will be able to get access to it.

However, giving them the seed phrase is not the issue now, but how trustworthy will this person be for you that you will get the mind to allow him to get access to your wealth? Because human beings are dynamic, they can change at any given time, and not only friends but even family members we think can’t do anything harmful to us sometimes change, so while handing over the seed phrase, they should also know how to get access to it, and you, the owner, should be checking from time to time.

Threads like this pop up from time to time on the forum, and you, OP, could search to get more replies from users who have responded previously. But as I wrote earlier, if you have close people, since you are worried about them, you should tell them and show them how to get to your bitcoins in case of unforeseen events that may happen to you. In my opinion, this is logical. If you don't trust anyone, then why should you even bother? If no family or person is important to you, keep it a secret. People are mortal; we cannot take all our property with us. However, I sincerely feel sorry for those who do not have someone to whom they can entrust the most precious things.

op your post makes me think that if we are no longer on earth who will handle this bitcoin then we all should teach bitcoin to someone in my own family about bitcoin . If you have many relatives of your own, you can give them some idea about Bitcoin. If ever you are no longer in the world then he can work on your bitcoins as he thinks.  And since bitcoins are very confidential, if you don't have someone you trust, you don't show them your bitcoins. Then if you trust someone then you can share with him and if you don't then there is no need to share. In general, let him know a little bit about bitcoins so that he can protect your bitcoins better in your absence.

Only a few from your family, someone whom you fully trust 100%. Aside from that, you can just do the same last will for most people that does it to their assets and children.
But for more ideas, you can search more about this topic on the search box.
You can see that at the top right portion and type some keywords and you'll see the topics that are related to it.

I don't know. It depends on someone's choice. What I mean by that is, if only for some reason, if he doesn't want to inform his loved ones about it, then there should be someone he really trusts. Like his best friend/s, I know it is hard to find that and it is only to trust someone deeply if you grow old together. But then again, it's all about choosing between your family or a friend you really trust.

Well, it's true. Trusting it to your wife should be the primary choice. They say your wife is the one who will help you and someone with whom you can put your trust 100%. She will be the one to make your wishes come true. No doubt about it.

I've asked myself what will happen to my crypto portfolio is I lose my life but damn it's sad to think about how wasteful it could get, even if you leave it in the hands of someone they might decide to just spend it all and waste it once you passed, so I don't let this worry me, if it's my time to go then my crypto stays where it is.

It's going to be helpful still if you don't have anyone to give your private keys because you have to take the allocation off the table and it isn't coming back anyways, makes the whole Bitcoin even more scarce so do not worry much if you don't have anyone to pass your private keys unto, you are still doing every bitcoin holder a big favor.

There are so many ups and downs in this world, not everybody will have a good family, and not everyone will be good to you, it's is just a hard fact about life, so lead a good life while you are still breathing today and do try to find someone who you can trust, they don't have to be your age mate.

It is a useless waste and does not bring any great benefit to anyone. The total bitcoin supply is 21 million bitcoins, how many bitcoins can you own to create more scarcity in bitcoin supply? Instead, if you have no relatives, there is no one you can trust to inherit your bitcoins. Why don't you find a way to donate those bitcoins to charity if something unexpected happens to you?

Life is very harsh and not as beautiful as we imagine, but it is not so bad that there is no one to trust, no trustworthy relatives.

When it comes to inheritance, it's true that the rightful recipients are typically our children or family members. However, there are other considerations to ponder, especially if there's a lack of trust due to a particularly unkind family. In such cases, it may be wise to bequeath it to someone who genuinely loves us – someone with strong principles and a pure heart.

Entrusting the keys to your legacy to someone else can indeed be a weighty decision. If you harbor too many doubts about a single individual, you might consider dividing your assets into two or three portions to ensure you find a more reliable person. This, at the very least, is a better alternative than having all your possessions go to waste after your passing, with no one to put them to good use.

One approach I've considered is creating a legal document that encompasses all the information pertaining to my possessions and ensuring it remains securely sealed until it reaches its intended recipient.

Even though death is certain and knows no age, it all depends on our current position. I mean, if we are still young and not married we still have the opportunity to tell or introduce Bitcoin to our family by educating them. Additionally, choose a family member you trust to provide the seed phrase who has the ability to operate it.
And if we are not married, maybe it would be more appropriate if we gave it to our parents, because it can be used for their old age and also to help other family members.
And if we are married then our wife is the heir and must also be educated first, especially how to operate it, and if we already have adult children then these children are the heirs and all of them are still educated first.

