Bitcoin After Death - The Will...

[partysaurus]

intressting i got the same question was laying awake last night in bed and this question popped into my head , i have most of my btc on coinbase maybe i can ask them to set something up? otherwise i just give them all my passwords mail phone and everything and they just setupt their own btcwallet and transfer my money there i guess.

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[twister]

Well here's something you can do, assuming they know how to use bitcoins in the first place.

Make paper wallets for each one and give them the decryption password for it. And when you die they can use the bitcoins if they remember the passphrase and they can't take the bitcoins which was meant for the other member as they wouldn't be able to decrypt it.

Print the paper wallets in their name, keep them safe for you wouldn't want them to spend it while you're still alive and when you die they can use it with their passwords.

[virasog]

Well here's something you can do, assuming they know how to use bitcoins in the first place.

Make paper wallets for each one and give them the decryption password for it. And when you die they can use the bitcoins if they remember the passphrase and they can't take the bitcoins which was meant for the other member as they wouldn't be able to decrypt it.

Print the paper wallets in their name, keep them safe for you wouldn't want them to spend it while you're still alive and when you die they can use it with their passwords.

They may not find the paper wallet when you die. It is better to use a mutisignature system to execute the will.

[phreaky]

No one will touch it if you they don't got the keys to your wallet.
I think in the future there will be someone that will creates something for it.

[iwasneverhere]

The worst part was if you die, and nobody has a way to get your coins. Lost forever.

[jethrorn99]

Well, if you told someone about the ID, then your money is safe.

Well, using Multisig is useful too.

[chek2fire]

Bitcoin is the first social experiment where every one must agree with all the part of bitcoin ecosystem to change anything in it without a central governance like any other altocoin like ehtereum, litecoin etc.
If bitcoin failed then the experiment will failed. Is so simple.

[RussiaCoinDotInfo]

What happens if i amass a fortune in bitcoins and i die. Who will guarantee my fortune is divided among those in my Will?

Who would you trust with your private keys?

I would imagine that in your will that your attorney holds in a safe you would leave exacting instructions how to recover the private key.  For example the will could hold the password for a master key to unlock your other passwords, or have the missing link in a mutisignature system (ie your family has a section, and the will has a section too).

Should you be using a Paper Wallet or even a Brain Wallet things may get more complicated.

You could also hide the RF from a physical (bit) coin inside a tooth (if you are paranoid that is)

[RussiaCoinDotInfo]

Give it another few years and your wallet will be linked to your heartbeat. As soon as you cark it your coins will go to predetermined addresses. Job done.

Code:

Are you sure you wish to die Y/N ?

[pat4cryptoreal]

This sounds very easy but it is very difficult to decide who someone can have such high level of trust on because if we are talking about centralized financial system the bank will ask some security question before withdrawal. It is advisable to keep it with your wife.