A good man/woman leaves an inheritance

[Davidvictorson]

An old proverb says “A good man/woman leaves an inheritance to his children's children…”. Since the inception of the world, whenever a person dies, their personal assets like money, possessions and property are either shared as stated in a will or in accordance with the law of succession where the deceased leaves no will. In most cases, the beneficiaries include may their spouse(s)/civil partner, child or children and grandchildren. In other cases, their brothers and sisters, parents or parent, nephews and nieces, favorite charity organization and state (where there is no relative) get to be the beneficiaries.

I recon that in the coming years folks are going to will their wallet seed and passphrases to their family members, their favorite charity, and even their kids unborn. As an investor or crypto trader is this a legacy you would want to leave behind?

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[hosseinimr93]

I recon that in the coming years folks are going to will their wallet seed and passphrases to their family members, their favorite charity, and even their kids unborn.

It's not a good idea to share your seed phrase with others. Because once you give them your seed phrase, they become the owner of the fund and you don't know when you will die.
To anyone who wants to have bitcoin in a will, I recommend to read the topic created by LoyceV.

Using Locktime for inheritance planning, backups or gifts

[zanezane]

It's not a good idea to share your seed phrase with others. Because once you give them your seed phrase, they become the owner of the fund and you don't know when you will die.
To anyone who wants to have bitcoin in a will, I recommend to read the topic created by LoyceV.

Using Locktime for inheritance planning, backups or gifts

It's not a good idea if you don't trust the person that you want to leave your things in the case of death, but if you do trust them with all your heart then probably you're already in good hands. You're suggestion of using LockTime is actually nice but to others who find it hard to use that one, you can probably go with a lawyer and discuss your will and testament.

[MIner1448]

An old proverb says “A good man/woman leaves an inheritance to his children's children…”. Since the inception of the world, whenever a person dies, their personal assets like money, possessions and property are either shared as stated in a will or in accordance with the law of succession where the deceased leaves no will. In most cases, the beneficiaries include may their spouse(s)/civil partner, child or children and grandchildren. In other cases, their brothers and sisters, parents or parent, nephews and nieces, favorite charity organization and state (where there is no relative) get to be the beneficiaries.

I recon that in the coming years folks are going to will their wallet seed and passphrases to their family members, their favorite charity, and even their kids unborn. As an investor or crypto trader is this a legacy you would want to leave behind?

Invariably, heirs need to leave something, a smart person and a loving family man, in any case, he works hard to leave something to his children, this is normal, if we talk about cryptocurrency, it also needs to be inherited, because these are assets , which should move and not settle in wallets and be lost.

[crwth]

Passing on the inheritance would be tricky if the receiver is not well-versed in the tech-savvy crypto industry. It's not going to be easy to recover those funds, let alone people understand it right away. I agree with hosseinimr93 the thread of LoyceV will have different insights when it comes to inheritance.

[sheenshane]

This has been discussed so many times here about inheriting your Bitcoin when you passed away.
Here are some example threads,

• What happens to my bitcoin if I die today?
• What happens to the coins after your death ?

I picked some that you have an idea but actually, there are tons of threads, just research the word "Inheritance" in Bitcoin Discussion you will see different kinds of discussions regarding that matter.

For me, to answer your question, I better hire a trusted lawyer than trusting anyone with my private key, that's not good disclosing to anyone else your private key, once they have it, they are the ones who have full control of your crypto asset.  You can hide your assets at once and write down your last will testaments about your asset and your trusted lawyer will responsible for it.

[bamb]

It depends on what is important to me as a person.  I do not like idea of giving people free money no matter who they are,  be it my children or spouses!  I believe people should make their own money.  In case of death,  I will set up a will with an attorney describing how I want my money to be spent after death!  I'll probably burn some of my coin to increase scarcity and more value for the holders in the future!

[checkmatesir]

I don't even think that most of the people will do this and share their passwords and wallets phrases etc with anyone whether with their family members and with anyone and one more thing their is no guarantee of life with any one because no one know about his life. So, i don't think most of the people will share.

[Davidvictorson]

I recon that in the coming years folks are going to will their wallet seed and passphrases to their family members, their favorite charity, and even their kids unborn.

It's not a good idea to share your seed phrase with others. Because once you give them your seed phrase, they become the owner of the fund and you don't know when you will die.
To anyone who wants to have bitcoin in a will, I recommend to read the topic created by LoyceV.

Using Locktime for inheritance planning, backups or gifts

Wow. I never knew something like this existed. Well, at least I know now. And I must say I like the idea of Locktime. The post by LoyceV is very explicit. The caveat is that only do it when you fully understand how it works.

[Lanatsa]

I recon that in the coming years folks are going to will their wallet seed and passphrases to their family members, their favorite charity, and even their kids unborn.

It's not a good idea to share your seed phrase with others. Because once you give them your seed phrase, they become the owner of the fund and you don't know when you will die.
To anyone who wants to have bitcoin in a will, I recommend to read the topic created by LoyceV.

Using Locktime for inheritance planning, backups or gifts

Wow. I never knew something like this existed. Well, at least I know now. And I must say I like the idea of Locktime. The post by LoyceV is very explicit. The caveat is that only do it when you fully understand how it works.

Not that really too technical for you to understand since there are really some instructions or steps which you can follow and I do fully agree that timelock method is much more better compared when you
are making some will but if some people doesn't recognized nor prefer on this one then they would really be having this kind of option.

Leaving inheritance is off course a default thing specially if you do have some assets specially been stored on crypto which it is a waste if you don't really consider on making out some back ups
in case you do die and your family will able to claim or benefit from it.

[teosanru]

An old proverb says “A good man/woman leaves an inheritance to his children's children…”. Since the inception of the world, whenever a person dies, their personal assets like money, possessions and property are either shared as stated in a will or in accordance with the law of succession where the deceased leaves no will. In most cases, the beneficiaries include may their spouse(s)/civil partner, child or children and grandchildren. In other cases, their brothers and sisters, parents or parent, nephews and nieces, favorite charity organization and state (where there is no relative) get to be the beneficiaries.

I recon that in the coming years folks are going to will their wallet seed and passphrases to their family members, their favorite charity, and even their kids unborn. As an investor or crypto trader is this a legacy you would want to leave behind?

It's obviously a bad idea to hand over your private keys to anyone because unlike a bank account if someone has your private key he/she can get access to your wallet without your personal presence or signature. A better idea is to use something like E-Mail scheduler. I know E-mail too can be quite risky but provide the person you want to leave your legacy a clue regarding how to get the key, Schedule 3-4 emails by dividing your private key in 4 parts with 4 different vendors and provide the order to your offspring, schedule an email every month and keep deleting it until you are alive. Once you die, your children can find it.

[Silberman]

An old proverb says “A good man/woman leaves an inheritance to his children's children…”. Since the inception of the world, whenever a person dies, their personal assets like money, possessions and property are either shared as stated in a will or in accordance with the law of succession where the deceased leaves no will. In most cases, the beneficiaries include may their spouse(s)/civil partner, child or children and grandchildren. In other cases, their brothers and sisters, parents or parent, nephews and nieces, favorite charity organization and state (where there is no relative) get to be the beneficiaries.

I recon that in the coming years folks are going to will their wallet seed and passphrases to their family members, their favorite charity, and even their kids unborn. As an investor or crypto trader is this a legacy you would want to leave behind?

I think this is something that we all have thought at some point during our journey however all the options that you could pick have disadvantages, after all if you leave your seed words in a will then whats stopping any person that reads that will to steal those coins from you, basically you will have to trust the lawyer completely about this which goes against the principles of bitcoin which is supposed to be trustless, so if you do things the wrong way you could lose your coins before you have a chance to inherit them.

[taufik123]

The discussion of inheritance like this has been discussed several times in this forum. Inheritance in the form of a private key with a wallet containing several assets such as Bitcoin and other valuable assets will be a very valuable inheritance in the future for the heirs.
Many methods are used. including by writing the private key on paper or copying it in other media and can be read by the heirs.
I've even discussed using Time Capsules to store papers containing private keys that can last for decades.

[rhomelmabini]

As an investor or crypto trader is this a legacy you would want to leave behind?

I'm perfectly fine to do this but perhaps it would take lot of decision making on my end on who to leave this legacy. I don't know if this has been shared or discussed but I think to make it more on a thrilling scenario was by making it an actual treasure hunting, well, it should be by my heirs to find but if circumstances comes and other people may know it that's my problem anymore but I'd share it to them first with some clues. Sounds weird but it's your inheritance and it's your choice or decision on what to do with it.

[verita1]

OP, looking at it from that point of view. Your post makes sense. It sounds a bit funny but you are right we should think about it. For my part, I am teaching my family about how to invest in bitcoin and cryptocurrencies because I do not want them to be left behind, I want them to wake up and also participate in the crypto space. I have taken a half break from my job so that my closest family can be successful as a crypto investor.

[Natalim]

As an investor or crypto trader is this a legacy you would want to leave behind?

I'm perfectly fine to do this but perhaps it would take lot of decision making on my end on who to leave this legacy. I don't know if this has been shared or discussed but I think to make it more on a thrilling scenario was by making it an actual treasure hunting, well, it should be by my heirs to find but if circumstances comes and other people may know it that's my problem anymore but I'd share it to them first with some clues. Sounds weird but it's your inheritance and it's your choice or decision on what to do with it.

Crypto assets will be very valuable in the future but leaving as a means of inheritance might be very risky too. So its more on good decision making so it will not create any confusions by the time you'll be gone.

I just want to share my own idea. I think it will be good and easier if we can put all our private keys in a vault machine that will be remain secret until the owner dies. It will only be known once a trusted lawyer read the will and testament to the beneficiaries and also stated there where the key can be found. I think this might be something new but quite interesting.

[blockman]

It's likely to happen in the future. I'm even thinking of it a long time ago on how shall I pass some of my crypto holdings if I pass out. Like the wallet or the seed phrase and I have to at least educate them so that they will not share the phrase with anyone but only with my family and not outside with my first family. A few mbtc will do when the price of bitcoin goes on high and as well as few alts if ever I still have that when I pass out unless I sell them when the price is already high.

[TheUltraElite]

I recon that in the coming years folks are going to will their wallet seed and passphrases to their family members, their favorite charity, and even their kids unborn. As an investor or crypto trader is this a legacy you would want to leave behind?

Definitely something that one needs to do if they are saving bitcoin in their lifetime. To make sure their future generations can also have something to start their journey with.

I am yet to see any such wills made that maker the next of kin owner of their parents bitcoin, but I am sure in the next 20-30 years depending on how bitcoin gains in price and popularity this may become a new thing.

But the more important thing is teaching your children on being diligent about expenditure and saving. If they dont learn these traits they will never be able to grow that stash that one has amassed. They will likely squander it away. This is common in fiat inheritance too.

[hugeblack]

I think that the technical aspects have allowed the development of the issue of inheritance and then it is possible to create wallets related to the biological state of the human being and when he dies he can approximate the control of the private key (I don't know if it was actually implemented but it is possible)

Likewise, when a person dies, the money does not move with him, but rather remains in this world, and therefore there is no point in destroying the seeds or not sharing them with the children or the husband.

[20kevin20]

It makes sense to leave BTC as some kind of inheritance, but I would not do it through a will. I think there are far better ways to do it. I have already planned my way of leaving crypto as inheritance and those who I wanted to know have been already noticed about it. At the end of the day, for me the best thing is not having a centralized/untrusted party know about this. I would rather do it my own way. Truth is, as mentioned above, there's no reason not to leave your crypto for future generations since you don't take it into the grave.

[electronicash]

we all have prized possession that we want to hand over to someone dear to us. the rightful person that should benefit from what we have worked all our lives. i have a kid too that i wanted to give my coins to i just hope he understands well how to preserve it and make use of it.

i hope there is one project that will provide passive income and that he can only withdraw the earnings and not the whole investment. this way he will continue to receive and not lose anything.

