Inherit coins to my family after passed away

[yishak]

You could give one of your family member, that you trust ,your private keys before you pass away. Or maybe you could write it in a note or some kind of will then they will be able to discover it once you have passed away. Btw , Does your family have knowledge of Bitcoin?

[Ewox]

I actually gave this a much thought and made me realize since I wanted my kid to inherit my coins especially bitcoins, I wrote the private keys on a piece of paper and placed it in a vault. I know it sounds cliche and all but I really think the old school would still be the best way to pass it on to the next generation.

[TrueAnon]

Well you might have to write the information in a document stored on a safe laptop and hide it in a vault somewhere :p sounds very james-bond like hey at least you'd be sure the information would get to your family safely

[Tigran88]

Everything is very simple. You just write a will and leave the key to the banking cell. Describe in detail the instruction and put it in the cell together with all the private keys and flash drives.

[bitcub]

You are a wise father. I would do the same someday. Better orient them about crypto currency, specially your spouse. Let them become responsible to keep the private keys safe. Its like a pot of Gold inside your house that can be stolen if not properly kept.

Personally, I have left multiple copies of my Ledger Nano S and wallet seed's in family safes. Currently none understand the concept of private keys and seeds, but I hope to purchase another Ledger NS to demonstrate recovery process once I am able to help educate them on crypto and the importance of seed phrases.

[Singbatak]

I thought of this as well. We will also be digital in terms of future heritage. If you ask me. of course you will teach that you will give your private keys and other important internet income. Because I do not know how to unlock your wealth. You can give it to your child especially that it can pass on your knowledge and your valuable resources

[splat44]

I will give them my private keys and seed phrase wallet. but right now they don't even know how i am doing. I printed my bitcoin address and wrote down my private keys and store it in safe places just my two sisters know about it.

[danherbias07]

That wpuld.be quite tricky especially of the people i'm supposed to leave my btcs with don't have any idea what it is. Keeping a ledger also would mean that i have to introduce and teach them about bitcoin and crypto and that's where the challenge mostly is. If ever i gather a significant amount of btc for inheritance, i probably would teach them slowly about it.

This is the answer to it.
You will need to leave two flash drives. One for the account and another for the video that will teach whoever will inherit it.
Then, it will be up to them what they want to do with the coins. You wont need to worry or you cant worry because you are already dead. 

[HashFace]

I keep an envelope in my safe of my private keys, passwords, and instructions on how to recover wallets.  I figure someone in my family will find it if I die.  Putting it in a will is not a bad idea, but I have to wonder if it safe since wills are often reviewed and handled by lawyers and their staff ... you may be exposing your info to god knows who.

[Irvinn]

To make a will for the possession and disposal of crypto currency, you first need to know whether the crypto currency is recognized as property in your country. If not, then the will does not help here. Better, of course, in case of death, leave your heir printed addresses and wallets keys, or, even better, save them on a separate memory card. It is desirable that the heir should have an idea of ​​how to use it all. All other options are very complex and based on trust.

[Arkhan.Cimot]

before I leave everything I have I have made a wallet and secret key to pass on to my family and in one of the family, I will teach like my sister to know about bitcoin so my sister can hold what I have inherited to my family so I do not worry when I'm not in this world or die. because one of my family can understand the crypto world so my sister knows access to all the inheritance I left behind.

[harizen]

The only one who know my coins investments, wallets, private keys, is me. So the question is how to inherit this information to my family? to give them privilege to access it after I passed away  .

You just have to teach someone else and that's it. If they don't understand it then just take note of it on a simple explanation and up to them how they will able to understand it. Once you left this world (knock knock lol), given that you already gave them some informatoin about your concern, they will push themselves to know what those really are and I think they will get an assistance for other persons.

Just be sure that their effort will be worth it and not at the end of the day, they will just saw a BTC0.005 stored coins. lol.

[MawanWawan]

in my opinion, we should give positive feedback to our families about this bitcoin.karena bitcoin become one of the digital currency which is increasingly recognized by many countries. so from this bitcoin result we have to give and teach to our family.

[pamelawjd]

I've been working on this problem for over a year now and have published some free resources for the community to use. Take the templates and make them your own, delete whatever doesn't make sense for you (including the references to Third Key Solutions if you want) and add the things that do. Good luck!

Humans Die. Cryptocurrencies Don't. https://medium.com/@pamelawjd/humans-die-cryptocurrencies-dont-d392627bb15c
Letter to Your Loved Ones. A template to help your heirs understand your cryptoassets. https://medium.com/@pamelawjd/letter-to-loved-ones-a-template-for-your-crypto-estate-planning-4ee0975434e4

[agorkems]

That may be possible in the near future and KYC are going to be the next thing to ensure more improvement to cryptocurrecy as a whole. Or simply just let our family members know about the account details in case anything happen?

[bennybeezy]

good question never thought of that! especially if you die/get killed unexpectedly. as uncomfortable a conversation as it may be with your spouse/sibling/significant other, I do agree that it's important to have a contingency plan in place, especially if you already have a sizable amount invested in crypto. it would be great to have a crypto custodian, if you will, that would be tasked with presenting the otherwise confidential wallet info, portfolio, etc to next of kin in the event of death. So, similar to an attorney but someone who is specifically tasked with providing that info and that info alone. Since cryptos are all unregulated, a code of ethics may not necessarily apply to attorneys and so, as many have stated, you can't necessarily trust one 'to do the right thing' if/when the time comes. then again, a Crypto Attorney may very well be the next big thing once a Digital Currency Law becomes a thing!! 

[qwertyup23]

That may be possible in the near future and KYC are going to be the next thing to ensure more improvement to cryptocurrecy as a whole. Or simply just let our family members know about the account details in case anything happen?

Explaining bitcoin as an investment is easy to understand since it totally falls under the aspect of any other investments (bank investments, bills, treasuries etc.). Regardless of the value of bitcoins in the future, it is still an inheritance that forms as a bonus. They have the authority whether to spend it, or keep it in taking advantage of its volatility. Regarding your question, you can always keep your coin in a wallet that is commonly-used by most individuals in order to reduce the risk of scamming in the long-run or you can also create multiple wallets if you think that it will solve the problem of scamming or hacking.

[rachelia13]

If you want to inherit your coin to your family when you die, maybe the thought of people is to make a inherit letter that containing information about your coins, but this is a bit risky because you have to tell your key wallet etc, i think you have to start teach your wife or child about coins and how to manage them, so that if one day you die, your wife or child can continue to manage the coins you inherit.

[Larva14]

The only one who know my coins investments, wallets, private keys, is me. So the question is how to inherit this information to my family? to give them privilege to access it after I passed away  .

This can only be done if you include it to your last will which is prepared by your lawyer. This is a bit risky because you need to supply all the information needed. To ensure that no leak of all your information that concerns the cryptocurrency, it's good to have a signed contract between you and your lawyer where he/she is liable for any leaks that may happen before and after you diedededed

[Bakemat]

The only one who know my coins investments, wallets, private keys, is me. So the question is how to inherit this information to my family? to give them privilege to access it after I passed away  .

Yeah , that is what i asking to myself also what i die in a accident ( wish that does not happen ) what happen to my bitcoin i think its a good idea to make Bitcoin a Automated Script Method which ask the holder every year if he/she was alive or dead. Then give some info about family so the love ones can access the Bitcoin even though the holder died. Its a waste if you die then your investment cant spend or your family does not have the access to use it.