You are more familiar with your family members, so you know whom you trust the most. When it comes to sharing sensitive information like your seed phrase, it's essential to exercise caution. However, some exchanges provide an extra layer of security by requiring both a login password and a funding password. Sharing only the funding password with a trusted individual may be a safer option. As long as you have control over your phone, the risk of unauthorized access is minimal. Nevertheless, always be vigilant and selective when sharing such critical information.

The only way to share your bitcoin is through trusting one of your family members with the private keys. There are also other ways to let others inherit your coins once you pass away. You could store your coins in different bank lockers/vaults. Write down the private keys in different parts and store in different lockers. The lockers aren't expensive. Like $50 a year or so. Spending $150 a year is totally worth it in my opinion. Once you die, your nominees will be able to access the bank lockers and inherit your coins.


If you die and no one knows your seed phrase, then no one will be able to take over your bitcoin. Unless someone some how manages to find/access your wallet, the coins are considered lost forever.

Of course there are times when we suffer losses and there are also times when getting profit when involved in investment. This shows the extent to which we can learn so that the next loss is not repeated due to the investment that we live is not based on correct knowledge. To what extent do you trust your family? And if they are one of the people you believe, it might not be a problem if you intend to tell it, because honestly we are looking for money in the end will also be given to them after we are gone.

If you trust them, it doesn't matter to me to tell him and maybe only one person you trust. You can say that the phrase is stored in one of the safe places. If something happens to you (death) can be taken and divided equally for your child, this is a kind of will do our parents first but more on one person we believe.

It can be worrying to consider that our valuable crypto assets could be lost after our passing. Have you ever considered putting in place a "dead man's switch"? Its a type of device, digital or otherwise, that starts working when you dont do something within a specific amount of time. If you dont check-in, lets say once every six months, it might send your private keys or some sort of instructions to a certain person or group.

In this manner, you might make sure that your cryptocurrency didnt simply disappear. I absolutely agree with what you said about trust. Age isnt a factor in finding that "someone"; rather, its about connection, comprehension, and most crucially, reliability. Everyone deserves to find that person, and I sincerely hope you do

This topic has been discussed several times before. You can use the search box and get more relevant topics in the search results.
There are few options like using time lock transactions, creating a will, sharing partial seed phrase to trust person, creating a secret quiz for your family to figure out etc...
But the major thing is that the person you want your bitcoins to receive should know how to use bitcoin at first place.
So you must teach him about it already before even thinking to pass it on to him.

Your right, and I agree with what you said, dude. If you have someone you trust completely, you should be teaching him this little by little we are doing with cryptocurrency, or Bitcoin. Especially if you hold crypto assets or Bitcoin in a wallet account that you have. That's very important, because we don't really control our lives.

As long as there is time, let's take advantage of it, because we can't say today that we will live until tomorrow because we don't control our lives. Instead, we just struggle with the one who created us.

It is a very common question for every investor, how will his investment reach his family if he dies while investing. If the investor is the only person in his family who is involved with Bitcoin, he should clearly discuss his investment with a trusted family member. The investor's family member who is most trusted and whom the investor cares about should get some understanding of Bitcoin and if he does get some understanding of Bitcoin, he should share with him the wallet's private key or some other security system. This allows your family members to access your invested money after your death.

Just as from the threads that have already been suggested, where this matter had already been discussed, i expect you to go through them and choose the one that best suit for your decision on how to pass your bitcoin inheritance, but before then, you need to be true to yourself first if you want your family have access to such in the future or not, this depends on the kind of present relationship you both have together now that will determine which step or decision you will make or plan ahead for future sake.

Yes, this question always comes up, but somehow those who create threads like this don't read the experiences of previous members with many answers.
They should have done some research first.

It's not wrong, but this seems to repeat and keep repeating itself and definitely with almost the same answer.

Looking at the https://ninjastic.space Content Post search with the Keyword "bitcoin inherited" found about 900 Posts related to bitcoin inheritance.
https://www.talkimg.com/images/2023/10/14/RY3xJ.png

But this is still not all because it depends on the keywords used.
It can even reach thousands of questions about "Bitcoin as an inheritance" "inheritance" "Bitcoin for family" "Bitcoin after we die" etc.

There’s no point of showing to your family your seed phrase if you will not teach them about bitcoin and how to keep them safe and secured. You need to orient them about bitcoin and make them understand about it, as well as teaching them how to store your bitcoin in a safe storage so that it will be free from hacking or stealing. Once you have shared everything to your family all about bitcoin, then you will never worry on your bitcoin investment if ever you’re not around anymore since you can trust your family to continue what you have started. But if they chose to sell it anyway, I guess when that time comes you can never control their decision already.