[blckhawk]

That depends, there are people who are poor but they can't leave inheritance, are they not good people? Because you've got it all wrong, some people always forget the fact that not everyone is as privileged like us to the point that they have to worry about inheritance.

[TheUltraElite]

That depends, there are people who are poor but they can't leave inheritance, are they not good people? Because you've got it all wrong, some people always forget the fact that not everyone is as privileged like us to the point that they have to worry about inheritance.

I dont think that is what the OP meant. People who are poor will not be likely to invest in bitcoin. After all, you need a working electricity supply, a working internet and a working smartphone to be able to buy/sell bitcoin and in major cases, poorer population do not have the luxury of this sort.

They are more likely to pass on their children with what fiat they already own. I think there is no problem in that. In future if they are able to get a better living condition they may be able to buy their bitcoin. But defenitely not something that one should do as a risky move, because they are already poor.

i hope there is one project that will provide passive income and that he can only withdraw the earnings and not the whole investment. this way he will continue to receive and not lose anything.

That is a fixed deposit. I would keep that into the fiat category and till date, I dont think there are much of such worthy passive income methods like that. One good investment that could run such numbers was a casino bankroll investment, but few casinos do that anymore.

[davis196]

An old proverb says “A good man/woman leaves an inheritance to his children's children…”. Since the inception of the world, whenever a person dies, their personal assets like money, possessions and property are either shared as stated in a will or in accordance with the law of succession where the deceased leaves no will. In most cases, the beneficiaries include may their spouse(s)/civil partner, child or children and grandchildren. In other cases, their brothers and sisters, parents or parent, nephews and nieces, favorite charity organization and state (where there is no relative) get to be the beneficiaries.

I recon that in the coming years folks are going to will their wallet seed and passphrases to their family members, their favorite charity, and even their kids unborn. As an investor or crypto trader is this a legacy you would want to leave behind?

OP,this topic has been discussed a million times.I don't see a clear question in your post.What exactly are you trying to ask?If you are asking about whether or not I will leave my BTC as inheritance to my children,then my answer is no.I don't have children and I'm not planning to have children.I'm not that rich so I won't leave a big inheritance.I guess that I won't leave any inheritance at all.
Everyone is free to decide whether or not to leave it's Bitcoins to his/her children or grandchildren.
Bitcoin should be treated as any other financial asset/form of wealth,so I don't see a legislative problem here.There's shouldn't be any obstacle for giving BTC/private keys to the successors.

[B-Bit]

Before death, everyone will tell their own money to their children, or when the children are sensible, they will give some important things to the children to save.
Your own money and private key can tell people you trust. We cannot predict which of tomorrow or death will happen first. We can only prepare. Arrange your own affairs before death.

[indo1]

Such a thing should probably be a management body for the management of cryptocurrency asset inheritance. Because right now we can't trust each other.  Cryptocurrencies need to grow even longer to make it all. Wallet access is also a sensitive thing we have to keep it private. What happens if it leaks even to our own families?

[Shasha80]

Before death, everyone will tell their own money to their children, or when the children are sensible, they will give some important things to the children to save.
Your own money and private key can tell people you trust. We cannot predict which of tomorrow or death will happen first. We can only prepare. Arrange your own affairs before death.

Since I already have children, it is certain that all the Bitcoins I own will be passed on to my children. Therefore all the money and all the assets that
I have, including the Bitcoin that I own will be inherited. Before I died, so from now on I have told people I trust where I keep my private keys.
As you said, we never know when we will die, so I have prepared everything from now on.

[Desmong]

It's would be very difficult to will a wallet seeds generation since it's not like a physical things one could torch and use. Bitcoin is an asset and not just an asset, it's a digital current which is likely abstract making it more difficult to will out to next generation. Moreover no one knows when he or she is gonna die which can be impromptu without any preparation or awareness and the wallet seeds becoming useless because no one might have access to it since people do not disclose their wallet seeds to family not even children.

[Kittygalore]

Not every good woman/man has the privilege to leave inheritance, not everyone can afford a lawyer to officiate or create the inheritance. Some are living in a livable wage that unironically only lasts for about half a month.

[Mpamaegbu]

An old proverb says “A good man/woman leaves an inheritance to his children's children…”.

Kindly strike that out in your next argument or write-up. That a parent doesn't leave an inheritance for their children doesn't in any way mean that they're bad. We can only give what we have. Those who die paupers won't have any material thing to give than their personality any integrity. That's if they were forthright before their demise.

Since the inception of the world, whenever a person dies, their personal assets like money, possessions and property are either shared as stated in a will or in accordance with the law of succession where the deceased leaves no will.

How come people don't like doing that for a man who dies leaving a pile of debts to be cleared? Those who gather to share inheritance should also learn how to gather to offset debts too. Regrettably though, people are after what they stand to gain even at the detriment of someone. The deceased may not be in talking terms with those acclaimed relatives of theirs while alive. But once they die these relatives suddenly come around to lay hold on deceased's property. Little wonder they say that failure is a bastard. No one wants to associate with paying off debts but they all want the inheritance.

And to your last paragraph, yes I won't hesitate to keep my seed phrase as my inheritance.

[yazher]

I think as long as you put some understandable instructions and the people you gonna give your crypto assets are computer literate, there is no need to worry about it. nowadays there are lots of instructions you can add to your last testament to further give them easy access to your crypto assets.

Maybe if you can give them instruction right now, or some kind of basic understanding about crypto, you won't have any doubt that they will gonna get it after you passed away.

[isaac_clarke22]

~

This. Even though most of the stuffs now are all in technology, it's still likely to have an issues on how those who will inherit your funds use it or at least even move it around wallet to wallet.
Unless that custodial wallet is used, which is unsecured, people having to interact with your fund would still need to learn about how technological terms like "private key", "wallet seeds" and stuffs mean what they're for.

[qwertyup23]

I recon that in the coming years folks are going to will their wallet seed and passphrases to their family members, their favorite charity, and even their kids unborn. As an investor or crypto trader is this a legacy you would want to leave behind?

Definitely! The problem with leaving cryptocurrencies behind is that it requires some sort of password in order to access the cryptocurrencies that you have. In the event that a person suddenly dies, all of those cryptocurrencies would be stuck in those wallets forever without any hope of recovering them (unless you know the password).

While we are in this topic, I wonder how many wallets right now are locked with hundreds to thousands of cryptocurrencies inside as their owners have died or left them behind? I do hope that there is some hope of recovering those said wallets given the technological advancement in our day and age.

[Sanugarid]

An old proverb says “A good man/woman leaves an inheritance to his children's children…”. Since the inception of the world, whenever a person dies, their personal assets like money, possessions and property are either shared as stated in a will or in accordance with the law of succession where the deceased leaves no will. In most cases, the beneficiaries include may their spouse(s)/civil partner, child or children and grandchildren. In other cases, their brothers and sisters, parents or parent, nephews and nieces, favorite charity organization and state (where there is no relative) get to be the beneficiaries.

I recon that in the coming years folks are going to will their wallet seed and passphrases to their family members, their favorite charity, and even their kids unborn. As an investor or crypto trader is this a legacy you would want to leave behind?

Knowledge and wisdom is the best thing you could leave behind to your children once we're no longer alive but of course, if you have any asset either tangible or intangible it would be great if someone related to us would benefit from it. Maybe some people consider this type of inheritance but not all people want this and still prefer properties over crypto assets.

[chanler]

basically giving inheritance is important and must be given to people who can really be trusted. especially if we talk about bitcoin where if an inheritance in the form of bitcoin is given to someone it will be very influential. if you can manage it well then of course it will be profitable, but what is fear is if it can't be managed properly and eventually it will be lost with a loss. even though we know that the development of bitcoin in the future will be even better. so stay careful even with the closest people though.

[uttoransen]

If someone already has a family and he wants to donate them their crypto assets, it is best to do so while he lives. My family already knows the codes, whether it is the wallet codes or the ATM pins - no point hiding important details from your wife and kids, right?

I can understand that the case might be different from person to person - but still I would much rather disclose the details upfront rather than write a list of instructions for a lawyer to read out while am off!

[GeorgeJohn]

That is not a big deal, because you can inherite any forms of human properties if the privilege is been giving to you before departure, so bitcoin is an inheritance as investment or as legal tender also, and it's obvious that you will inherite what you know it's functions, because in terms of bitcoin, before you inherite it you most be acquainted with it's policy and also have the phrase code of the users wallet before you can as well accessed it, i can say bitcoin is good investment and best inheritance if you are left behind for your lovely onces.

[Viscore]

If someone already has a family and he wants to donate them their crypto assets, it is best to do so while he lives. My family already knows the codes, whether it is the wallet codes or the ATM pins - no point hiding important details from your wife and kids, right?

I can understand that the case might be different from person to person - but still I would much rather disclose the details upfront rather than write a list of instructions for a lawyer to read out while am off!

We all have different choices to take. And i agree with what you chose. If you have your family that can be trusted about securing your private keys, then why not? You don't have to keep it alone. Its better if you can secure it and be able to let them know about the whole thing of crypto so they can also prepare for it and might continue with what you're doing while you are already off.

The main thing here is how you will be able to reach them about their inheritance and its good to know that they are much aware on that while you are still here living in the crypto world.

[dupee419]

we all have prized possession that we want to hand over to someone dear to us. the rightful person that should benefit from what we have worked all our lives. i have a kid too that i wanted to give my coins to i just hope he understands well how to preserve it and make use of it.

i hope there is one project that will provide passive income and that he can only withdraw the earnings and not the whole investment. this way he will continue to receive and not lose anything.

It would be nice if that prized possession is handed over someone who has actual knowledge, I guess it would be better to let them inherit your prized possession in the perfect time, while we may not know how long we'll still be here but giving our future (children) the right amount of knowledge about cryptocurrency and Bitcoin in general is enough for these kids to actually start investing, just imagine how they'll be making good use of the prized possession you just gave.

[Rengga Jati]

-snip-

I relation to inheritance, yeah, my area is also one of those who always leave something to children, leave an inheritance for their children to prepare before death. However actually, inheritance is not only about money, wealth, or property, but many things, including knowledge.
And about inheritance in the crypto world, Some exchanges may have inheritance features and we can utilize this.
Actually, I am only sharing that personal data, like phrases, private keys, and other personal data with my couple. I believe that we can utilize what we have right now, for our children (and more children later  )
I know that many people will say never to tell private keys and other personal data to others. But, I have a couple who have been in my life, with my children and also have known about the crypto world, so we manage it together.
And of course, we can have certain ways in order to prepare if we die someday, preparing and leaving them for our children.

[Hamphser]

we all have prized possession that we want to hand over to someone dear to us. the rightful person that should benefit from what we have worked all our lives. i have a kid too that i wanted to give my coins to i just hope he understands well how to preserve it and make use of it.

i hope there is one project that will provide passive income and that he can only withdraw the earnings and not the whole investment. this way he will continue to receive and not lose anything.

It would be nice if that prized possession is handed over someone who has actual knowledge, I guess it would be better to let them inherit your prized possession in the perfect time, while we may not know how long we'll still be here but giving our future (children) the right amount of knowledge about cryptocurrency and Bitcoin in general is enough for these kids to actually start investing, just imagine how they'll be making good use of the prized possession you just gave.

If you do have children the you do have a wife, then why you cant just trust up your wife when it comes to your crypto holdings? Yes, i do really understand because even myself cant really just trust up my wife. 

When it comes to inheritance matter then this is something personal kind of choice on but some people tending to list it on a paper with instructions and some do consider about some will and some to consider

about those time-lock kind of emails or something like that.It is just right on leaving your riches because no one knows on when we do pass out.

