What happens to the coins after your death ?

[Oasisman]

In case a coin owner passes on without passing on the private key, his beneficiaries may find his wallet as it were to realize that they will never pick up get to to the riches interior. To avoid this, the owner essentially must guarantee that somebody gets a duplicate of the private key by composing it down, putting away it on a streak memory drive, or entrusting it with a commercial benefit that oversees them.

We know this but how to ensure that the person whom we sent the private key will not mis-use it while we are still alive ?
Trusting someone even our wife and siblings is difficult at times.

Siblings, yeah I consider it difficult to trust, but wife? No. I don't doubt my wife as a successor to whatever I made investments in crypto space. I mean, we work hard for our family right? Then why don't you trust your wife? After all, the amount of money they will claim when you're gone is for your family to spend. For your son/daughter to live a comfortable life, better than yours to be precise.

[iTradeChips]

So I guess, the only way to make a crypto to be accessible to your loved ones, is to make these crypto into tangible things like money and gold and valuable items. If you think about it, protecting your crypto assets until kingdom come might be a little selfish, I mean as far as I am concerned, I want my family to have access to my money if I am already weak and old and struggling with my health. If I can afford an attorney then we can talk legalese in order to prepare the eventuality of my demise.

[tygeade]

In most of the cases when the person dies, his crypto would become useless if his family member do not know about his keys.

I do not usually tell my password or keys to anyone and i know majority of the people don't do this. We are being taught to keep the keys safe.
No one think that one day he will die and in that case, his family won't be able to use those savings (bitcoin/crypto) if they don't know the keys.
Also people won't like to share keys with siblings or wife because they can misuse them . So what could be the solution to this 

When someone dies their coins are gone as well.And I know for sure that a lot of people worry about giving their keys to their family while they are still alive, maybe to one reason or the other , they feel they can’t trust them so it’s best that they keep it to themselves. I wouldn’t blame such people, that’s why it is very important to develop trust in a every family, so that if anything happens, there will always be people takes over. Maybe you can use your lawyer, and he or she will be the one to handle such information and keep it ,so that if anything happens ,then they will bring it out.

Although I wont say you can trust your lawyer hundred percent. It’s best to work hard now and provide for your family so they wouldn’t have the need to be looking for your bitcoins, rather they will have enough to invest their own. Or you can even make use of online wallets and use email to lock it, so when they gain access to your email, they can as well access your wallets.

[carlfebz2]

So I guess, the only way to make a crypto to be accessible to your loved ones, is to make these crypto into tangible things like money and gold and valuable items. If you think about it, protecting your crypto assets until kingdom come might be a little selfish, I mean as far as I am concerned, I want my family to have access to my money if I am already weak and old and struggling with my health. If I can afford an attorney then we can talk legalese in order to prepare the eventuality of my demise.

Making some will is ideal too but be sure that those storage device wont really be accessed and this is why you should really prepared and at least be readying because we dont know on what tomorrow holds.

When those wallets havent known its seeds then those coins are lost forever and it would just be such a waste.Yes, we are not selfish when it comes to our holdings and converting into those tangible things like gold

is something need some effort for you to do so and of course when it becomes inherited then those would really end up on what you do planned on the first place.

[SaShiRaJaVu]

When someone dies their coins are gone as well.And I know for sure that a lot of people worry about giving their keys to their family while they are still alive, maybe to one reason or the other , they feel they can’t trust them so it’s best that they keep it to themselves. I wouldn’t blame such people, that’s why it is very important to develop trust in a every family, so that if anything happens, there will always be people takes over. Maybe you can use your lawyer, and he or she will be the one to handle such information and keep it ,so that if anything happens ,then they will bring it out.

There are ways you can give the private keys to your family members, get a private bank locker store all the keys in the wallet, make the person as your nominee and inform him that and you can print out a tutorial  about the coins you are holding in case of emergency and people can understand what cryptocurrency is in 2021 and your family members will be getting the coins you left.

Although I wont say you can trust your lawyer hundred percent. It’s best to work hard now and provide for your family so they wouldn’t have the need to be looking for your bitcoins, rather they will have enough to invest their own. Or you can even make use of online wallets and use email to lock it, so when they gain access to your email, they can as well access your wallets.

The difference is that, Bitcoin is a deflationary currency and with time the price keeps on increasing and the earlier you invest the better profit you are going to make rather than wait for years so that your family will make money and invest in them 10 years old the line  .

[Lanatsa]

In case a coin owner passes on without passing on the private key, his beneficiaries may find his wallet as it were to realize that they will never pick up get to to the riches interior. To avoid this, the owner essentially must guarantee that somebody gets a duplicate of the private key by composing it down, putting away it on a streak memory drive, or entrusting it with a commercial benefit that oversees them.