We all live and die for once, so we need to settle things first prior to leaving them when we’re gone. That’s when we should have a plan on passing our asset or property to the one who’s trustworthy enough so he can manage the inheritance well same as what we did. Like for instance, passing our seed phrase to our trusted family member is the best decision. If there are people that should benefit our hard-earned investment, most likely it’s our family. But we should make them aware the basics first in bitcoin investment so that if unexpected happens, at least they will also have the confidence to run that investment.

Create a will.
Leave the Bitcoin to whoever you want.

As for the see phrase, leave clues to the family member to figure out what it is.
Or just straight up tell them the seedphrase in the will.

It's not a big deal, mate. On different threads that have been shared by Kemarit, the same issues have been discussed, and some Bitcoin users have shared their opinions too. You can read those threads when you have time, particularly the last one.

In the centralized financial system, for example, banks, before you create an account, you will have to include the information of your next KIN. Bitcoin is decentralized, but that doesn't mean that you should not always have a next of kin on the pipeline, someone whom you would want to take over your Bitcoin asset when anything goes wrong.

If you have someone in mind to pass your asset to, then you can always leave a trace for the person. With that trace, they can access your asset anytime anything happens to you.

I think you should already know the attitude and character of your family so that you can know what you should do in this regard.
On the other hand for this matter there have been several previous threads that almost discuss the same problem and indeed the answer will remain the same when it comes to the issue of age then we will not know how long we live but on the other hand we can estimate what we should do before we are gone.
If you are sure of your family and it is the only way for you to feel comfortable why not just in this case it would be better to hold back first while you are still in the world for what to give your seeds to others even if it is your family.

I believe you know the consequences of sharing your seed phrase with another person. This is something we warn newbies about because once your seed phrase is exposed to a third party, the bitcoins in that wallet ceases to be yours. I read a story online where a young man drugged his father so he can gain access to his old man’s wallet and move the bitcoins without him knowing. These are some of the risks associated with letting people around know about your bitcoin savings. If you’re worried that your bitcoins may be lost forever in the event of a passing, I suggest you use the timelock method. This is the most secure and effective means to transfer your holdings to your next of kin.

In other words, you have to trust anyone in your family. Otherwise, your bitcoin will be burned since anyone can't access it. In this situation, you may teach someone from your family about Bitcoin and how to use it. Write your seed phrase in a notebook that can be discovered after you pass away. But till you're alive, just secure it under your control. I just write about what I have been doing. I wrote everything in a notebook and secured it under me. I'm trying to teach my brother about Bitcoin and crypto. So if something happens, my funds could be recovered.

If Op is married he can tell his wife about the investment he made in Bitcoin. If Op is still single, he can tell his parents that he has Bitcoin in his investments. So, if Op chooses not to tell his family, of course if anything happens to him, of course no one will know that he has Bitcoin. I think he should consider it a wise decision to trust someone to know that he has an investment in Bitcoin.

Or if he keeps the seed phrase by writing it on paper or carving it, of course he can make a secret cupboard that only the family knows about. So if anything happens, the family can find out about all the investments he made by opening the cupboard where he keeps several important documents on everything related to important things in his life.

While no one wishes for the unexpected to happen to them, it is occasionally a good idea to be ready for it before it does. Since we have no idea when we may pass away, it will be best if a member of our family we can trust has access to our private keys in case death comes knocking on our door. 

Therefore, I will encourage every Bitcoin holder to have a family member they can rely on to have their private keys on time before the unexpected occurs because nobody knows what may happen tomorrow.

If you are going to create a will with your seed phrase in it, you'll be involving and trusting a lawyer, and therefore a third party, and that's something i would neither recommend nor do. Bitcoiners are looking for a trustless way to allow their families inherit their coins, instead of involving a lawyer, i would rather just teach my family about BTC and tell them how to get to the coins if i am not here anymore.

If you take bitcoin as a property,  you know what is the best for you. If you think letting any member of your family,  wife or children will be good for you because of no one knows what will happen in the future then it is fine , their is nothing bad about it. It is your property and if you think it is very necessary for someone which you trust very well then you can go ahead with your decision.

Their investment and savings whereby couples who trust each others do know about it, for people who think having only their seed phrase to themselves is not proper because of fear of death or any incident that may occur are free to let anyone they trust to know about it.

We would all reach that point in our lives someday. Choose someone who you trust the most and explain how things work in this industry. Well, we are not required to do so but if you choose to keep it for yourself, be sure you won’t have any pinch of regrets on your end if ever anything would happen. Of course we would prefer using it for our own good but life itself has limitations. Same thing with other assets or properties if you won’t voluntarily allow them to be part of it. But in this technology, once you die without letting anyone to have an access with your cryptosavings would just make it useless in the blockchain. It would all depend on your preference as an individual and as an investor. On my end, I allowed my brother to know my private keys ‘coz I’d rather pass it on than to just let it be useless for the time around, if ever I die.