[finaleshot2016]

we all have prized possession that we want to hand over to someone dear to us. the rightful person that should benefit from what we have worked all our lives. i have a kid too that i wanted to give my coins to i just hope he understands well how to preserve it and make use of it.

i hope there is one project that will provide passive income and that he can only withdraw the earnings and not the whole investment. this way he will continue to receive and not lose anything.

It would be nice if that prized possession is handed over someone who has actual knowledge, I guess it would be better to let them inherit your prized possession in the perfect time, while we may not know how long we'll still be here but giving our future (children) the right amount of knowledge about cryptocurrency and Bitcoin in general is enough for these kids to actually start investing, just imagine how they'll be making good use of the prized possession you just gave.

If you do have children the you do have a wife, then why you cant just trust up your wife when it comes to your crypto holdings? Yes, i do really understand because even myself cant really just trust up my wife.  

When it comes to inheritance matter then this is something personal kind of choice on but some people tending to list it on a paper with instructions and some do consider about some will and some to consider

about those time-lock kind of emails or something like that.It is just right on leaving your riches because no one knows on when we do pass out.

Yes, the same thing. First and foremost, I will inform my future wife about what I'm doing, which is crypto, so that if the time comes, he can make use of it. Your wife is your most trusted person in the world; you married her and raised a family, so it's natural to trust and give her those things; just make sure she knows it. To secure your child's future, make a note of how basic cryptocurrency functions, such as creating and accessing wallets.

[bitzizzix]

The question is whether what you are planning will match the reality in the future and this topic has circulated several times and differs only by a few words but the purpose is the same.
and I will state differently than before, I choose to take profits when the price reaches the highest price and buy several lots of land, houses and so on for my children's inheritance, and after that I will give lessons about bitcoin or crypto in detail and the best way to get a nice profit like the results I did for them later.
and I prefer to leave the best lessons for them as my next generation in the crypto world, and if they don't understand using it or knowledge about crypto whether the heirs can do well, and after that whether the potential heirs can continue like me as a crypto user the good one.

have to think further and once you give the private key to the heirs and your ownership will just disappear, without having to think about how the heirs can develop and continue your trail.

[AicecreaME]

An old proverb says “A good man/woman leaves an inheritance to his children's children…”. Since the inception of the world, whenever a person dies, their personal assets like money, possessions and property are either shared as stated in a will or in accordance with the law of succession where the deceased leaves no will. In most cases, the beneficiaries include may their spouse(s)/civil partner, child or children and grandchildren. In other cases, their brothers and sisters, parents or parent, nephews and nieces, favorite charity organization and state (where there is no relative) get to be the beneficiaries.

I recon that in the coming years folks are going to will their wallet seed and passphrases to their family members, their favorite charity, and even their kids unborn. As an investor or crypto trader is this a legacy you would want to leave behind?

While it is really nice to leave some inheritance to your spouse, children, or relatives, it should be remembered that this is a privilege because not everyone has extra assets to leave their loved ones behind once they die. Some are even barely surviving their daily lives and are just making their ends meet. It's good if you can secure an inheritance to those people who are close to you because this can serve as their advantage in facing and surviving this harsh world. Money is a necessity and so is any property or asset that can be converted, sold, or traded. And if you don't have anything to leave them behind, it's still okay because not everyone can afford to have extra like other people. It's nothing to feel bad about as long as you gave them good memories and of course you didn't give them any more burdens once you're gone such as loans and stuff.

Personally speaking, I invested in crypto as early as before up until now to secure the future of my future children and the family of my own. Of course, I don't want them to feel the hardships I went through just to arrive at where I am today. I want them to have a safety net that can catch them whenever things don't go in their favor. It makes me calm and I feel at peace to think that my loved ones will have the best life they could ever have because I left a legacy that they can start and survive with. Aside from crypto investment inheritance, of course, one of the greatest legacies I could ever leave my loved ones will be the love and good memories that I cherished with them. So are the valuable teachings that could get them somewhere far and in a good place in life.

[Assface16678]

An old proverb says “A good man/woman leaves an inheritance to his children's children…”. Since the inception of the world, whenever a person dies, their personal assets like money, possessions and property are either shared as stated in a will or in accordance with the law of succession where the deceased leaves no will. In most cases, the beneficiaries include may their spouse(s)/civil partner, child or children and grandchildren. In other cases, their brothers and sisters, parents or parent, nephews and nieces, favorite charity organization and state (where there is no relative) get to be the beneficiaries.

I recon that in the coming years folks are going to will their wallet seed and passphrases to their family members, their favorite charity, and even their kids unborn. As an investor or crypto trader is this a legacy you would want to leave behind?

Yeah learn to live and not to survive. We have this instinct to live and will do anything for it, remember that after you die the beneficiaries of it is your love one's. Giving passphrase/seed is also like writing your last will. It is better to be used rather than being forgotten for no reason.

[sherenikaw]

Personally, inheritance is one of the most important things and I think it should be given to people who can be trusted because it can be dangerous if we give our assets to people who cannot be trusted. therefore I started to introduce the crypto world to people around so that if it happened it could be anticipated. actually if we can use it well now of course it will be very profitable in the future and our trusted people can get results from it.

[BuNga_cute]

Personally, inheritance is one of the most important things and I think it should be given to people who can be trusted because it can be dangerous if we give our assets to people who cannot be trusted. therefore I started to introduce the crypto world to people around so that if it happened it could be anticipated. actually if we can use it well now of course it will be very profitable in the future and our trusted people can get results from it.

Bitcoins that we collect will be in vain if we die and are not inherited, so when we live we really have to teach our families about Bitcoin.
So our family can understand how to access the Bitcoins we have, after all Bitcoin was created for everyone. So it's better if we educate
people around us about Bitcoin, so we are not the only ones who get benefit from Bitcoin.

[kotajikikox]

I recon that in the coming years folks are going to will their wallet seed and passphrases to their family members, their favorite charity, and even their kids unborn. As an investor or crypto trader is this a legacy you would want to leave behind?

Like every time says when creating a wallet "Never Share your codes, phrase to any one " meaning this is not a good idea letting others to learn your seeds and passphrases .
i think you need to add those in your will hiding in your safes so once you died the lawmaker you assigned will distribute your funds in that sense .

[QuickAccount]

The only person I would trust with my seed is my father, as he is the one who got me into crypto. I was linking about giving it to him so that if I die, he can get my coins instead of it being locked away for ever.

[Silberman]

It's likely to happen in the future. I'm even thinking of it a long time ago on how shall I pass some of my crypto holdings if I pass out. Like the wallet or the seed phrase and I have to at least educate them so that they will not share the phrase with anyone but only with my family and not outside with my first family. A few mbtc will do when the price of bitcoin goes on high and as well as few alts if ever I still have that when I pass out unless I sell them when the price is already high.

Believe me I have tried to teach my family how to recover my coins and I even gave them written instructions and even if I think of them as smart people they kept asking me to make things more simple when in fact there is nothing more simple than bitcoin, I suppose that I will have to wait until bitcoin becomes more popular and they have no choice but to begin to use it and become familiar with it and then try to teach them again once the whole process is more familiar to them.

[dunfida]

It's likely to happen in the future. I'm even thinking of it a long time ago on how shall I pass some of my crypto holdings if I pass out. Like the wallet or the seed phrase and I have to at least educate them so that they will not share the phrase with anyone but only with my family and not outside with my first family. A few mbtc will do when the price of bitcoin goes on high and as well as few alts if ever I still have that when I pass out unless I sell them when the price is already high.

Believe me I have tried to teach my family how to recover my coins and I even gave them written instructions and even if I think of them as smart people they kept asking me to make things more simple when in fact there is nothing more simple than bitcoin, I suppose that I will have to wait until bitcoin becomes more popular and they have no choice but to begin to use it and become familiar with it and then try to teach them again once the whole process is more familiar to them.

Explaining them with the most basic terms then that sure would do the work.It isnt really that complicated yah know.

It would be such a total waste if you do let yourself didnt able to share up your keys for them to at least benefit on what you had put your hard work on.Nothing beats out that they do able to make use
rather than dying without leaving anything that they could make use on.

[molsewid]

It makes sense to leave BTC as some kind of inheritance, but I would not do it through a will. I think there are far better ways to do it. I have already planned my way of leaving crypto as inheritance and those who I wanted to know have been already noticed about it. At the end of the day, for me the best thing is not having a centralized/untrusted party know about this. I would rather do it my own way. Truth is, as mentioned above, there's no reason not to leave your crypto for future generations since you don't take it into the grave.

We've been living in a society where we worked hard to earn today so that we can have something to leave on our family once we are gone, leaving cryptocurrency especially bitcoin as an inheritance to my loved ones is priceless I mean I would love to do it but one thing that concerns me is the thought that they don't know how to used it or a tech-savvy. SO I guess instead of leaving an asset to them I'll go with teaching them what crypto is and how to earn from it this is what I think would be the best inheritance that I could leave for them.

[cotton ball]

A good and responsible family head, will definitely give any inheritance to his child, either money or bitcoin, because what they are looking for is only for the family, because family is the most important happiness, if I personally will definitely leave my inheritance to my child, later When I am 60 years old, I will give an inheritance to my son, and leave a little treasure for my old age, the rest I will give to my family.

[Kong Hey Pakboy]

That is if they have the means to do so, it's not like every person can do that and not everyone knows about crypto yet so when those people knew it, they won't consider leaving inheritance in the first place, some might not even consider because some might die unfortunately without thinking what to do next.

[Ucy]

An old proverb says “A good man/woman leaves an inheritance to his children's children…”. Since the inception of the world, whenever a person dies, their personal assets like money, possessions and property are either shared as stated in a will or in accordance with the law of succession where the deceased leaves no will. In most cases, the beneficiaries include may their spouse(s)/civil partner, child or children and grandchildren. In other cases, their brothers and sisters, parents or parent, nephews and nieces, favorite charity organization and state (where there is no relative) get to be the beneficiaries.

I recon that in the coming years folks are going to will their wallet seed and passphrases to their family members, their favorite charity, and even their kids unborn. As an investor or crypto trader is this a legacy you would want to leave behind?

Guess the main reason why people would want to Will their bitcoins is due to the issue of coin getting lost forever when their owners passed on. Too many coins getting lost when their owners passed on not really fair. Would be nice if the Will is default feature on all users wallets any reputable person within the Bitcoin Network can participate in. Once the user stops responding to some sort of signal on the wallet for some times, the coins get released to next-of-kin, and the participant earns some reward.

[syedakhlaque]

Yes, of course, every person has a desire that his children spend a prosperous life after him. His kids do not have to face financial problems after him. He wants to leave a good property in inheritance. This property may be in form of money, gold, land, or in the business. And everyone makes the best effort to facilitate his children.

On the other side, the famous philosopher and poet of the east say "Create your own name if you are alive".
Its meaning is that Every person should have to depend on himself for his spending his life.

[V-t.Ester]

I get really sad when think about all this. No one is immune from an accident so everyone needs to think in advance about inheritance and the way they’ll leave the heir password and phrase or their crypto possessions will be forever locked in blockchain and no one will have an opportunity to get access to them. Think that the most reliable way is to write the last will and testament and to mention there about crypto wallet and where the heir can find password, privet keys and QR-kod of the wallet (for instance, to hold this in safety deposit box, or somewhere else in very safe place). The other way is to leave some file on flash drive that you never use in hope that the heir will once found it and will deal independently. But this is less reliable way.

[Shenzou]

It is always good to think way ahead in the future and plan things carefully and especially if you are thinking about loved ones and the close people to you, but in the case of bitcoin i think that it is quite difficult to pass it on to someone else if that you are planning to keep things secure, and that is why in my opinion you should always try to make the best of your profits and enjoy them to the best you can because we don't know whne are we going to die or what the future holds for us, or take that money that you get and invested in something tangible or keep it in cash in case you want to pass it on to someone else.

