Leaving Bitcoin as inheritance

[Cling18]

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It's my problem because my family doesn't know or doesn't even know what is bitcoin, so it's difficult to tell them at this moment I'm hoping that maybe soon because the world is getting exposure in bitcoin a lot of people maybe would be interested in bitcoin. We dont really know when we are going to die and if that happened your bitcoin is just going to be lost forever. But having a journal seems a good idea where they could read after you die where all of the details like private key password etc is in there since I already have one where are store most of my private keys. But for now, maybe I could say I don't trust them when my small investment .

You dont need for bitcoin to be adopted worldwide for them to learn.You should at least teach them by your own even with the basics or on how to access a wallet and able to

pull out the coins and able to exchange it with fiat and that should be enough.If you cant just trust them for now then dont reveal that you've been saving up some coins

and when the time comes that you die then they have the idea on how to open your wallet and of course you should tell them if you do have the chance but for more secure then

they do just give out some hint.

That's what I did for my daughter. Since she's computer literate already, I have shared the basics on how to access my holdings  and what to do with it. We don't know what will future brings so it's better to be ready for the possibilities. It's better that we'll have something to leave them in case unexpected things happen.

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[mlmdaily]

I think it just better to write your seed phrase in your teastment that will be read after your death

[supine]

If I die, my family can use my death certificate to rescue all my money from bank and appropriate all my posses.

But not bitcoin, I was thinking about how to leave bitcoins as inheritence in a safe way, minimizing risks of be stolen by my own family (still if I trust my family, they can store improperly the keys and be stolen, or forced to deliver).

The perfect solution, in my opinion, is a mechanism whithout intervention that reveal my keys to my family, this could be done if I do not access some service for a month, or if I don't store some stuff in the blockchain for a month or ... I don't know a solution. And only my family could access my keys, possibly they have keys that allow then to access my keys.

An good solution could be some artifact, like a file, that I can send to my family, or left it stored online and thar artifact could reveal my keys only to my family.

My basic ideia is:
1 - Encript the keys with your password, but must be a very strong password, resilient to brute force atack.
2 - Print the encripted keys in paper or some more durable medium and store securely in your home.
3 - Reveal to your family a limited set of characters with wich they can sucefuly find the password using brute force, in a short time.
4 - If you die, your family must get into your home/safe box, get the encripted keys and use the characters to perform a brute force atack in order to get the keys.

Does anyone have think about leaving bitcoin as inheritance? Is there already some solution to this? Thoughts?

Remind, Covid-19 is over here.

I also plan to leave all my crypto to my family as inheritance and I think the safest way is to leave some guide on how to operate and convert my crypto into Fiat.
But I want to be sure that only my family would get it so I am planning to create a message that would only be sent on a certain date if it is possible with all the details and everything that they need to know.

[Saisher]

This has been discussed multiple times in the past op. Check these threads out.

https://bitcointalk.org/index.php?topic=5097720.0
https://bitcointalk.org/index.php?topic=5194028.0
https://bitcointalk.org/index.php?topic=5106560.0

Its fairly simple really. Just store your crypto in a hardware or paper wallet(Powerful encryption) and share the complete password with people who you fully trust.

People are talking about it now because of the Pandemic, I read sometime ago that there is a service that specialize on this, but it's still preferable to educate your inheritors about the inheritance, in case they are not yet acquainted to Cryptocurrency, give them the hardware wallet and all the relevant information in a vault, maybe a video explaining everything about Bitcoin will do.

[Mpamaegbu]

My basic ideia is:
1 - Encript the keys with your password, but must be a very strong password, resilient to brute force atack.
2 - Print the encripted keys in paper or some more durable medium and store securely in your home.
3 - Reveal to your family a limited set of characters with wich they can sucefuly find the password using brute force, in a short time.
4 - If you die, your family must get into your home/safe box, get the encripted keys and use the characters to perform a brute force atack in order to get the keys.

Does anyone have think about leaving bitcoin as inheritance? Is there already some solution to this? Thoughts?

Remind, Covid-19 is over here.

On the flip side, death is as scary as s**t! Well, some day one will definitely die. That's inevitable. But what matters beyond one's ability to secure one's assets the best way one can is the need to always do good while alive. One thing remains striking while making every attempts to safeguard one's Bitcoin, no matter whatever password one uses, is that there is always that loophole where a costly slip could happen and then make a complete mess of whatever security one had by breaching it. Hackers are a clever set of humans. They're always trying to beat the network.

[Asuspawer09]

My basic ideia is:
1 - Encript the keys with your password, but must be a very strong password, resilient to brute force atack.
2 - Print the encripted keys in paper or some more durable medium and store securely in your home.
3 - Reveal to your family a limited set of characters with wich they can sucefuly find the password using brute force, in a short time.
4 - If you die, your family must get into your home/safe box, get the encripted keys and use the characters to perform a brute force atack in order to get the keys.

Does anyone have think about leaving bitcoin as inheritance? Is there already some solution to this? Thoughts?

Remind, Covid-19 is over here.

On the flip side, death is as scary as s**t! Well, some day one will definitely die. That's inevitable. But what matters beyond one's ability to secure one's assets the best way one can is the need to always do good while alive. One thing remains striking while making every attempts to safeguard one's Bitcoin, no matter whatever password one uses, is that there is always that loophole where a costly slip could happen and then make a complete mess of whatever security one had by breaching it. Hackers are a clever set of humans. They're always trying to beat the network.

The scary thing is we don't know when we are going to die  , Even at this moment I already think of this but still not doing it maybe when I have my own family I would like to teach them about this bitcoin, etc.

Or Maybe just print everything that your family needs to know so that when the time has come they are going to read those and figure out about your investment or bitcoin. Another scary thing is when you don't have an investment for them to inherit 

[Timelord2067]

The scary thing is we don't know when we are going to die 

Other than people hospitalised with a terminal disease or a person on "death row" (or on battle fields) we usually don't know when we're going to die.  Imagine being told you have years to live, not bothering to get a Will drawn up much less bother to put in place a Crypto handover then being involved in a car crash and dying before you can put any of those plans in place.

[shoreno]

Honestly, I don't understand the logic in the last two points. If you're willing to give Bitcoins to the family after death why the set of characters from password  revealed  to them must be  limited? Why not reveal a full password at once?  Or you want  members of your family  to practice the brute- force-technique?

brute forcing is hard to do  . even me that im familiar with it  i didnt learn brute forcing and how much more to those elder people that dont know how to use a crypto or can hardly use modern technologies  .

they dont learn crypto yet but they are going to learn how to do brute force first just to open your wallet ? lol . not a good idea , just give your password and dont let others suffer .  they are not any other people anyway but they are your family and they wont do unwanted things to your money