I checked another article by LoyceV, it's quite good and I can see very safe. But it's kinda very technical, even a technical person will check and try it, but they will have a hard time using it.
For sure there are a lot of other ways or like the traditional way which just hides some information on how to get access on Bitcoin for inheritance.

I'm also confused, but for now I don't think too much about it, because the bitcoin I have is almost close to 0$ lol. If I have a lot of Bitcoin, I will print my phrase, I will give a tutorial on how to open it and sell it on the printed paper, I will put the paper in my important archives such as birth certificates, house letters, diplomas and so on, later when I die , surely my family will find it. Later it's up to them what they will do with the paper I left behind, if they are smart enough they will get it all, if they still don't understand it means profits for the community, that my bitcoins will be burned forever.

There are many mysterious things that happen in every person's life apart from planning them it is better to teach them to someone in your family when it comes to using bitcoin. Family stays close in time of danger in that case they can easily use Bitcoin in your absence it's easier to keep secrets by telling someone you trust. Also you can write down all the information in the notebook then if you die the family members can easily find the information. Usually many try to improve the original bitcoin by giving it more speed privacy or some other advantage but it is better to teach someone who is trustworthy that people don't always survive.

It’s normal to worry about who inherits your money and properties when you have money because we can’t live forever but when bitcoin is your only asset it is a different case because unlike properties bitcoin requires you to entrust its keys and seed phrase to someone whom you trust and believe would not take advantage of your trust because when it is about money it is difficult to trust people, money is so tempting and can make even someone you trust do betray you.

Who manages your bitcoins investments is left for you to decide, they are your family and only you know them so well so it is your decision to entrust someone with your seed phrase because if you fail to do so no one will be able to access your assets and your bitcoins will be lost forever.

Only you can decide about that, all we can do here is advise you on how you go about it.

I don’t advise you do that just yet, i think you should select just a few number you trust the most because with more number of people the possibility of you being targeted will be higher. You can’t trust all your family members except if maybe you are married and not much in the family.

You should definitely show it to someone you trust so much or maybe leave a note well explained about it somewhere they can easily find in case.

Congratulations, you just proved to the world 🌍 and yourself how selfless you are, and it's good to prepare for the worst as d*ath can come at any time and leave some inheritance for the people that remain.

Without any complications, introduce one or two family members to crypto and if you are married you need to teach your better half how to use Bitcoin, the best security measures and not to fall for these doubling/investment scams and let the person be in on it fully, they will thank you later.

It's the most basic approach and it should work, if you have trust issues then try setting up a dummy wallet with a few Satoshi on it and see if the user sweeps it, if not then they are ready to get on board with the main wallet...better yet set up a multi-sig wallet with other members of the family and try to get duplicate access to other trusted members to avoid lockouts.

I was thinking that this is still possible without giving the seed phrase, will is a written document indicating the name and the assets to receive. It is possible that in the document they just need to include what and where he can find the seed phrase and what's to expect to receive on it.

That really has to be done, we have been entrusted with storing assets in Bitcoin of course there must be someone we trust/family who must know so that these assets can be taken or continued when one day we die, that's something we don't know so everything we may have to prepare.

We will never know what will happen in the future, but I believe that what happens later is the result of what we do now, so whatever has happened should never be regretted, in fact it should be a lesson to be able to do our best so that the mystery in the future could be good for us to get.

Seed phrases have to remain secret forever between yourself, but do so for the reason that nobody will ever remain alive forever; we will surely die one day, and nobody will also know when the death is coming. With the purpose of knowing that our seed phrases should not only remain secret to us alone, we need someone sincerely to share them with us in case we are no longer alive. Many people are not more alive now, and even their wallets are unaccessible because they never tell anyone about them. It was just like wasting money while we are still alive by investing in bitcoin because the money will never be used by any of our relatives again or anyone if they can access our wallets to get access to our funds.
 
So it is very important to share our seed phrase with someone so that it can take over when we are no longer in existence, but if you want to tell someone about your seed phrase, it should be someone you trust very well so that you know can never cheat on you. And if I should advise you again, let the person be your close relative.
 

I advise you, if you can't trust any of your relatives, don't trust your friends, even if they are people you grew up with. After all, they are just strangers, without any binding relationships. We can trust them with anything but when it comes to money, especially valuable assets, things will change quickly and will destroy that friendship. The magic power of money will cause people's personalities to change quickly.