[Fredomago]

It makes sense to leave BTC as some kind of inheritance, but I would not do it through a will. I think there are far better ways to do it. I have already planned my way of leaving crypto as inheritance and those who I wanted to know have been already noticed about it. At the end of the day, for me the best thing is not having a centralized/untrusted party know about this. I would rather do it my own way. Truth is, as mentioned above, there's no reason not to leave your crypto for future generations since you don't take it into the grave.

We've been living in a society where we worked hard to earn today so that we can have something to leave on our family once we are gone, leaving cryptocurrency especially bitcoin as an inheritance to my loved ones is priceless I mean I would love to do it but one thing that concerns me is the thought that they don't know how to used it or a tech-savvy. SO I guess instead of leaving an asset to them I'll go with teaching them what crypto is and how to earn from it this is what I think would be the best inheritance that I could leave for them.

Educating them is a good start to invite their interest inside this new venue for investment, letting them to understand the good future of this industry is same a like in preparing them if in any case bad things happened to you, they are capable to inherit all those savings that you invest within this market. I fully understand your concern, as I also have the same thought. It makes sense to introduce to them that you are really making decent money by means of crypto investment.

It's hard when they are just starting but once interest triggered, for sure it won't be hard as curiosity will engaged them to this business, and that serves the turning point to bring them to where you want them to learn, everything will be smooth if they already have the right understanding, you can safely give them all the information and if you already gone they will enjoy everything.

[Mahanton]

It is always good to think way ahead in the future and plan things carefully and especially if you are thinking about loved ones and the close people to you, but in the case of bitcoin i think that it is quite difficult to pass it on to someone else if that you are planning to keep things secure, and that is why in my opinion you should always try to make the best of your profits and enjoy them to the best you can because we don't know whne are we going to die or what the future holds for us, or take that money that you get and invested in something tangible or keep it in cash in case you want to pass it on to someone else.

A must thing unless if you are that selfish then you wouldnt really be tending to share up those riches that you had stored but rather choose up that you will much prefer on losing it all rather than benefited by your loved ones.It might sounds dumb but there are actually people who had done this on where being selfish is their main thing and i cant really see that point because nothing beats up the feeling that it do gives
when you do know that there's someone could benefit it out and thinking off that you've been trying your best to give them a good life then why wouldnt you able to do so about talking inheritance?

[marilynmanson21]

Inheritance for children is not required I think, but if there is it is not a problem, but if you share an inheritance in the form of crypto, I think you need people who understand the world of crypto, and the main problem is that not everyone understands crypto, so my advice is to leave inheritance in the form of fiat money. so that there is no gap between brothers

[syedakhlaque]

parents should leave an inheritance for their children. This inheritance can consist of property, money in the bank, Gold, Busines, shares, Bitcoin, and cryptocurrency, etc. But remember this thing also that:
1-The poet of the east says                   خود اپنا نام پیدا کر           اگر زندوں میں ہے  ؎
                                  "Create your own name if you are in alive"
So children should depend on their ability also. They should have the spirit to do something & step forward.
2-when God created man then and he also created goods of life for him. So any person cannot die until he does eat the all share of food that was created for him.

[Mauser]

I recon that in the coming years folks are going to will their wallet seed and passphrases to their family members, their favorite charity, and even their kids unborn. As an investor or crypto trader is this a legacy you would want to leave behind?

Yes I think this is normal now to think about the generations coming after us. For me my crypto portfolio is not different to my stock or investment fund portfolio. When I die I want my family to divide all of it together. It is normal in our culture to leave something behind. Most of us probably inherited something from our grand parents or parents. It's just fair if we do the same. We can't look into the future, there might be problems in the future that we need a lot of money. In case we become sick and need a lot of help than it could eat up all our savings. If not then we should really leave something behind.

[michellee]

I think that is my legacy to my family, especially for my kids so they can use my legacy for their lives and benefit from that. If we can give them a better life and use it with the right, I think we can leave this world with peace without thinking about how they will survive in the hardest of their lives. But we must prepare them with right and make them understand what we want so they will get in the wrong direction while using our legacy. If we can teach them how to use our legacy by giving them a letter on how to use it, they will be okay and will not have any future problems.

[deathcode]

I think that is my legacy to my family, especially for my kids so they can use my legacy for their lives and benefit from that. If we can give them a better life and use it with the right, I think we can leave this world with peace without thinking about how they will survive in the hardest of their lives. But we must prepare them with right and make them understand what we want so they will get in the wrong direction while using our legacy. If we can teach them how to use our legacy by giving them a letter on how to use it, they will be okay and will not have any future problems.

how do you make sure everything you have prepared for your inheritance can be understood and understood easily by the child or person you are referring to?
it relates to the interests and potential of the person you want to teach. because whatever you give them must be something of value which they may not like.
Pack what you mean, to become the most valuable legacy for him. and it will be something very useful for the people you leave behind.

[stomachgrowls]

I think that is my legacy to my family, especially for my kids so they can use my legacy for their lives and benefit from that. If we can give them a better life and use it with the right, I think we can leave this world with peace without thinking about how they will survive in the hardest of their lives. But we must prepare them with right and make them understand what we want so they will get in the wrong direction while using our legacy. If we can teach them how to use our legacy by giving them a letter on how to use it, they will be okay and will not have any future problems.

how do you make sure everything you have prepared for your inheritance can be understood and understood easily by the child or person you are referring to?
it relates to the interests and potential of the person you want to teach. because whatever you give them must be something of value which they may not like.
Pack what you mean, to become the most valuable legacy for him. and it will be something very useful for the people you leave behind.

Which this is why its really important for you to at least have that common  sense on whenever you do tend for them to acquire your inheritance even though its really out of their interest then you would definitely teach them on how they would able to do so.

Doesnt matter if its out of their likings because in talks of something valuable then they would definitely be forcing it up to learn at least.

Leaving out inheritances is something not really necessary but its just common sense that everything you have worked hard for would come to waste
if you dont pass it out just because of your selfishness.

[Sayeds56]

An old proverb says “A good man/woman leaves an inheritance to his children's children…”. Since the inception of the world, whenever a person dies, their personal assets like money, possessions and property are either shared as stated in a will or in accordance with the law of succession where the deceased leaves no will. In most cases, the beneficiaries include may their spouse(s)/civil partner, child or children and grandchildren. In other cases, their brothers and sisters, parents or parent, nephews and nieces, favorite charity organization and state (where there is no relative) get to be the beneficiaries.

I recon that in the coming years folks are going to will their wallet seed and passphrases to their family members, their favorite charity, and even their kids unborn. As an investor or crypto trader is this a legacy you would want to leave behind?

Your thought about leaving inheritance for incoming generations is  much appreciated and Bitcoin is the best anti-deflationary asset to inherit. We don't what will be the situation of inflation 5/10 years from now. Most likely Fiat currency will continue to depreciate as they are being printed massively by Central banks of all  countries so our unborn grand children will have some digital which is precious and worth owning and holding.

[michellee]

how do you make sure everything you have prepared for your inheritance can be understood and understood easily by the child or person you are referring to?
it relates to the interests and potential of the person you want to teach. because whatever you give them must be something of value which they may not like.
Pack what you mean, to become the most valuable legacy for him. and it will be something very useful for the people you leave behind.

I can not make sure but I can try to teach them until they understand and can use it with the right while I can still guard them and watch them using that in their wallet. I do not just teach my child but my closest family and for my child, I am sure if they can follow my advice and do what I say, they will not have a problem. The main thing is how they can secure the wallet and make a transaction. We should discuss many things with our family so we do not have to see a misunderstanding between us because I am sure everything will be fine if we can be open-minded and accept that.

[lienfaye]

As an investor or crypto trader is this a legacy you would want to leave behind?

Probably the reason why we are striving to gain from our crypto investment is to become financially stable and give our loved ones a comfortable life even we're not around already. Hence, its just right to pass what we worked hard for to the next generation and that is if you care for them.

Thats why I already made sure that someone special to me knows what im up to so I dont have to worry incase something happened.

[Olayinka2225]

I think the first approach is to bring around one child or a trusted family, sit them down and teach them all about crypto before that time. One thing is dying and leaving with them the seedphrase of the wallet holding the crypto assets another thing is knowing what to do about it, whether to sell it instantly for fiat or continue the crypto journey left by their father or relatives.

[barabarian1]

It's not a good idea to share your seed phrase with others. Because once you give them your seed phrase, they become the owner of the fund and you don't know when you will die.
To anyone who wants to have bitcoin in a will, I recommend to read the topic created by LoyceV.

Using Locktime for inheritance planning, backups or gifts

It's not a good idea if you don't trust the person that you want to leave your things in the case of death, but if you do trust them with all your heart then probably you're already in good hands. You're suggestion of using LockTime is actually nice but to others who find it hard to use that one, you can probably go with a lawyer and discuss your will and testament.

i think family will be a good person who take response about what we have, not all person have good relation with us but we have one of the other shit that will be trusted person.
simple is you teach brother about the basic, and the rest just leave on your pc.

[cheezcarls]

LoyceV's topic is much more useful when it comes to inheriting our BTCs. I've read his thread recently and I've learned something new here. Of course, there are risks if I don't know what I am doing, so I have to take time to implement this very carefully.

We can't just simply share our private keys and seed phrases to our close ones that easily. We don't know when our time is up here on this world. They could simply take advantage or misuse these BTCs while I still exist.

[Jasad]

Good men and women, will definitely leave their inheritance for the people they love, such as their children, wives and parents, because if they don't leave their inheritance, their price will definitely be wasted, if I personally I will definitely leave the keys to my wallet, for the family I love, because all this time I have worked for them too, because family is the inspiration of my life..

[Obito]

That's the natural thing to do, I mean what else would the deceased use the materials that he/she has left behind? We will definitely see that happen unless crypto becomes totally useless in the near future, seed phrases for your wallets wouldn't be a must for you to be leave behind to your loved ones.

[Alert31]

An old proverb says “A good man/woman leaves an inheritance to his children's children…”. Since the inception of the world, whenever a person dies, their personal assets like money, possessions and property are either shared as stated in a will or in accordance with the law of succession where the deceased leaves no will. In most cases, the beneficiaries include may their spouse(s)/civil partner, child or children and grandchildren. In other cases, their brothers and sisters, parents or parent, nephews and nieces, favorite charity organization and state (where there is no relative) get to be the beneficiaries.

I recon that in the coming years folks are going to will their wallet seed and passphrases to their family members, their favorite charity, and even their kids unborn. As an investor or crypto trader is this a legacy you would want to leave behind?

I think, it's better to teach your loveones or family members about crypto and how to use it so that they know what they will do with your crypto assets if ever you die. It's not safe to share your private keys or passphrase to anyone because it might be a way for others to steal what you have in your crypto wallet. So, be careful and never trust to anyone.

[syedzakir]

If a person dies then he or she must leave something for their heirs or those mentioned in the will. In the case of crypto currency, giving your seed phrase to someone can be risky because he or she may have access to everything before your death and there is another chance that they may be become the owner of everything all alone

[yayayo]

I personally would want to leave inheritance to my family, loved one, or on a charity, if the situation permits. If I would to acquire such capacity and assets that I could leave behind the aforementioned, I would do so. As they say, it is useless to be selfish on such things because you cannot bring these in the afterlife, so might as well be given to others so they can make use of it, right?

ya.ya.yo!

[barbara44]

I recon that in the coming years folks are going to will their wallet seed and passphrases to their family members, their favorite charity, and even their kids unborn. As an investor or crypto trader is this a legacy you would want to leave behind?

I have never thought about leaving Bitcoin or any cryptocurrency as an inheritance. That sounds quite good, but everyone has different plans for themselves, some people might not want to do that and they would prefer to just leave other things for their family. But, if you know a way that you can go about that and leave cryptocurrency as an inheritance for your children, then you can go ahead and do that.

