Who Controls your Crypto Funds after Death?

[anexxty009]

Funny, strange but yet so real, right?

So if one dies, all the money will get stacked on blockchain and exchanges?

I have about 90% of my funds in crypto and was just wondering over the above?

If you tell your wife, she might kill you and enjoy it with the boyfriend lol &
Hahaha yh and you can't trust even your family....

If they don't kill you probably because they are good siblings...once they know you have much, demand will go high lol

Many will say why not write a will, why not tell a friend etc.. 

But one needs to do this,  I know we all might have our opinions,  let's share and see if we can come to a uniform and decentralized solution....

[masulum]

For me, Wife is the number one person to be got my account. Because, i have a son, so my asset can be for him someday if i die. My parents, it impossible because they not understand technology even to open my laptops

I will always believe my family, even if they kill me because i have million dollar (not yet fot today lol), god not sleeping. they will punished them.

[davis196]

Nobody.I want all my crypto funds to be donated for charity purposes after I die.
I will have to talk with a lawyer about this.

[CryptopreneurBrainboss]

First you have to enlighten your relatives on what  bitcoin/blockchain technology is all about, how to access bitcoin wallet, trade on exchanges etc so when you're gone they don't have to rely on any third party to access their inheritance next you should employed the service of multisig wallet to solve this issue. You should have a special multisig wallet were you keep the bitcoin you intend passing on to your wife and children incase of sudden death.

For example, lets say you decided to make use of a wallet that requires 3 keys to authorise a transaction, you should give one key to your son, another key to your wife and the 3rd key which is yours to hold should as well be attached to your will and willed to the next trusted family member (son or daughter) that's if you have anymore kids but if you dont preferable wife so they can access the fund and how the fund should be shared also has to be stated in the will.

As for coins on exchange, there isn't much you can do as that one is all on you because the community have warned time without numbers, don't store funds on exchange. If you don't own the Private, it isn't your coin. Funds on exchange should just be for quick transactions and if you're to loss those due to death it won't be that much.

[odolvlobo]

Ultimately, whoever has the private keys controls the coins whether they are alive or dead. If you want someone to gain control of your coins after your death, you must give them access to the keys somehow.

[coin-investor]

Funny, strange but yet so real, right?

So if one dies, all the money will get stacked on blockchain and exchanges?

I have about 90% of my funds in crypto and was just wondering over the above?

If you tell your wife, she might kill you and enjoy it with the boyfriend lol &
Hahaha yh and you can't trust even your family....

If they don't kill you probably because they are good siblings...once they know you have much, demand will go high lol

Many will say why not write a will, why not tell a friend etc.. 

But one needs to do this,  I know we all might have our opinions,  let's share and see if we can come to a uniform and decentralized solution....

It's better for your loved ones to acquire your cryptos than let the exchange owned it, I don't know why you can't trust your family, your family is the one that will help you and be with you until the end, do not hesitate to give them your inheritance they deserve it, in the eyes of the law and of God your relatives and loved ones deserves your inheritances.

[richminded]

I trust my family, and I hope they will control it after my death.
Yes, we can't trust anyone but we have to create a strong relationship with our love ones so they can be good to us and let them live more better even if without you.

[creeps]

I soon to have my own family, and I want them to have a better life and that is why I keep on working to get more cryptocurrency so they can have the money and continue their life without bothering where to get the money. Yes, we all have different goals and plan for all our cryptos, but my priority is my family and I don't care if they will spend it in a bad way or force me to give it to them as long as I know I was once become a good family to them, and treat them right.

[playboy654]

OP if you are not trusting anyone other than you,then don't care about your funds after death because it will be safe forever and not accesible by anyone.

[Daniel91]

Right now, apart from me, no one else controls my crypto funds.
I trust only my wife but she is very skeptic about bitcoin.
Anyway, I will have to convince her that bitcoin is something serious and valuable and then explain everything to her before I die.

[bhabygrim]

Funny, strange but yet so real, right?

So if one dies, all the money will get stacked on blockchain and exchanges?

I have about 90% of my funds in crypto and was just wondering over the above?

If you tell your wife, she might kill you and enjoy it with the boyfriend lol &
Hahaha yh and you can't trust even your family....

If they don't kill you probably because they are good siblings...once they know you have much, demand will go high lol

Many will say why not write a will, why not tell a friend etc.. 

But one needs to do this,  I know we all might have our opinions,  let's share and see if we can come to a uniform and decentralized solution....

Funny about how you think your wife and family would kill you just for your crypto.
Don't you even trust them?
Your wife would enjoy it with her boyfriend? only if she doesn't really love you and only stays for your money.
But so far I would just split it up to my family and my wife they should be the one to use it since it is my money .

[TimeBits]

Funny, strange but yet so real, right?

So if one dies, all the money will get stacked on blockchain and exchanges?

I have about 90% of my funds in crypto and was just wondering over the above?

If you tell your wife, she might kill you and enjoy it with the boyfriend lol &
Hahaha yh and you can't trust even your family....

If they don't kill you probably because they are good siblings...once they know you have much, demand will go high lol

Many will say why not write a will, why not tell a friend etc..  

But one needs to do this,  I know we all might have our opinions,  let's share and see if we can come to a uniform and decentralized solution....