Wife is the person who will live with us until death, they are truly the most trustworthy people. But if you still don't have a family, you should choose one parent as I said above. Never trust your friends and doubt your parents.

Its not every day you meet someone pondering the long game with bitcoin. You're absolutely right; while we all wish for longevity, the unpredictability of life is real. The last thing you'd want is for your hard-earned bitcoin to just... vanish.

Consider this: There are services now, legal ones, that let you create a digital will. Imagine entrusting your seed phrase, along with instructions, under legal protection. That could be a game-changer. And absolutely, if you're going the personal route, a close, trusted relative is the way to go. Family usually knows best. Protect that bitcoin and keep rocking it

I think going the personal route is safer than relying on a 3rd party service.  what if your government suddenly banned bitcoin and was ready to confiscate all our crypto assets?  furthermore, bitcoin was created with the purpose of helping us no longer depend on third parties, why do we trust the law and entrust the seed phrase to them? We invest in bitcoin for ourselves or for family members, why can't we trust relatives but can trust third parties?

The first point, how long have you invested your money in Bitcoin, how long have you not told the seed phrase to people you trust, this will be very dangerous if one of your family members doesn't know about it. The investment you have made so far will be in vain, It would be nice if your closest family members knew the seed phrase from the start.

The second point, that is the importance of telling your family the seed phrase at the beginning, we cannot predict when death will come to us. We could die tomorrow because of something out there. We should study like rich people, Usually big or rich people out there will also tell their parents or children and grandchildren, if something happens to me or dies, I will tell them where my investments have been.

As long as it is your own family and you also really believe in your own family, I don't think it would be wrong for you if you wanted to show it to your own family. But you also have to teach them how to look after it well and also how to use it where, because if they don't know how to use it and don't know how to look after it like you have done so far. I think it would be very useless for you to tell this to your own family, because you would be very afraid that they would leak it to other relatives too, so that the security of your initial phrase would not be well maintained.

As long as you are still healthy enough and able to look after yourself well enough, there would be nothing wrong for you to continue to keep this a secret from your own family. But if you are confident enough to reveal the secret to your own family, that's okay, although you have to make sure that your family can guard it well like you have done so far.

Telling your family is a good thing, because of course your investment is for the family so it would be very stupid if the investment you made was passed on to the family but when you are no longer there your family can't enjoy it because you never told them about the Bitcoin investment you made . However, many people invest in Bitcoin, not like property that will be held for decades, so it could be that before you leave this world, you have sold it and only inherited it in fiat, not Bitcoin, because in fact no one knows for sure what will happen to Bitcoin in the tens years ahead because technology is always developing and changing.

They deserve to know that even though we can say that they can't be trusted to manage it, of course, it is meaningless for our investment if no one will inherit it. As we passed by, it was a problem to the one who inherited and it's up to them how to manage it or they converted it to fiat money and start a business. Besides, we can't expect them to follow in our footsteps because whether we like it or not, not all of our family members will understand.

From what I have experience in life I have seen people who owned properties but never let anyone about it, after they lost their life family members couldn’t get access to it, this was just the end of it all. It is impossible for people not to have any trusted person in their life that can know what they are into just in case anything happens tomorrow.

I don't really blame people why when it comes to bitcoin security they are very extreme in keeping things to themselves,  this is just because bitcoin can be easily lose if been exposed to to strangers,

I will not I'm still living so I can still decide if I want to sell it or accumulate more by giving them my seed phrase i lose control of it and I'm now sharing it with my family I do not have the sole decision on my Bitcoin.

You should prepare for this scenario in case, you can ask a lawyer for help, and in a sealed case you hand them your seed phrase but of course, you must first educate your children about how Cryptocurrency works It is a preparation in case


If I'm still alive I will hold on to it but I make sure that I hand it down to my family in case I have to go, Bitcoin is an asset it's an asset that keeps appreciating so you should have a plan in every scenario.

Educating a family members about your investment is necessary because if one don't share your success with his family then it means that he is not sincere with his family. I think a person is not earning for himself but always try to earn for his family so when you are earning for family but don't share that how you earn then it does not suited good.

Educate at least one person in your family about bitcoin because sometimes a person can ill or may become busy in something else so if you educate your family members so it will be beneficial for you as well as for your family too. Teach them about risk and benefit and make them expert because we should not keep our success secret as if our success become hidden from our families then they will never adopt that way but if we share it with them then surely they will also accept that path which make them successful in future.

It's not a good thing to tell anyone about your Bitcoin investment and If you tell your seed phrase to someone in your family then that person can transfer all Bitcoin from your wallet without your permission.

