How do you plan to pass on your bitcoin inhertance

[Anegg]

Lets face it HBB (hit by a bus) can happen any time

what is you mechanism or plan to inherent you BTC to your loved ones?

particularly if they are not IT literate.

In my view A person could easily loose your coins in so many ways if you do not understand what you are doing.

I would probably just leave my master seed in my will and split up my bitcoin into different wallets so it is spit evenly, hopefuly someone in my family knows about bitcoin and the techy stuff. Instruction my will will probably be cruical.

[shamzblueworld]

I'm thinking of sharing my private keys, passwords and how to use them with a couple of people in my life that I trust the most. I think it is quite important to do that especially if you have some decent amount that can actually be put to use.
I'll definitely be passing it on to my family and kids.

[carlisle1]

Lets face it HBB (hit by a bus) can happen any time

what is you mechanism or plan to inherent you BTC to your loved ones?

particularly if they are not IT literate.

In my view A person could easily loose your coins in so many ways if you do not understand what you are doing.

That would be a problem if ever they are not a computer literated or they don't even know how to use a computer basically, but in my situation every member of my family are computer literated I already told some of them what is bitcoin yet they don't understand deeply how is it working as of now I haven't made a plan yet because for me it's too early to bother myself about that

[Dudeperfect]

Interesting topic. Anything can happen and we should take precaution for the safe future of our family. I am maintaining cold storage as my main destination for long-term savings and I have created a set of paper wallet + instructions to recover the Bitcoins lying that wallet. I have also created soft copies and stored it in various non-internet storage devices as a backup. In the case of my inability to instruct or pass my bitcoins to my family, I am sure my family members will be able to recover it. I also try to explain them about how it works and basic stuff regarding it.

[IGNation]

Start to teach them now, let someone you can trust learn about bitcoin and let them handle everything if you die if you don't have one then don't save money donate it spend it buy everything you want and enjoy it while you can.

[romero121]

Lets face it HBB (hit by a bus) can happen any time

what is you mechanism or plan to inherent you BTC to your loved ones?

particularly if they are not IT literate.

In my view A person could easily loose your coins in so many ways if you do not understand what you are doing.

I would probably just leave my master seed in my will and split up my bitcoin into different wallets so it is spit evenly, hopefuly someone in my family knows about bitcoin and the techy stuff. Instruction my will will probably be cruical.

If this is your plan please change it, because if someone alone is aware of bitcoin and the rest were not techies then surely the one will enjoy all that you've made for every people of your family. So make some alternate plans, I'll try to educate my wife and children, so if something happens they can make use of it.

[meliodas]

Thats just simple.Not IT literate person only uses bitcoins,there are some who just love using and have knowledge unto bitcoins but not totally an fan of IT and technology.Just explain it to your closest love ones i think the best way

[DainSLane]

First i explain to my brother what is bitcoin how it works and the bitcoin basic like different types of wallet, then i also encouraged him to read news about bitcoin so he can keep track what is new and after that we will work together to earn bitcoins.

[lighpulsar07]

Lets face it HBB (hit by a bus) can happen any time

what is you mechanism or plan to inherent you BTC to your loved ones?

particularly if they are not IT literate.

In my view A person could easily loose your coins in so many ways if you do not understand what you are doing.

Well honestly i don't like to die by hitting by bus or any vehicle but back on the topic since accidents happens anytime and we don't know when it happen so, i told my family mostly my sister since she has more understanding in technology and told her most of the bitcoin's technology.

[iamTom123]

In this world we live in (and we can even see this also a feature of Bitcoin) there is nothing guaranteed we are all surrounded by uncertainties sometimes everything can be a gamble. No one can precisely predict what can happen tomorrow or in the near future sure we can plan but not all of our plans do come true. In other words, we are really all humans.

As for my Bitcoin transactions, I make sure that am putting them on a notebook which my family can have access when I am unfortunately gone to the next level of existence. Hope they can use it for their own good and continue on have a faith that Bitcoin is the future and the next phase of our economic ecosystem.

[Prodigan786]

I am not having plan to keep any physical property or bank balance for inherent kids or grand children . Money is meant to live life.my earning is enough for my needs .so any bitcoin earning I will make sure to sell proper time

[grermezter]

Lets face it HBB (hit by a bus) can happen any time

what is you mechanism or plan to inherent you BTC to your loved ones?

particularly if they are not IT literate.

In my view A person could easily loose your coins in so many ways if you do not understand what you are doing.

At the moment, my younger brother is the only who has an idea about what bitcoins is, but he doesn't have any further knowledge about how profitable it is, But he can learn quickly, I will put all information to my wallet and investments in a safe and give the access to my lawyer, if he gets access to the safe he will know what to do.

[SimmonenY]

As I've already written in another thread, I'll divide the keys from my wallet in half for each of my children and hide it somewhere so they will have to go through a quest and join effort to get the money.

[ilovefeetsmell]

Lets face it HBB (hit by a bus) can happen any time

what is you mechanism or plan to inherent you BTC to your loved ones?

particularly if they are not IT literate.

In my view A person could easily loose your coins in so many ways if you do not understand what you are doing.

If my loved ones don't know how to use computer or inside of technology. I would pull out my bitcoin then  I will convert into fiat currency. I would input my money in the insurance company. We will benefit from doing that. It is not enough to teach one person in one click. We can help ourselves to do that. I am planning that and I hope I can do it soon if I have a lot of multi bitcoins in my wallet. What if my inheritance is just a kid? What he gonna do? He is a computer illiterate. He must be insured on your own decision.

[Russlenat]

These is a good question then on how to pass our bitcoin in case of emergency happen to who had it!
I think for now I share my account to my wife now then to be sure that my bitcoin earning will not go to loose.

[UCHCHILD]

I guess this is a good idea to ope up this topic even it looks and sounds fool but we need to be ready if this thing happen unexpectedly. So now I decided to put the details of my accounts in a sheet of paper like diaries or memo or notebook where they can find it easily and put all my accounts details, the numbers the passwords in my ATM, bank accounts and even in bitcoin so they can access it easily.

[Kakmakr]

I left a CLUE for my family in my Will to the location of my paper wallets. I also stored instructions on how to sweep paper wallets at the hidden location. I also trained one family member and a friend that I introduced to Bitcoin in the methods to sweep paper wallets, as a backup plan. So they just have to read the Will to find the clue and they will get to the location of my treasure. Let them work for it, they are getting it for free. ^smile^  

[Remainder]

I just past it now to my family but I put it in a box, in a box there is a letter and a list of all my bitcoin account so they can know how to get that amount or they can continue what I am doing.

[Scorpion]

I will make a self video explaining about bitcoin and all my holdings. I will explain detailed accounts in the video and will write down all the account details like password and username. The private keys I will keep in safe which they can access easily. I think that would be easiest way to pass on my bitcoin or any fiat I'm holding. If anytime I get more than millions of holdings then I will mention that in my will as well. 

I like this answer, I just might use this idea. Thank you for sharing frowsiter.

[Kidmat]

Actually I dont have plan yet for this. Because I dont have much bitcoin in an online wallet. Though my love one already knows my details in my online wallet. He is aware already of my account, just of proper informing them of my account all.