Bitcoin/alts in your will (?)

[Crytptohack]

You'll also need the info for all of the exchanges that you have an account on. (If you have anything there...)   Your phone still needs to be active as well for 2FA.......hope no one wipes out that SIM card!

[strickland]

You'll also need the info for all of the exchanges that you have an account on. (If you have anything there...)   Your phone still needs to be active as well for 2FA.......hope no one wipes out that SIM card!

Exchanges will be long gone, there is a better method to storing your coins. It's just storing them on a simple computer.

[vkwame30]

Is a good topic and I haven't  ever taught of that. If I don't will my altcoins now I might end up in grave with it.  But the problem  is what if the one you will to don't have knowledge  in crypto  currency

[teejaymuna]

I haven't quite thought about something like this. Maybe it's because my investments in BTC are not significant yet. It is a valid point you have raised however. I think one should make their wallet keys and other account access info secretly bailable to someone very trusted. I know it's hard to trust people but you just have to trust someone.

[Joe1987]

My parents told me few month ago "Hey, son! We know you are in cryptos. Its very interesting. Can we take a part? Here is money - buy some of it for us". So i'm personal trader of my parents and have access to their wallet)

[raminh]

Is a good topic and I haven't  ever taught of that. If I don't will my altcoins now I might end up in grave with it.  But the problem  is what if the one you will to don't have knowledge  in crypto  currency

You should learn him/her or your wealth will be lost forever. You can also write an instruction in your will.

[SUDARMONO]

sometimes I also think of you as the relationship between our death and bitcoin in the storage wallet, and after a long time I think I decided to save my important data such as email, paswod and private key in the notebook, so that if I die they can using and asking my friend who knows about bitcoin, that's my way.

[Pasaway2701]

I'm younger than the author, but I thought about it myself. For this I did not invent anything too abstruse, but simply informed all my wallets and passwords to my beloved bride. So if, God forbid, something happens, she knows how to access my crypto accounts.

I think it is better to teach them as well how crypto works. Even they know passwords, keys and other important details where you store it, they can process it on their own. They also need knowledge about cryptocurrency so that altcoins cannot be buried on your account and just forget it.

[batang_bitcoin]

Do people here have a plan to 'will' their cryptos to their families?    

I do and if you know Hal Finney he did this thing, you can read his story here. https://bitcointalk.org/index.php?topic=155054.0 Almost identical situation you gave on what he went through with, even I didn't catch him up - he's a legend.

Do others have access to your crypto stash?

I have taught my relatives about crypto but I'm not giving them any access for it now. What I did was teaching them step by step on what procedure they have to do. They must understand the whole thing before getting to that point of doing something before unexpected things might come.

[khaled0111]

You can write your will and write on it all your passwords and private keys. Give it to your lawyer and he will pass it to your relatives when something happens to you. This is the easiest and safest way.
Or just give your private keys to your brother if you trust him enough.

[f150]

I was thinking the other day that if something happened to me and I was unable to speak or was in a coma, some of my BTC and 'alts' may be locked up forever...?

My brother is into cryptos, so he may be able to get into my Ledger Nano S w/the 24 word private key (which he would need to find), but there are other wallets w/pass phrases and keys to get into. He would need to search around for them on my PC, laptop, external HD, thumbdrive....  And if I placed a password to access them in a file, he would never get in...

Do people here have a plan to 'will' their cryptos to their families?  If your parents, brother, sister, etc.. are not technically inclined or do not know anything about BTC, are they even going to gain access to them? (If they even know you have them...)

Accidents happen and you really never know what is going to happen to you each and every day. (I'm >50 and can have a heart attack!)  Well actually I'm in decent shape b/c I'm a cyclist. That being said, I can have a cycling related accident... (both road and mtb for those interested)   

I'll probably end up producing a paper list to give to my brother. It's not really safe to have electronic copies of passwords/private keys lying around and on a PC that you connect on-line...

Ideas?  Do others have access to your crypto stash?

 

I understand what you mean and it will all happen to all of us, therefore we should be willing to make a will. because later I will definitely experience it, And in that will I write in detail so that my successors do not find it difficult to understand. so my bitcoin and altcoin are not locked for good, and can be used by my successors.

[Suharti12]

Sometimes we have time to think like that and also wary it will happen, I prefer the steps to save in paper books to save email, paswod and also private key, and I think it is safer and easier to find when something happens in me unexpected.