Though my advice would be that – while you are alive, it is best that you work hard and make sure that your family are in a good position, now that you are alive. Instead of talking about inheritance, because you are not even sure of what happens when you are gone. So, your main target  should be taking care of your family while you are here now and giving whatever they would need when you’re gone, any inheritance after you will just be a bonus.

[blatchcorn]

I recon that in the coming years folks are going to will their wallet seed and passphrases to their family members, their favorite charity, and even their kids unborn. As an investor or crypto trader is this a legacy you would want to leave behind?

The case of Bitcoin and other decentralized crypto is different then physical and fiat assets that somebody left behind. Every country has its own law for distribution of assets of deceased to legal heirs but thats not the case in crypto. If you havent passed your keys to your next of kin then after you passed away your assets are gone. Please pass your keys to the people you trust in your life, otherwise nobody can use them after you quit.

[0t3p0t]

Passing on the inheritance would be tricky if the receiver is not well-versed in the tech-savvy crypto industry. It's not going to be easy to recover those funds, let alone people understand it right away. I agree with hosseinimr93 the thread of LoyceV will have different insights when it comes to inheritance.

Agree. Not all crypto enthusiasts has their family exposed to what we called blockchain technology and it is too complicated or hard for them to understand the way we deal with crypto, that is why I think if we are planning to do that in the future we need to educate them right now.

[Imran232]

It's similar to the question of what happens to my bitcoin after I die if I didn't share the seed or password with anyone before my death.But in that case, you already gave the solution that we can give the seed to someone. I can transport it to anyone. It can be anyone or any organization, like what people do with general property. Because bitcoin is also a financial service, you can use it for any need. So if you grab it for your family, then make something possible so that after your death, they can use it. That is what I am doing. I am teaching my younger brother about bitcoin. 

[Smartvirus]

Cryptocurrency goes beyond an a currency as an asset and even currencies are willed so, Cryptos shouldn't be any different. It is ethically true to say that, your private key and seed phrase stays private but, I doubt it does any good if, it doesn't get to be transferred to someone else or put in any useful form even when your gone. Hence, I think there would come a point in time, when you would just have to put some things in place, to ensure that your coin could be inherited.

[carlfebz2]

Cryptocurrency goes beyond an a currency as an asset and even currencies are willed so, Cryptos shouldn't be any different. It is ethically true to say that, your private key and seed phrase stays private but, I doubt it does any good if, it doesn't get to be transferred to someone else or put in any useful form even when your gone. Hence, I think there would come a point in time, when you would just have to put some things in place, to ensure that your coin could be inherited.

If you are a kind of person who is selfish and doesnt mind about your family or something talks about inheritance then you wouldnt tend to share up those

keys on the beginning but instead you would keep it for yourself but most people wont do such thing yet it would be such a waste if those coins wont really

be benefited out by your loved ones. On where you do all these things for? Of course it would be because of them which its just normal for you
to do such thing.

[Vaskiy]

This is something commonly followed all around the world. Once after the death of a parents automatically the possessions and everything that is owned by his/her parents belong to him/her. This takes place through documented procedure. With cryptocurrencies too the same practice is followed. With cryptocurrencies only with the pass phrases it is possible to have control over the wallet.

There were several ways through which the information about the pass phrases of the wallet can be shared once after the death of a person. Just because nothing is shared there might be good number of bitcoin and other cryptocurrencies sitting idle, unable to be used.

[Accardo]

It's better to will the funds to some other person a relative or spouse that knows about bitcoin because a newbie in this niche may not understand that they need to hodl the coin or invest it back to make more money that will enable them to buy more bitcoins.

Although, they are a lot of bitcoin wallet filled with funds that cannot be accessed because the owners don't exist anymore. It's just a lost to the world and to the market as well. The idea is good when you have a learned lawyer.

[Luke Briggs]

Now that cryptocurrencies are becoming more and more popular, you can tell someone you trust to say your password. We don't know which one will arrive first tomorrow or unexpected. Our money will be left to our children or to some important people. You can prepare your will first to prevent accidents and losses.

[Hamphser]

Cryptocurrency goes beyond an a currency as an asset and even currencies are willed so, Cryptos shouldn't be any different. It is ethically true to say that, your private key and seed phrase stays private but, I doubt it does any good if, it doesn't get to be transferred to someone else or put in any useful form even when your gone. Hence, I think there would come a point in time, when you would just have to put some things in place, to ensure that your coin could be inherited.

If you are a kind of person who is selfish and doesnt mind about your family or something talks about inheritance then you wouldnt tend to share up those

keys on the beginning but instead you would keep it for yourself but most people wont do such thing yet it would be such a waste if those coins wont really

be benefited out by your loved ones. On where you do all these things for? Of course it would be because of them which its just normal for you
to do such thing.

Sad to say but there are people who are like this on which they dont mind about inheritance and would keep those riches for themselves which is really the sad truth.

Inheritance is something that you have worked for and it would be useless if it would just come to waste because you havent share it off when you are still alive.better mind off while its still early because we dont know on when we die.No one can tell thats why its better to ensure it while you are still living.

[Kakmakr]

I think the best "inheritance" to your family and friends will be the "Crypto" knowledge that you leave behind. If that knowledge can equip them to make a decent living or to earn passive income.... then I should think it must be a better "inheritance" than simply throwing money into their lap for free.

Now this can be in the form of funding for a "Crypto" course or books on the subject or even just tips and tricks to boost their knowledge so that they can earn money.

Another saying says.... “If you give a man a fish, you feed him for a day. If you teach a man to fish, you feed him for a lifetime.” 

[Wawa2013]

I think the best "inheritance" to your family and friends will be the "Crypto" knowledge that you leave behind. If that knowledge can equip them to make a decent living or to earn passive income.... then I should think it must be a better "inheritance" than simply throwing money into their lap for free.

Now this can be in the form of funding for a "Crypto" course or books on the subject or even just tips and tricks to boost their knowledge so that they can earn money.

Another saying says.... “If you give a man a fish, you feed him for a day. If you teach a man to fish, you feed him for a lifetime.” 

If we give a inheritance of crypto to our families, it will only help our families in a short time. Because they might spend it on something
consumptive, because there have been many cases of children receiving inheritance from their parents. But in just a few months the inheritance
was gone. I agree with your thinking, the best inheritance is knowledge. We teach our families how to make money from crypto, it is more effective
than giving crypto in large quantities. That's why I started slowly teaching crypto to my wife and children from now on, so that when I die and
the inheritance I gave them runs out. My wife and children can still have money, because they already know how to make money from crypto.
Such inheritance should be passed down from generation to generation.

[Alisha FR]

it is impossible to keep the secret of the phrase to access crypto. this is an asset where our children and wife will use the amount of money that is in crypto to survive. we are really cruel if we don't give them the keys to access our assets. I think that phrase will be the next inheritance for children and families as inheritance.

[noormcs5]

An old proverb says “A good man/woman leaves an inheritance to his children's children…”. Since the inception of the world, whenever a person dies, their personal assets like money, possessions and property are either shared as stated in a will or in accordance with the law of succession where the deceased leaves no will. In most cases, the beneficiaries include may their spouse(s)/civil partner, child or children and grandchildren. In other cases, their brothers and sisters, parents or parent, nephews and nieces, favorite charity organization and state (where there is no relative) get to be the beneficiaries.

I recon that in the coming years folks are going to will their wallet seed and passphrases to their family members, their favorite charity, and even their kids unborn. As an investor or crypto trader is this a legacy you would want to leave behind?

Sensible people will still trust and give their crypto access to their family members before they die but there will be many people who won't do it and all the money stored in crypto will be useless once they die.
Currencies like bitcoin which are limited in supply, will continue to decrease as we will see a lot of bitcoins being lost with the death of the humans.

[glendall]

I think the will that I will give is not in the form of passwords and prashes, but in the form of real assets that will make it easier for my grandchildren in the future, because we don't know how long crypto will exist, not that I don't believe in crypto in the future, but to minimize the risk of loss if i died
and my son doesn't understand what crypto is

[NelfiNovita]

An old proverb says “A good man/woman leaves an inheritance to his children's children…”. Since the inception of the world, whenever a person dies, their personal assets like money, possessions and property are either shared as stated in a will or in accordance with the law of succession where the deceased leaves no will. In most cases, the beneficiaries include may their spouse(s)/civil partner, child or children and grandchildren. In other cases, their brothers and sisters, parents or parent, nephews and nieces, favorite charity organization and state (where there is no relative) get to be the beneficiaries.

I recon that in the coming years folks are going to will their wallet seed and passphrases to their family members, their favorite charity, and even their kids unborn. As an investor or crypto trader is this a legacy you would want to leave behind?

As a crypto holder I will also be leaving some of the Bitcoins and Altcoins I currently have. I already told my wife about the private key of my bitcoin wallet. I believe the Bitcoin and Altcoin that I left behind can make the lives of my wife and children happy in the future. In addition, I also provided land and house facilities that I gave to my wife so that my wife would not have trouble finding a place to live.

[LogitechMouse]

Cryptocurrency goes beyond an a currency as an asset and even currencies are willed so, Cryptos shouldn't be any different. It is ethically true to say that, your private key and seed phrase stays private but, I doubt it does any good if, it doesn't get to be transferred to someone else or put in any useful form even when your gone. Hence, I think there would come a point in time, when you would just have to put some things in place, to ensure that your coin could be inherited.

If you want to get your holdings in your grave then don't give your seed phrase to any other relative .
Kidding aside though, its true that you and only you must be the one who knows the seed phrase but at least pick one person or relative that you trust with so much and share the phrase to him/her so that if worst thing comes like accidents then somebody can still have access to your wallet.

TBH, I'm always thinking whenever I go to sleep who will I give the seed phrase when my time comes. I mean I might pick somebody that I fully trust with so that everything is ready when the worst thing comes. I'm also ready whenever he/she steals my money .

[Zilon]

Since assets has become more digital than physical it's still not adviced to let your close relative know your seed phrase while you are still alive there are ways of disclosing this in a way that will safeguard the interest of both your loved once and yourself. One tactics is to safe your seedphrase where only you can access while alive but where your most trusted relative can access after your demise and never disclose where your seed phrase is saved but it should be where your close ones can access

[goldkingcoiner]

An old proverb says “A good man/woman leaves an inheritance to his children's children…”. Since the inception of the world, whenever a person dies, their personal assets like money, possessions and property are either shared as stated in a will or in accordance with the law of succession where the deceased leaves no will. In most cases, the beneficiaries include may their spouse(s)/civil partner, child or children and grandchildren. In other cases, their brothers and sisters, parents or parent, nephews and nieces, favorite charity organization and state (where there is no relative) get to be the beneficiaries.

I recon that in the coming years folks are going to will their wallet seed and passphrases to their family members, their favorite charity, and even their kids unborn. As an investor or crypto trader is this a legacy you would want to leave behind?

I find the very concept of inheritance revolting, to be honest. There needs to be a cap on how much you can give your children/their children and the rest should go to the government as taxes. IF we had a capped system we would not have so many unecessary Trillionaires/Billionaires like the Rothshilds screwing up the global economy on their own whims and private amusements.

[nurilham]

It is true that a good person must leave a legacy but in this case as crypto enthusiasts we must be able to choose the right person to receive it. I mean accepting crypto or other assets is not an easy thing, we have to be able to use and make good use of it. So it's good that we can start preparing the closest or trusted people to learn about the crypto world so that in the future it can be put to good use. Of course, we all hope that crypto will continue to grow in the future so that we can also use it well in the future.