We know this but how to ensure that the person whom we sent the private key will not mis-use it while we are still alive ?
Trusting someone even our wife and siblings is difficult at times.

Siblings, yeah I consider it difficult to trust, but wife? No. I don't doubt my wife as a successor to whatever I made investments in crypto space. I mean, we work hard for our family right? Then why don't you trust your wife? After all, the amount of money they will claim when you're gone is for your family to spend. For your son/daughter to live a comfortable life, better than yours to be precise.

But there are husbands which don't really trust up their partners 100% in terms of funds or money because they are afraid that it would be spend into non worthy things or simply wont be applied into the family and even myself would really be having that kind of mindset.

So far I hadn't shared up any keys nor even tell her about my crypto holdings and I do just declare on how much profit I do have on a particular time and I do remit it out
to remove suspicions.

Its just up to you on how you do make those coins to be inherited there are lots of various ways to do so.

[South Park]

So I guess, the only way to make a crypto to be accessible to your loved ones, is to make these crypto into tangible things like money and gold and valuable items. If you think about it, protecting your crypto assets until kingdom come might be a little selfish, I mean as far as I am concerned, I want my family to have access to my money if I am already weak and old and struggling with my health. If I can afford an attorney then we can talk legalese in order to prepare the eventuality of my demise.

That is an option but only if our death comes in a predictable manner after a long disease or because we are too old, but as we know people die for all kind of reasons at all ages, this is why some other method needs to be used to guarantee that our loved ones are going to receive our coins in the case of an early demise, time locked transactions could be the answer to what we want as this allows us to keep control of our coins and at the same time leave a way to our family members to get those coins at some point in the future.

[caryoscar]

In most of the cases when the person dies, his crypto would become useless if his family member do not know about his keys.

I do not usually tell my password or keys to anyone and i know majority of the people don't do this. We are being taught to keep the keys safe.
No one think that one day he will die and in that case, his family won't be able to use those savings (bitcoin/crypto) if they don't know the keys.
Also people won't like to share keys with siblings or wife because they can misuse them . So what could be the solution to this 

If the people really don't want to share their keys it's their right but those coins will be dead as well since it can't be access so if you really don't want to share your keys maybe you could make a riddle and ask your family to share it online or to them that if you die, they would try to crack the code and if anyone gets it then the coins will be theirs.

There's no other solution if the person really don't want to share their keys even if you try to force crack their wallet it's impossible.

If I die, I have a few options to deal with my coins, find a lawyer, write a will, if I have only one child, I will tell him my password directly, if I don’t have children, I will donate to the orphanage , If I have many children, I will distribute them equally. If my children don’t know how to be filial and don’t do their jobs properly, I will donate all my bitcoins to public welfare. In fact, I still have a rather absurd idea to test humanity. I might really choose to feign death, direct a funeral for myself, and see what my family and friends look like after my death, and then make a decision.

[rokon1234]

I don't think anyone will know about my coins after I die.Because no one in my family has any idea about it.So after I die, the coins will probably remain in my wallet like this.But now I can't own so many coins that I have to worry about.

[Miaallen]

The experiences of people dying with no one knowing their passwords or wallet recovery mnemonics has made people have a confidant or at least have their wallet mnemonics and even their Centralized exchanges passwords written down in their diaries or notepads when their families or relatives can access it after their demise.

[Tessnik]

There is only one thing that happens to a person's cryptocurrency asset when they are dead is they ​are claimed by others who have access to the wallet where they are stored, or the cryptocurrencies are lost forever if no one has the private keys to the wallet where the assets are stored.

[bitzizzix]

I personally have my own way and I have provided a private box and only I know where to store the key to the box, because there are some valuables besides my private key and wallet password to be able to access it, and also how to use it in great detail.
and I put the box in a safe place and only my wife or family members know but can't open it, and if anything happens to me including the death of my wife or family member I will definitely try to force open the box and read the letter I prepared beforehand, and they can use it because I have detailed it in the mail to be able to access it and some links to get to know it to better understand it.

[Pamadar]

So I guess, the only way to make a crypto to be accessible to your loved ones, is to make these crypto into tangible things like money and gold and valuable items. If you think about it, protecting your crypto assets until kingdom come might be a little selfish, I mean as far as I am concerned, I want my family to have access to my money if I am already weak and old and struggling with my health. If I can afford an attorney then we can talk legalese in order to prepare the eventuality of my demise.