I want to make a system with DNA and COSIGNING a contract.

Father wants to leave son farm and a few million in his account.
Both Father and Son cosign the contract with DNA, IRIS SCAN and or FINGERPRINT on the blockchain.
Father creates a contract that when his DNA goes stale (they know he is dead because they compare the dead dna to the alive dna) the contract gets pushed to the son.

There is a few ways to do this, father can have a dead man switch, that he has to renew each year otherwise it gets sent to the son or when father is tested on blockchain once a year for his blood at a hospital they will know he is dead.

This can actually lead to solving every murder.
https://bitcointalk.org/index.php?topic=5141142.0
It is blockPOP

[bitstashco]

Funny, strange but yet so real, right?

So if one dies, all the money will get stacked on blockchain and exchanges?

I have about 90% of my funds in crypto and was just wondering over the above?

If you tell your wife, she might kill you and enjoy it with the boyfriend lol &
Hahaha yh and you can't trust even your family....

If they don't kill you probably because they are good siblings...once they know you have much, demand will go high lol

Many will say why not write a will, why not tell a friend etc..  

But one needs to do this,  I know we all might have our opinions,  let's share and see if we can come to a uniform and decentralized solution....

I want to make a system with DNA and COSIGNING a contract.

Father wants to leave son farm and a few million in his account.
Both Father and Son cosign the contract with DNA, IRIS SCAN and or FINGERPRINT on the blockchain.
Father creates a contract that when his DNA goes stale (they know he is dead because they compare the dead dna to the alive dna) the contract gets pushed to the son.

There is a few ways to do this, father can have a dead man switch, that he has to renew each year otherwise it gets sent to the son or when father is tested on blockchain once a year for his blood at a hospital they will know he is dead.

This can actually lead to solving every murder.
https://bitcointalk.org/index.php?topic=5141142.0
It is blockPOP

Just curious, couldn't this be determined if there was a DNA sample left out to "go stale"? Or would there also need to be an implant of some sort to test the host dna at all times?

Pretty crazy idea, maybe just have a paper wallet for when you pass to also pass this down?

[TimeBits]

I think you just do the test each year, or whenever you want and if it comes back as dead, you know the person is dead. (whenever you get blood work)
You as the Father, could push the timer back if you are still alive, so you don`t have to do the test so often.
Paper wallets can be lost and stolen, this is locked on the blockchain, A will locked in blockchain through DNA.

Think about it, if we had everyone's DNA on a blockchain what we could do with that, literally no one could murder each other with a few cams. I mean they could but they would get caught instant.

[sandra_x]

If you cannot trust anyone , you can atleast have a vault where you keep sensitive materials, certain your wards should have access to such legally should there be some unforeseen circumstances where you are unable to do such, all you need do is to list them as your next-of-kind or will the vault to them 

[TimeBits]

I think you just do the test each year, or whenever you want and if it comes back as dead, you know the person is dead. (whenever you get blood work)
You as the Father, could push the timer back if you are still alive, so you don`t have to do the test so often.
Paper wallets can be lost and stolen, this is locked on the blockchain, A will locked in blockchain through DNA.

Think about it, if we had everyone's DNA on a blockchain what we could do with that, literally no one could murder each other with a few cams. I mean they could but they would get caught instant.

I do fear some will use this tech to kill off entire races. They can even do it with databases like facebook through images.

[bitstashco]

There will also be some very rare instances where the entire family might die at once in a car crash or something tragic...

I think there should be safe guards set in place in case anything happens that way the crypto does not just become locked and the supply reduced. I have seen cases where people pass and their crypto is locked for a while but they eventually regain access after finding the private key, paper wallet, recovering passwords, etc.

It is something that everyone should at least prepare for, that way their loved ones can be taken care of after you are gone.

[nickenburg]

This is actually a very serious problem I have been thinking about this, and I dont think there is a good solution for this yet.

Because if you give your private keys/login to someone else, it is a risk what if the person loses it, or it gets stolen?

At the moment if u have a lot of crypto I would store it in a safe you own yourself and you tell the person in question about it.
Or you could go to a notary and divide your crypto after your death that way.

In the future I imagine you could just have ur testoment on the blockchain and when u die, it will divide itself to the persons you setup yourself.

[LTU_btc]

I haven't thought much about it. I'm still young and I'm not planning to die soon. But you never know what could happen to you tomorrow - heart attack, car accident, terror attack, plain crash and etc. If I would die tomorrow, all my Bitcoin and crypto assets would be lost forever.
And I have no idea what I should do now. Maybe writting a will sounds like a good idea, but I doubt that I'm going to do that in nearest 20 years...
Probably keeping private keys/recovery phrase with instructions how to claim it in a vault sounds like a best idea. But still, I have doubts about it. Crypto for people without any knowledge about it is very complicated thing. So, these instructions how to take coins should be very clear that my family members would understand everything. Because now I'm failing to explain even some basic things about crypto sometimes.

[bitcoindusts]

It still depends on what kind of death we will be dying. If it will be unexpected death then i better do something about it while i still realized i have time but if it will be a slow death, and who knows it will be  ? I can still make everything arranged. To prepare for a sudden death, i would probably leave some notes for my spouse in the vault regarding my holdings and they will surely find out about it after my burial when they will need to dispatch all of my belongings.