[TelolettOm]

This is exactly so many people are thinking in the world, leaving their children in goo prosperity, poverty, and also inheritance.
They don't want their children will face any difficulties in the future, moreover because we don't know what will be faced by the children.
However for me, I will of course leave them inheritance, but not because of worrying them in the future.
I will leave inheritance not only in the poverty or money, but also how the children can really utilize  the inheritance, both money nonpoverty, knowledge, choices, and others.
I believe in my children, I jus want to prepare them with all thing that I have right now, in order to make them responsible of their life, but by not leaving them alone. I will support them emotionally, socially, knowledge, and also financial to prepare them responsible and also available to face every condition in the future.

[Sayeds56]

Since assets has become more digital than physical it's still not adviced to let your close relative know your seed phrase while you are still alive there are ways of disclosing this in a way that will safeguard the interest of both your loved once and yourself. One tactics is to safe your seedphrase where only you can access while alive but where your most trusted relative can access after your demise and never disclose where your seed phrase is saved but it should be where your close ones can access

Its true that rapid technological development is converting all assets from physical to digital which is very good for traceability and eliminate corruption and I think it is quite good idea to let your child to  know your passwords and seed phrase who is responsible, honest and knows how to use crypto currency to generate income. When you are in old age and suffering from chorionic diseases then it becomes more important to disclose it to your family member to whom your trust so that your family can take benefit of your inheritance.

[AakZaki]

The legacy that will be left if you have a lot of digital assets is of course a digital phrase to a personal wallet. But security is also an important thing that must be considered. The phrase must be stored properly and should not be dropped or owned by someone other than the owner of the inheritance rights.
Inheritance in the form of digital assets will be very valuable in the future, this will be equivalent to inheritance in the form of land and a house.
If you really want to pass on digital assets, use a time capsul to store phrases so that they are safe and there is no damage to the phrases written on a paper. many methods can be used.

[mich]

When it comes to inheriting bitcoin, I wouldn’t be surprised if harsher federal taxes were instated someday.
It’s important to note that leaving so much wealth to your children can raise new problems for them.
For this reasons alone I think there is a growing trend of wealthy parents choosing not to leave their money to their children.

[Shagnasty]

Such a thing should probably be a management body for the management of cryptocurrency asset inheritance. Because right now we can't trust each other.  Cryptocurrencies need to grow even longer to make it all. Wallet access is also a sensitive thing we have to keep it private. What happens if it leaks even to our own families?

[Renampun]

An old proverb says “A good man/woman leaves an inheritance to his children's children…”. Since the inception of the world, whenever a person dies, their personal assets like money, possessions and property are either shared as stated in a will or in accordance with the law of succession where the deceased leaves no will. In most cases, the beneficiaries include may their spouse(s)/civil partner, child or children and grandchildren. In other cases, their brothers and sisters, parents or parent, nephews and nieces, favorite charity organization and state (where there is no relative) get to be the beneficiaries.

I recon that in the coming years folks are going to will their wallet seed and passphrases to their family members, their favorite charity, and even their kids unborn. As an investor or crypto trader is this a legacy you would want to leave behind?

bitcoin or any other cryptocurrency that I have is a valuable legacy for my children in the future...

all parents must have thought of good things for their children's future and I see cryptocurrency has become a very good valuable asset for inheritance other than property, savings or gold. in the future, this will definitely be a trend.

[JayTrain]

An old proverb says “A good man/woman leaves an inheritance to his children's children…”. Since the inception of the world, whenever a person dies, their personal assets like money, possessions and property are either shared as stated in a will or in accordance with the law of succession where the deceased leaves no will. In most cases, the beneficiaries include may their spouse(s)/civil partner, child or children and grandchildren. In other cases, their brothers and sisters, parents or parent, nephews and nieces, favorite charity organization and state (where there is no relative) get to be the beneficiaries.

I recon that in the coming years folks are going to will their wallet seed and passphrases to their family members, their favorite charity, and even their kids unborn. As an investor or crypto trader is this a legacy you would want to leave behind?

of course, any parent here wants the best for their children, including me, so I would leave my wallets first of all to my family and friends, these are children, brothers, sisters, and it would be right, this is how everyone traditionally dedicates, but it's better not to think about the bad.

[Hamphser]

An old proverb says “A good man/woman leaves an inheritance to his children's children…”. Since the inception of the world, whenever a person dies, their personal assets like money, possessions and property are either shared as stated in a will or in accordance with the law of succession where the deceased leaves no will. In most cases, the beneficiaries include may their spouse(s)/civil partner, child or children and grandchildren. In other cases, their brothers and sisters, parents or parent, nephews and nieces, favorite charity organization and state (where there is no relative) get to be the beneficiaries.

I recon that in the coming years folks are going to will their wallet seed and passphrases to their family members, their favorite charity, and even their kids unborn. As an investor or crypto trader is this a legacy you would want to leave behind?

of course, any parent here wants the best for their children, including me, so I would leave my wallets first of all to my family and friends, these are children, brothers, sisters, and it would be right, this is how everyone traditionally dedicates, but it's better not to think about the bad.

But thinking about the bad is something that cant be avoided thats why being mindful on leaving out inheritance is something should really be arranged on because you wouldnt know on what would happen next.

Leaving out on what  you had worked hard for is something you should be mindful on doing that and wont really make those things comes to waste and would rather be beneficial.

Being selfish wont do anything good so better to share it up and make them aware on how thing works and able for them to access on.

[perfect999]

When it comes to inheriting bitcoin, I wouldn’t be surprised if harsher federal taxes were instated someday.
It’s important to note that leaving so much wealth to your children can raise new problems for them.
For this reasons alone I think there is a growing trend of wealthy parents choosing not to leave their money to their children.

Well, you did make some really good point here, and yes something like that can happen: you can wake up tomorrow and a lot of things would be changed. But, that’s not enough why you shouldn’t leave an inheritance for your children. You should leave an inheritance, but it is not a must that it should be Bitcoin or cryptocurrency that you’re leaving for them.

First and foremost, you have got to be able to make life better for them even before talking about inheritance. Sometimes an inheritance is not really what someone needs to be better in life, what if the inheritance is not enough? So, the best thing you can do for your children, you better do it while you’re still alive and not when you’re gone.

[tulusikhlas]

An old proverb says “A good man/woman leaves an inheritance to his children's children…”. Since the inception of the world, whenever a person dies, their personal assets like money, possessions and property are either shared as stated in a will or in accordance with the law of succession where the deceased leaves no will. In most cases, the beneficiaries include may their spouse(s)/civil partner, child or children and grandchildren. In other cases, their brothers and sisters, parents or parent, nephews and nieces, favorite charity organization and state (where there is no relative) get to be the beneficiaries.

I recon that in the coming years folks are going to will their wallet seed and passphrases to their family members, their favorite charity, and even their kids unborn. As an investor or crypto trader is this a legacy you would want to leave behind?

of course, any parent here wants the best for their children, including me, so I would leave my wallets first of all to my family and friends, these are children, brothers, sisters, and it would be right, this is how everyone traditionally dedicates, but it's better not to think about the bad.

I think inheriting something must be fundamental. For example, if we inherit in the form of wealth, will our children be able to manage it properly so that nothing bad happens to their assets. Yes we all know, parents would want their children more than him. But, is it enough to only have assets of wealth? I do not think so. In conclusion, we must inherit something along with the knowledge.

[Chato1977]

I recon that in the coming years folks are going to will their wallet seed and passphrases to their family members, their favorite charity, and even their kids unborn. As an investor or crypto trader is this a legacy you would want to leave behind?

This has been happening for years, and has been advised to many threads about making the crypto as inheritance as we are not sure of what will happen in the future specially in unexpected death in which many fails to leave their seeds and passphrase to their family and love once that's why their crypto assets are now nothing to be find and died with them.

[Distinctin]

An old proverb says “A good man/woman leaves an inheritance to his children's children…”. Since the inception of the world, whenever a person dies, their personal assets like money, possessions and property are either shared as stated in a will or in accordance with the law of succession where the deceased leaves no will. In most cases, the beneficiaries include may their spouse(s)/civil partner, child or children and grandchildren. In other cases, their brothers and sisters, parents or parent, nephews and nieces, favorite charity organization and state (where there is no relative) get to be the beneficiaries.

I recon that in the coming years folks are going to will their wallet seed and passphrases to their family members, their favorite charity, and even their kids unborn. As an investor or crypto trader is this a legacy you would want to leave behind?

bitcoin or any other cryptocurrency that I have is a valuable legacy for my children in the future...

all parents must have thought of good things for their children's future and I see cryptocurrency has become a very good valuable asset for inheritance other than property, savings or gold. in the future, this will definitely be a trend.

Ofcourse there's no parents in todays world that aren't thinking about what's good for their children especially no one exactly knows when is our time to leave this world. An inheritance would be the first thing to pop in the parents mind that they could leave it to their children. An inheritance of a cryptocurrency wallet isn't a bad idea afterall we are now living in a tech era, that would be a big help to the beneficiaries as they're starting on their own feet.

[Fatunad]

An old proverb says “A good man/woman leaves an inheritance to his children's children…”. Since the inception of the world, whenever a person dies, their personal assets like money, possessions and property are either shared as stated in a will or in accordance with the law of succession where the deceased leaves no will. In most cases, the beneficiaries include may their spouse(s)/civil partner, child or children and grandchildren. In other cases, their brothers and sisters, parents or parent, nephews and nieces, favorite charity organization and state (where there is no relative) get to be the beneficiaries.

I recon that in the coming years folks are going to will their wallet seed and passphrases to their family members, their favorite charity, and even their kids unborn. As an investor or crypto trader is this a legacy you would want to leave behind?

bitcoin or any other cryptocurrency that I have is a valuable legacy for my children in the future...

all parents must have thought of good things for their children's future and I see cryptocurrency has become a very good valuable asset for inheritance other than property, savings or gold. in the future, this will definitely be a trend.

Ofcourse there's no parents in todays world that aren't thinking about what's good for their children especially no one exactly knows when is our time to leave this world. An inheritance would be the first thing to pop in the parents mind that they could leave it to their children. An inheritance of a cryptocurrency wallet isn't a bad idea afterall we are now living in a tech era, that would be a big help to the beneficiaries as they're starting on their own feet.

Every parent would really be minding about this manner but there are instances on which we do parents doesnt really have any something to left on except to those who do really have some crypto assets on this market
which they could possibly leave out something in case they would pass out which its understandable that we would really be doing this stuff for the sake of those people who would leave behind.
Inheritance is somewhat an obligation but not all would really be that open minded and bit selfish when it comes to this.

[Botnake]

An old proverb says “A good man/woman leaves an inheritance to his children's children…”. Since the inception of the world, whenever a person dies, their personal assets like money, possessions and property are either shared as stated in a will or in accordance with the law of succession where the deceased leaves no will. In most cases, the beneficiaries include may their spouse(s)/civil partner, child or children and grandchildren. In other cases, their brothers and sisters, parents or parent, nephews and nieces, favorite charity organization and state (where there is no relative) get to be the beneficiaries.

I recon that in the coming years folks are going to will their wallet seed and passphrases to their family members, their favorite charity, and even their kids unborn. As an investor or crypto trader is this a legacy you would want to leave behind?

bitcoin or any other cryptocurrency that I have is a valuable legacy for my children in the future...

all parents must have thought of good things for their children's future and I see cryptocurrency has become a very good valuable asset for inheritance other than property, savings or gold. in the future, this will definitely be a trend.

Ofcourse there's no parents in todays world that aren't thinking about what's good for their children especially no one exactly knows when is our time to leave this world. An inheritance would be the first thing to pop in the parents mind that they could leave it to their children. An inheritance of a cryptocurrency wallet isn't a bad idea afterall we are now living in a tech era, that would be a big help to the beneficiaries as they're starting on their own feet.