As we all know that everyone has differing levels of greed and maturity and that's why it's always better to keep your seed phrase secret. If you have to tell someone about your Bitcoin investment then you may have to choose someone who's really a responsible member of your family.

You may give some clues about your investment to all family members whom you want to have a share from your investment but don't share your Private key or seed phrase just because you think that life can end anytime. We always live with hope and I believe it's hope which is making us to have such investments.

You should only tell the most trusted person in your family about your Bitcoin investment and if you're married and you have children then you can give a clue about your investment to your wife and tell her to never share the information with anyone. But, still you should not share your seed phrase but give her a clue that how you have saved your Bitcoin. The clue can be a written paper kept in your private locker and she may have it if you die suddenly.

You can specify that in your will. And then the lawyer will pass it on to your children..... Or your wife. I don't know. But honestly I've been a bit disillusioned with cryptocurrency lately and I'm much more interested in working with cryptocurrency on an exchange than just collecting on a wallet. A friend once told me: sell your crypto (https://bitpapa.com/sell) , then buy more when the price drops, do that a couple times and go to the exchange. Now I earn quite well. And not in the perspective of the fact that bitcoin might grow someday, but here and now. But I don't think that this kind of income will suit everyone, to be honest. So many people have lost money on it

This is a not a recommended inheritance plan for BTC in my honest opinion, i can't see why someone will trust a lawyer more than their family and since it is still the same family that's going to inherit your coins, why trust a third party and not be 100% sure it will get to them, when you can just tell your family the location of your seed phrase and how to spend it. Take note that even if you do not include the seed phrase in the will, you will include its location and how you want it shared, so why not tell your loved ones one or both of that information.

People do not live forever and death also has no time. Anything can happen at any time. We all should save the seed phrase we have and share the seed phrase or keys with family members. One should select people whom he likes whom he can trust and then inform him of those things. This is something every crypto user should do to avoid losing that money in the future. Since everyone has to die, there is no way to ignore it. You should give all your secret keys to a trusted person as soon as possible. Keep in mind that if no one knows your seed phrase, your asset has no value after your death.

When you die, you will have little to worry about, especially about your bitcoins. If you are worried and do not want your bitcoins to be lost completely. you can include your seed phrase in your will and ask your lawyer to give to your next of kin on the occasion of your death. You do not need to show a family member the seed phrase, you can just select one family member to thoroughly educate about bitcoins so that they know that there is something called a seed phrase, and they will not be surprised if they are willed your seed phrase on the occasion of your death because you have already educated them on the seed phrase is.

I'm sure a person's behavior will change because of money - so do everything very carefully. After all, not everyone can trust their partner 100% about money or high-value assets like bitcoin, especially if they are in a relationship without legal status.

Legally married couples tend to have mutual trust in everything, including financial assets. They share beliefs and manage them together for the survival of the family and the future of their child – but we should not think that everyone will be the same because of cultural differences. But thinking about and preparing for an inheritance is important even if you don't trust them completely. There is always someone who has the right to receive the inheritance from you regardless of whether you have heirs or not.

There are many ways to start preparing a legacy of valuable crypto assets, one of which is by using a fully controllable Hardware wallet.
Do not store on a centralized exchange because it will be risky.
Not your keys, not your coins.

Itsri is the first person I fully trust to manage the inheritance, but if someone still does not have a wife, parents can be the main ones,
the important thing is that they can be trusted to carry out the mandate that we entrust.

Whether you have heirs or not, you still need a record of whom the inheritance will be addressed because it must be clear where the inheritance must be given.

Well, the forum is no stranger to this sort of thread no more.
I’ve had to see several threads talking about what would happen to their Bitcoin after they die?
What’s the best means to ensure your accumulated Bitcoin don’t get lost like the rest of them wallets whose seed phrase are no where to be found and as such, it’s lost to the world.
What’s the best means to pass on Bitcoin as an inheritance?

These are common threads you can easily find around to suit into your thread’s context but, you’ve created yours uniquely and I’ll say this to you,
Your seed phrase is your first line of security and as such, you ought to safeguard it above all.
Not your key, not your coins. Letting anyone have your keys simply means, them coins are both exclusively and jointly owned.
Lastly,

It’s up to you to decide how you would ensure your Bitcoin don’t get waste away.

I believe you understand your family better than we all do. There's nothing to hide from your family. It wasn't a good idea. You need to teach them how to operate bitcoin because this is not the appropriate way. You need to give them much knowledge about bitcoin. You can't just keep things away from your family like that. Wait, what if your family is poor? You are the one contributing to their survival, and in this process, you were ill and pass way. How did you want them to survive if you kept it away from them? By that time, you wouldn't be around to tell them you have money.
 
