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Author Topic: If you die; what will happen to your accounts  (Read 104 times)
Leteravian
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June 05, 2018, 06:53:33 AM
 #1

Let's say that one day you died for any reason and no one in the family understands these things or you do not have family.

What kind of plan do you have ?
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June 05, 2018, 07:31:12 AM
Last edit: June 05, 2018, 07:50:24 AM by theyoungmillionaire
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 #2

You should have read these topics before starting a new one:
https://bitcointalk.org/index.php?topic=3776959
https://bitcointalk.org/index.php?topic=4290183

These will help you:
http://www.lastpass.com

Quote
LastPass has an Emergency Access feature that lets you give trusted contacts access to your password vault. To add a trusted contact, open your LastPass account and click Emergency Access. Click Give Emergency Access and type in your contact's email address. Choose a wait time for how long that contact will have to wait when they request emergency access (anywhere from "immediately" to 30 days). If your contact requests emergency access, you will have this amount of time to reject their request before they are automatically granted access.

There are a few open topics in the forum about this. y recommendation is that all the information is stored in a file and then password protected. Then you create 3 copies of the file and give them to three people you trust. Lastly divide the password in two and put these two pieces in two different bank safes. You may want to use 4 safes to have two copies.

If the amount you have does not justify these expenses, you can just give parts of the key to trusted people or to 2 lawyers, notary public or similar.

Securing your private key is quintessence here, but there are some issues pertaining to your private key security what if something happened to you? How can you hand it over if you are already dead, right? These topics are relevant on how to transfer digital assets to your next of kin. I have read about “Coinbase” having this custodial service, in which they will hold your private keys. If ever something happened to you or in case of any fortuitous event (leads to your death). They will protect your keys until such time your legal heir(s) can provide legal document, e.g. death certificate and/or your will to transfer your digital assets.  I think it would not fit to what bitcoin is all about, for it is anonymity currency. Inheritance of digital assets remains a top topic today and securing your private key is the tailback.


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June 05, 2018, 12:08:27 PM
 #3

Thank you for the information
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