Taskford
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November 01, 2020, 08:02:07 AM Merited by JayJuanGee (1) |
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I've discussed this a few times on the forum and I feel like the best way to do it is to include your passphrase in your last will, held by your lawyer, while your wallet remains in your hands. This way the lawyer or whoever is able to steal the passphrase from him will not be able to access the wallet, just as your kids, if they ever get involved with drugs or something, won't be able to steal your money.
Splitting seed and passphrase could be a good idea for those who don't trust their family members. Splitting can create a conflict of interest between the holders so better just put those on the last will and testament as stated and pass it to the person who you trust the most since by this it is more safer. And if you have many recipient still give those phrase to the attorney and assign a trusted family member that will distribute the wealth equally to the other family members.
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mariah.sadio
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I shared my pass phrase with my loving one because i think that he deserve to get my bitcoins in case of my death. It will be better than disappear of wealth
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Kisida
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100 percent certain because I have given someone I trust all of my account info such as passwords and all/ I honestly do not believe that my bitcoin can automatically be passed on when I pass away at any moment because you cannot trust the system. Why would they care if it's passed on when when they can easily keep it to themselves and no one would ever know about it. Most bitcoin traders doit on the low and some of their loved ones never know that they even have bitcoin. If you want it to be passed on to your loved ones then you need to let them know about your account.
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Eureka_07
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November 02, 2020, 02:49:04 PM |
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In my case, I think there is 30-40% certainty that my heirs can access my bitcoi wallets. This should be with the help of my girlfriend as she know some of my passwords that I am using. I still not telling her my wallets' keys and seeds, but I know she can use the information I gave her to access my wallets, through that she can help my other heirs to access and get control to my bitcoin wallet. Not just wallet but also other sites that money is involved.
However, I don't have huge amount of money but it will really be good if they can access the funds that I left due to sudden death.
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BlackViruse
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Death is certain so I expect everyone to be ready for it because it comes Like a thief in the night and take you away I wonder why would someone have a valuable assets online and can't entrust a family member with everything about just for the sake of tomorrow. My next of kin is well informed he knows everything possible. I wrote similar thread last week this might help too. https://bitcointalk.org/index.php?topic=5287225.msg55534978#msg55534978
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noorman0
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I don't really trust someone to know secret things about me especially if they are not part of the family (legally). And based on the environment where I live, for middle-low income families, there are not so many lawyers involved earlier in inheritance issues.
About the heir for my BTC, I only trust my wife. I'm glad she asked a lot about cryptocurrency, I have taught her everything in general about BTC, its uses, how to access, transact and secure. Even though she is not very good at operating computers, I know who she should contact someone who can guide access to BTC I have. She knows I have a friend who originally taught me about BTC.
90% I can ensure my wife can access my BTC with someone else's guide, but I doubt that she will continue my hobby in crypto space.
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This space for rent. Available in mid January 2024 - PM me
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Wicked17
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I never imagine right now that im going to pass anytime soon(who knows lol) but just in case that it happen i alreaady leave a notes in secret place where they can easily access my coin.
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btc78
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Eloncoin.org - Mars, here we come!
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November 08, 2020, 05:17:04 AM |
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There are no certain for me if what will happen to my Bitcoin incase i died on the spot now since i have limited person told about this. But at least i am confident that they will follow my instruction and will also continue my legacy here in cryoto. Not only for me but for the people i love the most. Dying is part of us and no one can hide from that but at least the remaining living will enjoy what we have tried to risk and spent time here.
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kotajikikox
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★Bitvest.io★ Play Plinko or Invest!
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what would really happen if you suddenly passed away right now[/b]…
Sad to admit but i only voter for 50% Mate because there is only One person that i entrust all my details about my crypto assets and the saddest part is He is not a Techy person. Maybe i decided to choose person like Him as He won't become more interesting about those coins and also He is the closest to my heart so whatever happens i will never blame Him.
The problem here is that What if He lose my details or he decide not to claim or continue my investments?all my effort will go in vain then.
Maybe this same reason why i am trying to do my best to maintain my good health and preventing my self from vices. but with this thread?i made up my mind and maybe let others know about what i am doing here as i am scared everything when i died suddenly
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bitterguy28
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I'm 100% sure that all my crypto Holdings are safe because my wife is also a trader and we both share our assets inside so even who will go first? we are assured that our effort will be benefited by our children and that is what our main objective is when we start being in crypto. our small funds will be for the future of our children and their studies in case comes a time that we lose our jobs or something happen like what OP stated.
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nelson4lov
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I just voted for 40% as the current measures in place doesn't guarantee anyone would be able to gain full access to my accounts. It's not about trusting any one of them with such privileges but they're not techy enough yet to access these tools and apps. Things like getting auth codes, using private keys to wallets, platform accounts etc. However, I have since realized that I won't be living on earth forever and everyone has to go at some. Since I would really like my family to ensure everything I've been working on so far and as much as possible carry on and become bitcoin faithfuls like myself, I'm currently working to grant full access to the ones I trust most and make it clear that only when I am not able to access it that they can make good of it.
Passing down wealth/properties is one of the important things we have to do at some point in our life. No matter how little it is, it might go a long way to help them find some comfort when we're gone. It's a work in progress for me. I do plan to take it to somewhere between 80% - 100% in the nearest future.