[cryptoheroin]

If you are holding a lot of bitcoins lawyers wont be a good option,i suggest you have some statement in case you passed away,write it in a single paper or in a file in your computer and compress with password and put it in your email,then give the email address to your love ones,put some 2fa in your email so if you die only your love ones who has your phone can open the email your wallets and keys are stored.

[Turk Ace]

Crypto currency had value and as such can be put in your will just like bonds and stocks and Fiat is. I will put it in my will and my father has my privatekeys stored away in his safe at his house should something happen to me. When I'm older and he dies I will give those privatekeys to my brother.

[Xenrise]

I was thinking the other day that if something happened to me and I was unable to speak or was in a coma, some of my BTC and 'alts' may be locked up forever...?

Dude, that is why we have sickness for us to be determined if our state is not that stable right? Of course it will be locked up forever, if you don't tell them the priv keys of your wallets.

Everybody has these thoughts. But I am a teenager so I am somehow not worrying about this event.

My brother is into cryptos, so he may be able to get into my Ledger Nano S w/the 24 word private key (which he would need to find), but there are other wallets w/pass phrases and keys to get into. He would need to search around for them on my PC, laptop, external HD, thumbdrive....  And if I placed a password to access them in a file, he would never get in...

Do people here have a plan to 'will' their cryptos to their families?  If your parents, brother, sister, etc.. are not technically inclined or do not know anything about BTC, are they even going to gain access to them? (If they even know you have them...)

It seems like you'll have a sickness or you're just a pessimist that is afraid in seeing future. Be positive bro. But if you are a pessimist person, tell your passwords to them as soon as possible and teach your family cryptocurrency. Include it on your will dude.

[Omega Weapon]

I was thinking the other day that if something happened to me and I was unable to speak or was in a coma, some of my BTC and 'alts' may be locked up forever...?

My brother is into cryptos, so he may be able to get into my Ledger Nano S w/the 24 word private key (which he would need to find), but there are other wallets w/pass phrases and keys to get into. He would need to search around for them on my PC, laptop, external HD, thumbdrive....  And if I placed a password to access them in a file, he would never get in...

Do people here have a plan to 'will' their cryptos to their families?  If your parents, brother, sister, etc.. are not technically inclined or do not know anything about BTC, are they even going to gain access to them? (If they even know you have them...)

Accidents happen and you really never know what is going to happen to you each and every day. (I'm >50 and can have a heart attack!)  Well actually I'm in decent shape b/c I'm a cyclist. That being said, I can have a cycling related accident... (both road and mtb for those interested)  

I'll probably end up producing a paper list to give to my brother. It's not really safe to have electronic copies of passwords/private keys lying around and on a PC that you connect on-line...

Ideas?  Do others have access to your crypto stash?

  

This is one of the biggest holes in bitcoin, how to transfer our wealth once we are gone, I have a person that I absolutely trust, my mom and while she is not very technological inclined I have done everything in my power to teach her how to recover my BTC in case something happens to me also she has access to all my private keys, but for people without a person like that they will have a lot of problems when they get older.

[datodota002]

This is still something that is often discussed because we do not know what will happen with the future or even tomorrow, my opinion is the only thing to face the problem is to give your private key to people who really you believe, like brother, sister , mother or child. and at least we should teach them how to dilute the bitcoin to be useful to them.

[Raigeki.]

I already think of this also.. my sister is in to crypto and me also.. maybe we should make a will with step by step.. if in the future something happens to us , our family will benefit to the cryptos that we have. Just be careful if they ask for someone your family know that has a knowledge of crypto because they may take an advantage of their knowledge and your family may not able to enjoy your bitcoins...altsss

[Bessta]

I will just entrust  my cryptos to one of the trusted family members and give him/her the list of beneficiaries of the proceeds of my cryptos. The idea of putting the recepient/s of your bitcoin and alts in your will is just fine because we can never tell our future. It us better that we put everything in order while we have the time to do so. For those who dont have somebody to entrust their cryptos, that would be a problem so at this early they should think and plan what to do now.

[kevoh]

It seems like you'll have a sickness or you're just a pessimist that is afraid in seeing future. Be positive bro. But if you are a pessimist person, tell your passwords to them as soon as possible and teach your family cryptocurrency. Include it on your will dude.

How you manage to translate preparing for the unexpected into pessimism is beyond me. Life deals people heavy blows when they least expect it and the best one can do is to be prepared.

Be 100% positive for what exactly? Positive that you will live forever or positive that your crypto portfolio will translate into massive wealth? How do these translate into your portfolio not getting locked forever in the case of a tragedy?