If I am in this position, I will not keep anything away from my family. I believe most of the family they have believes in it. It may be hard to tell the whole family, but a single person will most likely be aware of it. Not that you will allow anyone to have access to your phone or system password when you are healthy; you can only do that when you are not feeling well because people came in where you didn't expect them.

Talking of Bitcoin in the light of an investment goes to buttress the fact that Bitcoin is more of an asset than of money. That's an undisputable fact.

Why do most people think of death only when they're ill. Death can come upon us at anytime. After all we've been assigned a death warrant at birth. Every man carries the stigma of death once they're born. So, not only in illness can it come but also in good health or haven't you heard of healthy people passing on in their sleep or accidents ending people's lives?

We don't have to show our Mnemonic Phrases to our family. But teaching our family about bitcoin would be much better. At least make them understand how to create a bitcoin wallet, back it up and re-import it. Teach them how to receive and send bitcoins and tell them that Bitcoins are very valuable even though their prices are always fluctuating.
After they understand these basic things, then we tell them that we are investing in bitcoin. But it would be better if you didn't tell the rest of the family. Enough only with the people we love most, like our wives.
Keep your spare wallet key in a safe place. And tell our wife that all the valuable things we have are in that secret place.

But likewise, if our wife also invests in bitcoin then she must also tell us the same as we tell their.

Indeed, I don't see any reason for us to hide these things from our families. Just one simple thing, without family, would we be able to live and grow up until now? They are the people who have taken care of us from childhood until we take care of ourselves, why do we know how to make money and become selfish with them? I don't understand why so many people don't trust their wives, even the people who gave birth to them. Is money really that important? More important than our parents?

We all don't know when death will happen to us and death will definitely happen to everyone, so I think it is important to tell the phrase to the people we can entrust it to lest what we have collected can still be enjoyed by the people we entrust it to. and we are not wasted in collecting it. If we choose not to tell anyone about this and we experience death then it will be very detrimental to what we have accumulated, no one will be able to enjoy it.

Bitcoin is an asset just like you own land, gold and other property. If you die, your inheritance will be taken by your heirs. Likewise with bitcoin assets, if you have a lot of bitcoin assets and want to keep them long term, it's best to tell your family who you think you can trust.

At least you have to be sure of someone's age, you can't guarantee it, because it is a natural law that everyone who lives will definitely die. If you are aware of it, you should educate people you trust about bitcoin, if they already understand, you can convey the seed phrase to them.

Sorry if you suddenly die, your bitcoin assets can be accessed by people you trust so that your bitcoin assets are not wasted.

Really this is a mystery question people used to ask in the cryptocurrency world. Everyone is saying that we should secure our private keys, seed phrase and other password, but as human we will not live forever so when we are no more  or very weak to the extent that we can't do anything and they need money to take you to the hospital or pay bill. Well there are different ways you can secure your wallet. But for knowing your wallet seed phrase, you have to show one person who is knowledgeable about bitcoin, and make sure you trust the person and give the person a copy of the seed phrase. So that even though you have passed away the person can control and manage the funds.

This is right way to give access to the cryptocurrency holding to a person close to us. However we should find a way that the fund can be used only after our death. Just think of a situation in which we've shared the seed phrase and the person close to us had took control and transferred the fund. The world is full of betrayal and we can't believe anyone. So, it is always good to follow the systematic procedure that is been mentioned in the beginning of the thread about the release of the seed phrase with locktime. Through this our belongings will be settled with the person we've added as nominee after our death. This is also carried out by a third party service which makes it bit uncomfortable for some people who hate the centralized system.

We should always teach our siblings our brothers and other people who we think are very close to us what is bitcoin and how it works especially we should teach them trading. When they grow up they will be professional in crypto and they will have more knowledge about crypto which will help them a lot in the future. BTW, I didn't tell my phrase key till now to anyone nor I'm going to tell anyone even if I die, because I had invested less amount not the full amount. My other half amount is also stored in my bank account and I have told my bank account to one of my nearest friends.

I think it's understandable. I mean he probably knows that he will need to teach those people first before he gets on that part. If not then only luck is what we need because those people can still get curious and search about those 12 words. Or they will ask someone about it.

Hopefully, those people won't trick them and steal the coins. Once we leave this word, it means the coin is not in our possession anymore but those people can follow what you instruct with them. Time will always come that they will sell it for profit because this is our main purpose or the main purpose of BTC. What important here is the coins didn't go to waste or lost in circulation.