Well, its quite risky as crypto gets complicated particularly for non tech savvy. But i'm still thinking that maybe in the future i can leave them with some assets and properties but not in the form of crypto. Also, i would rather choose fiat money instead so they can enjoy and benefit from it in times of financial problems and they can use it too to build a bright future for my grandsons.

However, crypto has definitely higher value than fiat but still, i think it will only make them get into troubles in the future if they can't manage it correctly, and end up losing all the said cryptos.

[coinism]

Inheritance is somewhat an obligation but not all would really be that open minded and bit selfish when it comes to this.

Life is uncertain and we don't know exactly how long we will breath. The difference b/w real world assets and bitcoin is that there is a legal procedure for division of real world assets when someone dies but same is not the case with bitcoin. We have to decide in our lives whether we wanna give that to our loved ones or made them useless after we die. The decision is in our hands.

[Reatim]

An old proverb says “A good man/woman leaves an inheritance to his children's children…”. Since the inception of the world, whenever a person dies, their personal assets like money, possessions and property are either shared as stated in a will or in accordance with the law of succession where the deceased leaves no will. In most cases, the beneficiaries include may their spouse(s)/civil partner, child or children and grandchildren. In other cases, their brothers and sisters, parents or parent, nephews and nieces, favorite charity organization and state (where there is no relative) get to be the beneficiaries.

I recon that in the coming years folks are going to will their wallet seed and passphrases to their family members, their favorite charity, and even their kids unborn. As an investor or crypto trader is this a legacy you would want to leave behind?

bitcoin or any other cryptocurrency that I have is a valuable legacy for my children in the future...

all parents must have thought of good things for their children's future and I see cryptocurrency has become a very good valuable asset for inheritance other than property, savings or gold. in the future, this will definitely be a trend.

Ofcourse there's no parents in todays world that aren't thinking about what's good for their children especially no one exactly knows when is our time to leave this world. An inheritance would be the first thing to pop in the parents mind that they could leave it to their children. An inheritance of a cryptocurrency wallet isn't a bad idea afterall we are now living in a tech era, that would be a big help to the beneficiaries as they're starting on their own feet.

Every parent would really be minding about this manner but there are instances on which we do parents doesnt really have any something to left on except to those who do really have some crypto assets on this market
which they could possibly leave out something in case they would pass out which its understandable that we would really be doing this stuff for the sake of those people who would leave behind.
Inheritance is somewhat an obligation but not all would really be that open minded and bit selfish when it comes to this.

But the problem is If they are trustworthy enough to Let their children knows the Keys and Password in case there is accident happens or at least bad things that result into death.

remember that crypto cannot be inherit once the Keys have not been told or given to others.

So yes this is a good one to the parents that has crypto asset but at least know how to let others have access in case of emergency .

[Vaculin]

An old proverb says “A good man/woman leaves an inheritance to his children's children…”. Since the inception of the world, whenever a person dies, their personal assets like money, possessions and property are either shared as stated in a will or in accordance with the law of succession where the deceased leaves no will. In most cases, the beneficiaries include may their spouse(s)/civil partner, child or children and grandchildren. In other cases, their brothers and sisters, parents or parent, nephews and nieces, favorite charity organization and state (where there is no relative) get to be the beneficiaries.

I recon that in the coming years folks are going to will their wallet seed and passphrases to their family members, their favorite charity, and even their kids unborn. As an investor or crypto trader is this a legacy you would want to leave behind?

bitcoin or any other cryptocurrency that I have is a valuable legacy for my children in the future...

all parents must have thought of good things for their children's future and I see cryptocurrency has become a very good valuable asset for inheritance other than property, savings or gold. in the future, this will definitely be a trend.

Ofcourse there's no parents in todays world that aren't thinking about what's good for their children especially no one exactly knows when is our time to leave this world. An inheritance would be the first thing to pop in the parents mind that they could leave it to their children. An inheritance of a cryptocurrency wallet isn't a bad idea afterall we are now living in a tech era, that would be a big help to the beneficiaries as they're starting on their own feet.

Every parent would really be minding about this manner but there are instances on which we do parents doesnt really have any something to left on except to those who do really have some crypto assets on this market
which they could possibly leave out something in case they would pass out which its understandable that we would really be doing this stuff for the sake of those people who would leave behind.
Inheritance is somewhat an obligation but not all would really be that open minded and bit selfish when it comes to this.

But the problem is If they are trustworthy enough to Let their children knows the Keys and Password in case there is accident happens or at least bad things that result into death.

remember that crypto cannot be inherit once the Keys have not been told or given to others.

So yes this is a good one to the parents that has crypto asset but at least know how to let others have access in case of emergency .

Well, if you are planning to leave your crypto to your children and grandchildren, then they should be aware earlier on how to access crypto and how to manage it in a profitable way. Other than that, they should learn too how to put buy and sell order so that in times, they need to convert them for fiat, it will not be hard for them to do that. Crypto will be more valuable in the future and leaving them as an inheritance will make more millions in the years to come.

[DeathAngel]

I will definitely leave substantial funds to my kid. He will have generational wealth, thanks to bitcoin. I agree that a good man/woman leaves what they can to their kids. Not everybody can afford to leave big money but you should go without nice things in life so that your kids can have a better life.

[Kasabus]

I will definitely leave substantial funds to my kid. He will have generational wealth, thanks to bitcoin. I agree that a good man/woman leaves what they can to their kids. Not everybody can afford to leave big money but you should go without nice things in life so that your kids can have a better life.

No parents would want to leave without an assurance that their children will have a better future so as much as possible, leaving them with a huge amount of money or any kind of assets or investments will be the first priority of the parents before they die. And with crypto, i know it will be of great value in the future so parents should assist their children first about crypto before they rest in peace.

[Molinology]

A way could be found to do this. Crypto is nowadays most people’s asset as it is easy to buy and track. No stress about any documentation like in case of properties and other assets. But there have not been much talks of people leaving behind crypto for their dear ones. Maybe it is newer but it does hold a lot of potential and would be perfect as inheritance.

[Rufsilf]

An old proverb says “A good man/woman leaves an inheritance to his children's children…”. Since the inception of the world, whenever a person dies, their personal assets like money, possessions and property are either shared as stated in a will or in accordance with the law of succession where the deceased leaves no will. In most cases, the beneficiaries include may their spouse(s)/civil partner, child or children and grandchildren. In other cases, their brothers and sisters, parents or parent, nephews and nieces, favorite charity organization and state (where there is no relative) get to be the beneficiaries.

I recon that in the coming years folks are going to will their wallet seed and passphrases to their family members, their favorite charity, and even their kids unborn. As an investor or crypto trader is this a legacy you would want to leave behind?

of course, any parent here wants the best for their children, including me, so I would leave my wallets first of all to my family and friends, these are children, brothers, sisters, and it would be right, this is how everyone traditionally dedicates, but it's better not to think about the bad.

While your statement is quite true, but the question is can we really leave our wallets to them even before we die? Because apparently, we ain't sure of our time here on this God's green earth so I think it's better to give them informations already as early so that they can be familiarized about it in times of emergency because what's the use of that certain wallet if they didn't know what to do about it.

[bekti3]

Inheritance is somewhat an obligation but not all would really be that open minded and bit selfish when it comes to this.

Life is uncertain and we don't know exactly how long we will breath. The difference b/w real world assets and bitcoin is that there is a legal procedure for division of real world assets when someone dies but same is not the case with bitcoin. We have to decide in our lives whether we wanna give that to our loved ones or made them useless after we die. The decision is in our hands.

Actually, things like this are very risky to talk about earlier because this kind of thing is so sensitive.
indeed we never know our age until when and even it can not be predicted beforehand.
But on the other hand, talking about assets to the closest people is too risky, I think, because it is human nature to always do things that are beyond normal when talking about wealth, regardless of family principles, greed will always exist.
it is very difficult indeed to have full trust in the closest people but it will be a loss when we die the closest people we can not feel the assets we have

[Issa56]

Currently that am still alive I don't really trust anybody so I don't really allow anybody to know my seed phrase or private key, because if anybody have access to your private key then your funds are no longer safe, but I believe I will be dieing one day and if nobody have access to my wallet all my funds are gone so I make sure I secure all my private key to different wallets in my diary so that if I die and they want to share my property if they check my diary they will definitely see my private keys there then they can sell off and distribute the money.

[uneng]

An old proverb says “A good man/woman leaves an inheritance to his children's children…”. Since the inception of the world, whenever a person dies, their personal assets like money, possessions and property are either shared as stated in a will or in accordance with the law of succession where the deceased leaves no will. In most cases, the beneficiaries include may their spouse(s)/civil partner, child or children and grandchildren. In other cases, their brothers and sisters, parents or parent, nephews and nieces, favorite charity organization and state (where there is no relative) get to be the beneficiaries.

I recon that in the coming years folks are going to will their wallet seed and passphrases to their family members, their favorite charity, and even their kids unborn. As an investor or crypto trader is this a legacy you would want to leave behind?

of course, any parent here wants the best for their children, including me, so I would leave my wallets first of all to my family and friends, these are children, brothers, sisters, and it would be right, this is how everyone traditionally dedicates, but it's better not to think about the bad.

While your statement is quite true, but the question is can we really leave our wallets to them even before we die? Because apparently, we ain't sure of our time here on this God's green earth so I think it's better to give them informations already as early so that they can be familiarized about it in times of emergency because what's the use of that certain wallet if they didn't know what to do about it.

It depends if you can trust them or not. If that is the case, you can give them all the informations needed to access your funds from now on, because you have the assurance they will only touch the money if you ask, or in an emergency, unexpected situation.

However, if the person can't trust his own kind at all, I'm not sure what would be the best approach to solve this matter in a safe way for every parts.

After all, bitcoin purpose is to work as person to person currency, what means there must be mutual trust, without involving any third party's interference. In inheritance cases it should work similarly.

[dataispower]

An old proverb says “A good man/woman leaves an inheritance to his children's children…”. Since the inception of the world, whenever a person dies, their personal assets like money, possessions and property are either shared as stated in a will or in accordance with the law of succession where the deceased leaves no will. In most cases, the beneficiaries include may their spouse(s)/civil partner, child or children and grandchildren. In other cases, their brothers and sisters, parents or parent, nephews and nieces, favorite charity organization and state (where there is no relative) get to be the beneficiaries.

I recon that in the coming years folks are going to will their wallet seed and passphrases to their family members, their favorite charity, and even their kids unborn. As an investor or crypto trader is this a legacy you would want to leave behind?

A wallet seed phrase is meant for one  person, their is no need of sharing the seed to another person and is in appropriate for some to link the secret of he and her wallet to another person, your wife or son will decide to dupe your coin any time it feels like withdrawing your coins in the wallet and it is nice to keep every documents of wallet secret because trusting some body now hour days is something difficult and every body is a suspect

[Oilacris]

An old proverb says “A good man/woman leaves an inheritance to his children's children…”. Since the inception of the world, whenever a person dies, their personal assets like money, possessions and property are either shared as stated in a will or in accordance with the law of succession where the deceased leaves no will. In most cases, the beneficiaries include may their spouse(s)/civil partner, child or children and grandchildren. In other cases, their brothers and sisters, parents or parent, nephews and nieces, favorite charity organization and state (where there is no relative) get to be the beneficiaries.

I recon that in the coming years folks are going to will their wallet seed and passphrases to their family members, their favorite charity, and even their kids unborn. As an investor or crypto trader is this a legacy you would want to leave behind?

A wallet seed phrase is meant for one  person, their is no need of sharing the seed to another person and is in appropriate for some to link the secret of he and her wallet to another person, your wife or son will decide to dupe your coin any time it feels like withdrawing your coins in the wallet and it is nice to keep every documents of wallet secret because trusting some body now hour days is something difficult and every body is a suspect

One of the difficult things when you do decide to let those family members knows those private keys you do have thats why you would really be hesitate in doing so which i cant really blame them because

even myself would really hesitate when it comes to this manner.You cant be sure if they wont really be accessing those coins when you are still alive so there's always a risk and probabilities.