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Francis Freeman
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November 08, 2020, 01:55:10 PM |
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In my case, I think there is 30-40% certainty that my heirs can access my bitcoi wallets. This should be with the help of my girlfriend as she know some of my passwords that I am using. I still not telling her my wallets' keys and seeds, but I know she can use the information I gave her to access my wallets, through that she can help my other heirs to access and get control to my bitcoin wallet. Not just wallet but also other sites that money is involved.
However, I don't have huge amount of money but it will really be good if they can access the funds that I left due to sudden death.
Whatever amount you have small or large it better to give someone you completely trust the full access to the wallet . If not your girlfriend now give it to your parents or siblings and later change it when you think you wanna share it someone else.
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mezzaluna
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Recurrently, we discuss on methods to store our Bitcoins/Sats (et al), and how we would pass them on in case we kicked the bucket right now, on-the-spot. I’m not specifically interested here on discovering the different conceptual plans each one has, but rather to toy around with the scenario of suddenly passing away. Let’s be honest, people make plans in their minds, but many less actually have those contingency plans developed and tested, to the level that one is confident that their heirs will actually be able to access their Bitcoins. Another completely (yet related) question would be, whether they would not only manage to access them, but to keep them in custody, move them, sell them without messing-up, but I’m merely focusing on being able to access them here, staying in disposition to do whatever with them at a later stage. So the basic question in the poll is not about what you have in mind, but of what would really happen if you suddenly passed away right now… Note1: The proximity of Halloween retriggered the question in my mind today, alongside this thread: What happens to my bitcoin if I die today? Note2: select the closest percentage value from those available in the poll options. That would be another thing that needs to developed or further brainwashed on since it would tackle another thing that would require users to specify a time on where their possessions would be passed. The only thing that I think would be possible to pass is some private keys that is stored within secret files within your personal computer. It would also be possible that the next person that will use your computer would just wipe out the whole system which will totally waste your current savings regarding Cryptocurrencies since it would be impossible to find if the next person using the computer do not have enough knowledge regarding Cryptocurrencies so I guess 20% is my answer.
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abel1337
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November 08, 2020, 06:49:26 PM |
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I voted 50% only, not everyone in us knows bitcoin and crypto currency, I would like to teach them but they aren't interested. Maybe I will save it in my bank after I convert it and I will pass it in some of my relatives. But I rather choose my skills and knowledge to be pass unto them so they will also learn, trade and get money on their own. But I don't have plenty of bitcoin or maybe a bitcoin as of now to be passed on maybe soon, I'll work hard for it, since it is bullish.
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Myleschetty
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The Bitcoin i kept in my permanent wallet will get passed on if i suddenly died because i have a Metal Bitcoin Seed Storage which contain my wallet seed and it was kept in my safe deposit box which will be pass to my heir after I died but the Bitcoin i kept in the wallet i use for my day to day transaction will not be pass on.
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BIN-BIN
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November 09, 2020, 02:11:44 PM |
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The Bitcoin i kept in my permanent wallet will get passed on if i suddenly died because i have a Metal Bitcoin Seed Storage which contain my wallet seed and it was kept in my safe deposit box which will be pass to my heir after I died but the Bitcoin i kept in the wallet i use for my day to day transaction will not be pass on.
Have hard of metal bitcoin wallet of late but have not tried it out how does it really works cause it sound like some real deal to me, what I normally do to be able to pass on my asset is to store my wallet pass phrase in a safe place and letting my beloved ones to have access to the safe.
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chanler
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I'm not holding too many Bitcoin but there is always a plan to secure my Bitcoin asset if there is something terrible happening suddenly, including death. My first anticipation is converting some of my Bitcoin to physical assets. So, if I died suddenly and my family cannot find out the way to access my Bitcoin asset, at least they already have physical assets got from Bitcoin investment. And the second way, I am trying to keep my data about Bitcoin assets in some places. And the places are possible to find out by my family members. I may also consider sharing or telling the information about it to my family members that I assume the most trusted ones there. I know it is very classic ways, but I think it is enough to anticipate something like sudden death.
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Sapphire915
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November 10, 2020, 06:32:50 AM Last edit: November 13, 2020, 08:56:13 AM by Sapphire915 |
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I'm really having a hard time to think that I might passed away now and my kids are all minors...Its quite impossible for them to understand and access my stored bitcoins in my digital wallet, though they knew what I am doing everyday like spending a lot of time in Crypto world, doing trading etc. But, they don't know exactly how to access my digital wallets as well as the exchanges where the coins were listed. It hurts my head to realized such sudden death scenario, although I have a special notebook where I wrote every important details like the pass phrases and PIN, but still this things are not enough without someone to guide them and make them understand. So, I guess my other siblings will dare to try since they also know about it. But, I still doubt if they will succeed in accessing it because they are all not a tech savvy people. Therefore, I voted 30%. Its sad, but I guess my stored bitcoins will die with me too ![Sad](https://bitcointalk.org/Smileys/default/sad.gif)
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Anxioq
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100%, have instructions and keys in my safety deposit box for my family.
Anxioq
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carlisle1
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November 10, 2020, 07:07:33 AM |
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Everything about crypto has been 100% in my Family's Knowledge meaning anything that to me all of those assets will be on their hands and may consider investing still or withdrawing since all of my coins are mostly in Top ranks so at any time they can convert into fiat once they decide not to stay in crypto world. 100%, have instructions and keys in my safety deposit box for my family.
Anxioq
+1 and same here.
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