Put your seed phrase on somewhere place like safe or vault then hire an attorney as your representative when you are gone and give the will to him including how to claim your Bitcoin and where it is hidden. A lawyer is the best person to do this kind of job if you want to ensure that your investment will be properly distributed to your family when you’re gone. It might cost a significant fee but it’s still worth it rather having a trust issue to your family when you are still alive or completely make your Bitcoin investment useless if no one knew your seed phrase.

On the one hand, yes. But since the person made the post, it means he's not sure he can trust his relatives with his phrase. And a lawyer can at least be sued if anything happens

You will never know what will happen because life is brief. You ought to have a plan in place for passing on the seed phrase to someone you trust in case something unforeseen happens. It's a great concept to share the riches, so to speak, with individuals you care about while you're still alive. There should be no problems as long as they are trustworthy and understand cryptography. People like you is rare this, keep doing what is good to become a model to others.

Those that will likely be around you are the members of your family to take good care of you, if they know about your keys at that critical condition i don't think that is bad enough, whenever you get well you can always make  decision on changing the wallet you use and that is if you have not already been outsmart by anyone of them, also it's something he may send a little amount to an exchange and allow them have access to it or even when the money is already on exchanges for such little expenses, they can only have access to the exchange account and not your non custodial wallet.

It is difficult for a person to live alone. He needs to trust someone. People we can trust may be our relatives or friends. This is not just about crypto, I mean being alone and having no one to trust is a very sad and difficult situation.

Money is earned over time, but we cannot buy the people we can trust around us with money. It is a great chance to have people we can trust. Therefore, if you have investments, there is no harm in telling them to someone you trust. Just as we need to be careful in everything, you should also be careful to choose this person well.

You have made a beautiful thought that all investors should really consider. Since man is mortal one day he has to die so he must leave his accumulated money and wealth for his family and future generations. That's why the plan you made is good because you currently have Bitcoin investments and only you know about them. These investments of yours may be kept as future assets and may benefit your children. If you tell your family about bitcoins, keep them so they can't use them when you're not around. That's why you should educate and educate your family about bitcoin seed phrase, and you should tell them about this bitcoin. It is true that if you die, your children can enjoy your money and they will benefit from it. And if you don't tell about this then they will never know about Bitcoin and they won't be able to enjoy the wealth left in your wallet, that's why I think your plan is good.

Indeed, people naturally want connection and trust. This need isnt just about crypto or material gains; it comes from deep inside our minds. When we're alone and dont trust anyone, it makes us feel very alone. When things are as unstable and unclear as the cryptocurrency markets, trust is very important. Over time, trust has evolved , but at its core, its still the same.

Your point about how money cant buy trust is a very good one. Even though money is very strong, it cant buy real relationships or the respect of honest people. This fact is made stronger by the crypto world. Telling people you trust about your finances is very important. The biggest problem, though, is telling the difference between real trust and fake trust. In the volatile world of cryptocurrency, one bad friend can cause bad things to happen. And even though you stress how important it is to share, the critical study of "who" is still the most important thing.

Only show the seed phrase to people you may trust, in my opinion. Not everyone in your family has good intentions for you, especially when it comes to money. Money has the capacity to change people's minds, so we must be conscious of it. Let's imagine you have 5 Bitcoin, which is fairly large, and if your family finds out, they will all be shocked and some of them will begin to form negative thoughts in their minds. You must be cautious and only tell people who you have confidence and who love you that you have Bitcoin.

Of course, not everyone is a good person, but we should not be too suspicious of everyone, including our wives or parents. What I find funny is that many people here are valuing bitcoin more than their wives and families. They would rather die with bitcoin than share private keys with their wives and children, they always doubt everything but want others to trust them, which is ridiculous.

One thing I'm more curious about is that, other than early investors, they're holding a lot of bitcoin and it's understandable that they're more cautious with people. But others always doubt their loved ones, how many bitcoins do they have? 1BTC or 100BTC or just 0.1BTC? :D :D But they always think bitcoin is more valuable than their relatives, who are always by their side when they are in trouble.

It's a tricky question because it all depends on your relationship with your family, and only you know that. In general you should know whether someone has money problem, how they manage their finances, if they have debts, etc etc. Also, very important, they must be pretty good with technology and you need to make sure they understand that the seed phrase can't never be shown/told anyone.

I don't think someone needs to be tech-savvy to hold bitcoin or our seed phrase. Just teach them the basics and talk about the importance of seed phrases, and I'm sure they'll keep them the same way you keep them. It is important that when giving the seed phrase to a loved one, we emphasize its importance and how to keep it safe, we do not need to worry too much about the rest. Like my mother, she has kept her assets such as jewelry and other assets for many years without anyone knowing, so I also feel completely secure in entrusting my seed phrase to her.