What happens to your Bitcoin when you Die?

[drachman]

This is a good question that most of us are not aware of. We must have a contingency plan and eduacate some in the familty about cryptocurrency so that whatever happens to us, someone can access our virtual assets. Also make some backups with some instructions and let it be  keep by someone of our trusted family mebers or even in teh Last will

It is not that easy, even if you trust your family members the whole point of bitcoin is to not have to trust anyone so we need to device a solution that allow to us to give our keys to our family members but that also allow us to do it only until the end of our lives.

[MFahad]

Well my family member have zero knowledge about the bitcoins.So maybe after my death all of my coins will be waste. Since non of them have my private keys nor my passwords. I have not made any backup keys for my wallet. This post force me to think about the backup maybe i should made one and share with my family.

[markleal]

Did you guys teach your family members on how to access and use your Bitcoin in case you will die?
Do you want to take your Bitcoin with you when you're gone?

Let me hear it from your own opinions...

Hi there Lewoll! I think I found something similar to your question a month ago. Anyway, when account holder dies and the wallet company notice that the account is inactive and no one came to claim  the bitcoins, I think they will be the one who could get it. And no one could ever notice that they go back to the wallet company, because no one is wiling to check the transaction of the address. Thus, it is always good thing to educate your family or friends on bitcoin.   

[Destroyeroff98]

If you leave your children and relatives with keys to your wallet, they will be able to use your Bitcoins. In another case, your coins will simply remain "in the air."

[caloy06]

If ever I am die my bitcoin it will be happen to give to my brother to continue my started to earn bitcoin.I'll give my bitcoin to maintain and more increase my bitcoin and to helps my brother to in his life and for the future if ever he got married and sons it will be bitcoin solve for the situation needs a income for his family life and for sons education.

[LogitechMouse]

If the time come that I will die, maybe I will teach to my kids how to access in my bitcoin so that they can use it for themselves but I am too young to die at this moment because I am just 20 years old . I don't want that my bitcoins will remain on my bitcoin address forever.

[Palider]

Did you guys teach your family members on how to access and use your Bitcoin in case you will die?
Do you want to take your Bitcoin with you when you're gone?

Let me hear it from your own opinions...

If that happens without anyone knowing your bitcoin account and security, it would be useless and be gone forever. So it's advisable to inform your most trusted family member about your bitcoin account  so that it wouldn't be useless if in case something like that or an emergency happens. At the end of the day, it's better to be prepared.

[syahdurindu]

Did you guys teach your family members on how to access and use your Bitcoin in case you will die?
Do you want to take your Bitcoin with you when you're gone?

Let me hear it from your own opinions...

yes, I teach my family how to access and use bitcoin, I also tell them about account and account password I have, so if one day I die then bitcoin and other coins that I have will not be lost but can be used or continued by family me, i think this is the best way to store the treasure we have in bitcoin...

[harbin55]

Once the owners dies it will generate income no matter what happens, As long as it is in investments and etc.
The decedents and other relatives has a right to claim it if there is any stipulation in last will or if they are legitimate child. So your earnings will be use by your children and start a new life.
You are assured that they can be settled in a good life with cryptocurrency.

[vinz7229]

Well, it will be sent to my children or relatives, I guess 

that would not be possible unless you share all your important information to your love once, that's why for me i do always share everything to my wife, even my password and private keys, cause you can never tell what will happen in the future. it's better to be safe than never, cause it would be useless if you don't share it to your family cause they cannot access your account if ever there's something happen you.

[bjjobg55206]

Well, it will be sent to my children or relatives, I guess 

Give me your address and key first, do not waste it.

[bjjobg55206]

if i die i think bitcoin still there but no body  can open and claim my account.

How do we pass on our bitcoin after we die - not just to avoid those legally unnecessary estate taxes, but also to protect our private keys from when we were still alive.

[Jap20]

Maybe it's running out of your life because it's running out of it. Unless I've shared it with your family with your knowledge here, we can say that your bitcoin account flow continues

[dreico]

Well, in case of such an outcome, I probably bequeath it to my children or family members who will understand this, and maybe something will change in a few years

[@minajeryll]

Did you guys teach your family members on how to access and use your Bitcoin in case you will die?
Do you want to take your Bitcoin with you when you're gone?

Let me hear it from your own opinions...

We never know when is our last day unless you have a severe disease. So in preparation, it is better to teach your family members how to access your bitcoin. At least you dont just die, you die with a big smile by helping them.

[mevmike]

Once the owners dies it will generate income no matter what happens, As long as it is in investments and etc.
The decedents and other relatives has a right to claim it if there is any stipulation in last will or if they are legitimate child. So your earnings will be use by your children and start a new life.
You are assured that they can be settled in a good life with cryptocurrency.

this situation you offered will only be true if the owner of the coin has been able to save his/her keys somewhere that is accessible to their descendants.
but we can't deny the fact that there are people out there who have been to greedy about their earnings that they haven't even thought of making it accessible to their heirs.

[cetel]

Inform your children your data and they will use my bitcoins

[ZIM17]

your die bitcoin account may be dead if you happen to be so.
That's a good thing to do that you can share what you know with your
friends or your sibling's child so that you have left them as a remembranyour dead bitcoin account may be dead if you happen to be so.
That's just the way for you to leave a very important thing in the world. Because we can not tell you when we are lost because we barrow Our lives we do not hold any time for us.  

[Shwester]

Unlike retirement funds or even savings accounts, no one needs to know that you own them, or how much you have in them or indeed how to access them without you. But I think any family member who knows about it can claim for the remainings.

[Eterbank]

I guess it is lost forever, and then there is less bitcoin for everybody else. Price goes up