That is an option but only if our death comes in a predictable manner after a long disease or because we are too old, but as we know people die for all kind of reasons at all ages, this is why some other method needs to be used to guarantee that our loved ones are going to receive our coins in the case of an early demise, time locked transactions could be the answer to what we want as this allows us to keep control of our coins and at the same time leave a way to our family members to get those coins at some point in the future.

Personally I'll choose to allow my wife to know everything about my crypto belonging,

Even she's not into this field and her knowledge is just a little which more relying with how I teach her, the very important thing is she knows about how to use my wallet in case worse thing happened she and my kid will enjoy those crypto that I kept from my wallet.
Better than being wasted, I don't  want that to happened with my investment.

[Handsome Boy]

In most of the cases when the person dies, his crypto would become useless if his family member do not know about his keys.

I do not usually tell my password or keys to anyone and i know majority of the people don't do this. We are being taught to keep the keys safe.
No one think that one day he will die and in that case, his family won't be able to use those savings (bitcoin/crypto) if they don't know the keys.
Also people won't like to share keys with siblings or wife because they can misuse them . So what could be the solution to this  

if you don't trust anyone to know the key, then of course your family will lose your bitcoin or altcoin, because no one knows about your bitcoin or altcoin and it makes your bitcoin or altcoin useless (can't be sold), then I suggest you to tell someone you really trust to know about your key, so that if you die then your bitcoin or altcoin will be useful (can be sold).

[jerry0]

The big issue here is what if the people you want to leave your coins to are not tech savy?  Say you leave them your seed and tell them that is your seed for your hardware wallet.  I mean even if they have your seed and or ledger/trezor device, if they are not tech savy, how would they go about claiming it?


Are there services that assist people who have crypto seed to help them claim their coins and say help them send the coins to that person's coinbase account and they then take a percentage for helping?  Like a flat amount or percent of the crypto in their account?  Obviously anyone that is familiar with crypto and hardware wallet could easily help someone claim someone's coins with the seed.

[erep]

You must involve someone from a family member that you really trust and it is impossible for a brother or sister to betray your trust, if you have a wife then it is better to teach knowledge about how to access bitcoin assets even if it is not yet time for you to provide the seed of ultimate balance but at least it will help your family if you died.

[dunfida]

You must involve someone from a family member that you really trust and it is impossible for a brother or sister to betray your trust, if you have a wife then it is better to teach knowledge about how to access bitcoin assets even if it is not yet time for you to provide the seed of ultimate balance but at least it will help your family if you died.

You do told them about on how to access funds on a wallet but you should at least do make some will in case you die on where they are the only ones who could access those files and wallets

which would be a good preparation because we dont know on what comes next and since we cant predict on when we would die then its just good to consider on having these kind of back up plans

rather than making those coins would be put up to waste if you dont intend to share it up on your loved ones. Death is inevitable and this is why its better to trust up one of the family
which be most likely to be your wife.

[Mpamaegbu]

So what could be the solution to this  

In the context that you have carefully removed all other options for sake of security and caution, the only one I can suggest to you is for you to move your cryptos to a well secured top exchange and keep. Binance comes to mind at the moment. That way, all you need to reveal will be the password to the exchange. You don't need private keys here and there which may even be very difficult for none crypto savy person to locate and piece together. Write your password on a piece of paper and tug somewhere safe. At one's (your) demise that can easily be found.

[Ararbermas]

You must involve someone from a family member that you really trust and it is impossible for a brother or sister to betray your trust, if you have a wife then it is better to teach knowledge about how to access bitcoin assets even if it is not yet time for you to provide the seed of ultimate balance but at least it will help your family if you died.

yes that's a good idea but for me because i dont trust anyone even my family.  maybe i will prefer to write a letter, which information how to manage my keys in order for them to have an access. and i will keep it to my wallet or along with my personal documents because for sure they will search for something in it, especially if they knew that you're making money in bitcoin and you always spend your whole day working in a computer surely there will be a searching operation. Lol

[awik p]

You must involve someone from a family member that you really trust and it is impossible for a brother or sister to betray your trust, if you have a wife then it is better to teach knowledge about how to access bitcoin assets even if it is not yet time for you to provide the seed of ultimate balance but at least it will help your family if you died.

yes that's a good idea but for me because i dont trust anyone even my family.  maybe i will prefer to write a letter, which information how to manage my keys in order for them to have an access. and i will keep it to my wallet or along with my personal documents because for sure they will search for something in it, especially if they knew that you're making money in bitcoin and you always spend your whole day working in a computer surely there will be a searching operation. Lol

everyone has their own thoughts, because I have a wife, then at least the wife should know the private key, so that if something untoward happens, we can bequeath our assets to our descendants. and I have to believe in my wife, because she is half my life if I describe it