Some would tell their family members but mostly would really just remain quite and its better not to tell anybody even your own family about it.

[molsewid]

A wallet seed phrase is meant for one  person, their is no need of sharing the seed to another person and is in appropriate for some to link the secret of he and her wallet to another person, your wife or son will decide to dupe your coin any time it feels like withdrawing your coins in the wallet and it is nice to keep every documents of wallet secret because trusting some body now hour days is something difficult and every body is a suspect

A person who has crypto assets and example wanted to let one of his family member know his seed phrases, his e-wallets or hard wallets I believe that must sure to a person he/she would trust his assets. What I mean is, it is not appropriate to share your seed phrases in two different people even if it is a family member because one of them would definitely would going to feel to fulfill their personal interest towards your asset. Nowadays, is hard to trust to other people or even family members but I would also choose to disclose my seed phrases to one of my close relatives which I know could handle and has a knowledge about crypto.

[KaliLinux]

Well, people are different and so is our culture, religion, etc so for me, I believe we are making the issue with Bitcoin Inheritance more complicated than it should be. People have been leaving wills of properties worth Billions of $ for families and some have gone smoothly while others with even less worth have gone south. With regards to one of the differences, I mentioned earlier, sharing of inheritance already have its formula, and as long as access to your Bitcoin is simple enough for the family to access e.g PKs/wallet seeds made available by a trusted lawyer to the inheriting family members, then that too should follow the same formula. 

[riso2015]

every good man and good woman will definitely leave a legacy, actually everyone has their own principles, and have different thoughts, there are some people who don't leave their inheritance to others, with the reason that he himself can be successful and can collect a lot of money, so he believes that his family can also earn their own income and is even more successful than himself, so he prefers to donate his wealth to the poor and orphans, to be used as a charity of worship in the future, but if I personally will definitely leave some of my inheritance for my own family , and some of it I donate to people in need..

[blockman]

A way could be found to do this. Crypto is nowadays most people’s asset as it is easy to buy and track. No stress about any documentation like in case of properties and other assets. But there have not been much talks of people leaving behind crypto for their dear ones. Maybe it is newer but it does hold a lot of potential and would be perfect as inheritance.

It's a perfect inheritance when the right time comes. The value for sure has grown up and the inheritor will surely be happy with what you've left.
About paper works, you're right. Cryptos doesn't have that paper works for someone to inherit it. You just give your private keys or any log-in details if you're that type leaving your assets into exchanges and online wallets.

[Mahanton]

A way could be found to do this. Crypto is nowadays most people’s asset as it is easy to buy and track. No stress about any documentation like in case of properties and other assets. But there have not been much talks of people leaving behind crypto for their dear ones. Maybe it is newer but it does hold a lot of potential and would be perfect as inheritance.

It's a perfect inheritance when the right time comes. The value for sure has grown up and the inheritor will surely be happy with what you've left.
About paper works, you're right. Cryptos doesn't have that paper works for someone to inherit it. You just give your private keys or any log-in details if you're that type leaving your assets into exchanges and online wallets.

But not all would really be that confident on doing so while they are still alive thats why preparing up on something talks about inheritance would a bit kind of stressful into someone who is trying to earn it up
and as a family man then you would really be having those kind of hesitances because you cant be sure if they wont be accessing those wallets while you do earn it up.This is why even myself wont really
be tending to share it up directly but instead it would be put up on a will plus having those instructions on how to access it which is far more better with this kind of option.
So its up to you whether you could dive in or dive out.

[bekti3]

But not all would really be that confident on doing so while they are still alive thats why preparing up on something talks about inheritance would a bit kind of stressful into someone who is trying to earn it up
and as a family man then you would really be having those kind of hesitances because you cant be sure if they wont be accessing those wallets while you do earn it up.This is why even myself wont really
be tending to share it up directly but instead it would be put up on a will plus having those instructions on how to access it which is far more better with this kind of option.
So its up to you whether you could dive in or dive out.

That's true, and I'm one of those people who can't do that because it's really against my conscience because it's directly related to access to the assets I currently have.
because indeed things like this are quite sensitive, especially dealing with wealth because even my family has doubts about loyalty when it comes to wealth.
Preparing is good enough but on the other hand it is like a rolling wild ball because there will always be an impact when the ball is bounced

[DoublerHunter]

But not all would really be that confident on doing so while they are still alive thats why preparing up on something talks about inheritance would a bit kind of stressful into someone who is trying to earn it up
and as a family man then you would really be having those kind of hesitances because you cant be sure if they wont be accessing those wallets while you do earn it up.This is why even myself wont really
be tending to share it up directly but instead it would be put up on a will plus having those instructions on how to access it which is far more better with this kind of option.
So its up to you whether you could dive in or dive out.

That's true, and I'm one of those people who can't do that because it's really against my conscience because it's directly related to access to the assets I currently have.
because indeed things like this are quite sensitive, especially dealing with wealth because even my family has doubts about loyalty when it comes to wealth.
Preparing is good enough but on the other hand it is like a rolling wild ball because there will always be an impact when the ball is bounced

^ When you are planning all this stuff it would be better if you will hire a lawyer, yeah that is, a good lawyer that could entrust your wealth to be inherited by your family. When we are talking about our wealth when we are passed away, there should be a proper allocation to the inheritance because it will probably cause trouble to them when someone makes an advantage to each other just because of the greediness. Just to make sure that you have an honest lawyer and your family is fine.

[Mpamaegbu]

Currently that am still alive I don't really trust anybody so I don't really allow anybody to know my seed phrase or private key, because if anybody have access to your private key then your funds are no longer safe, but I believe I will be dieing one day and if nobody have access to my wallet all my funds are gone so I make sure I secure all my private key to different wallets in my diary so that if I die and they want to share my property if they check my diary they will definitely see my private keys there then they can sell off and distribute the money.

Despite how horrible and inhumane the world has become in this generation, I still believe there are a few good men. And trusted ones too. Leaving your diary to chances that someone may randomly get access to it after your demise and then harvest your hidden treasure is a wild goose chase. That someone may see it but may not make out head or tail from it if they aren't crypto inclined. To them, it may look like a set of jargons. I know it's difficult to trust someone this day but that will be half solved if one has a spouse. Take the shot. After all, if you can trust someone with your life by allowing them cook your meal; it shouldn't be a big deal trusting them with a set of words.

[blackened515]

There are some family member that you can't give your private keys, because they won't be able to make good use of the money. The most important aspect is giving your private keys to someone who will manage and secure your funds if you are no more. It must not always be family member, you can also give your inheritance to your good friend. Although, Is really a good decision to leave behind inheritance to your family. But, when it comes to reviewing your private keys to a person, it should be someone you can probably trust.

[Alisha-k]

There are some family member that you can't give your private keys, because they won't be able to make good use of the money. The most important aspect is giving your private keys to someone who will manage and secure your funds if you are no more. It must not always be family member, you can also give your inheritance to your good friend. Although, Is really a good decision to leave behind inheritance to your family. But, when it comes to reviewing your private keys to a person, it should be someone you can probably trust.

I agree with you, family is a very essential part of us but if they're going to sqander all you've laboured for, I'll agree that you give it to that friend you can trust with your money only that you have to leave instructions on how the money should be shared with your family members, it'll be wickedness to black them out totally, so carry them along and let them have a share in your inheritance.

[CDC AP]

I don't even think that most of the people will do this and share their passwords and wallets phrases etc with anyone whether with their family members and with anyone and one more thing their is no guarantee of life with any one because no one know about his life. So, i don't think most of the people will share.

[bekti3]

But not all would really be that confident on doing so while they are still alive thats why preparing up on something talks about inheritance would a bit kind of stressful into someone who is trying to earn it up
and as a family man then you would really be having those kind of hesitances because you cant be sure if they wont be accessing those wallets while you do earn it up.This is why even myself wont really
be tending to share it up directly but instead it would be put up on a will plus having those instructions on how to access it which is far more better with this kind of option.
So its up to you whether you could dive in or dive out.

That's true, and I'm one of those people who can't do that because it's really against my conscience because it's directly related to access to the assets I currently have.
because indeed things like this are quite sensitive, especially dealing with wealth because even my family has doubts about loyalty when it comes to wealth.
Preparing is good enough but on the other hand it is like a rolling wild ball because there will always be an impact when the ball is bounced

^ When you are planning all this stuff it would be better if you will hire a lawyer, yeah that is, a good lawyer that could entrust your wealth to be inherited by your family. When we are talking about our wealth when we are passed away, there should be a proper allocation to the inheritance because it will probably cause trouble to them when someone makes an advantage to each other just because of the greediness. Just to make sure that you have an honest lawyer and your family is fine.

maybe this is a wise thing, but back to the initial point, we must be selective in choosing because this is something very important for the continuity of the allocation that we must determine.
but on the other hand this must also be considered early on even though it is not too urgent but we never know what will happen to our age later.
The lawyers chosen must also be seen properly because it is their fault that they are outsiders who will be dangerous too.

[Slow death]

this issue is very serious and lacks a lot of trust and good strategy, for example there are wives or husbands who are not legally married and in this scenario the assets cannot belong to the person who remains alive unless the court determines, there is also the issue of testament that the person can make but if in the country bitcoin is not recognized and also the person is not married, things get complicated

[LUCKMCFLY]

There are some family member that you can't give your private keys, because they won't be able to make good use of the money. The most important aspect is giving your private keys to someone who will manage and secure your funds if you are no more. It must not always be family member, you can also give your inheritance to your good friend. Although, Is really a good decision to leave behind inheritance to your family. But, when it comes to reviewing your private keys to a person, it should be someone you can probably trust.

Well, I think that depends on the criteria of the person, in some cases the family can become someone's worst enemy and whoever counts most in life can be a friend, but by nature the person always looks for the members of the family. his family so that he can enjoy and leave the things for which I work (It is preferable to leave things to them than to the government) in this case, death is something natural through which we all must go, and you always have to start that in this world we must do good things until after we die, because every day things get more difficult, and if there is fortune, BTC or whatever, it is good to leave something to people with their respective private keys.

[lienfaye]

A way could be found to do this. Crypto is nowadays most people’s asset as it is easy to buy and track. No stress about any documentation like in case of properties and other assets. But there have not been much talks of people leaving behind crypto for their dear ones. Maybe it is newer but it does hold a lot of potential and would be perfect as inheritance.

It's a perfect inheritance when the right time comes. The value for sure has grown up and the inheritor will surely be happy with what you've left.
About paper works, you're right. Cryptos doesn't have that paper works for someone to inherit it. You just give your private keys or any log-in details if you're that type leaving your assets into exchanges and online wallets.

But not all would really be that confident on doing so while they are still alive thats why preparing up on something talks about inheritance would a bit kind of stressful into someone who is trying to earn it up
and as a family man then you would really be having those kind of hesitances because you cant be sure if they wont be accessing those wallets while you do earn it up.This is why even myself wont really
be tending to share it up directly but instead it would be put up on a will plus having those instructions on how to access it which is far more better with this kind of option.
So its up to you whether you could dive in or dive out.

Well sometimes I have that realization too. What if this person that I entrust with my seeds are accessing my money while im still alive and striving to earn? I think its quite normal to have these thoughts. Thats why its a must to think deeply on whom you want to passed on your keys so incase something happened all our hardwork wont be put in vain. The welfare of my kids are my priority so im making sure they're the ones who will benefited for my Bitcoin and other assets.

[btc78]

this issue is very serious and lacks a lot of trust and good strategy, for example there are wives or husbands who are not legally married

But you cannot call a Husband or Wife if they are not married so i think that is another argument mate.

and in this scenario the assets cannot belong to the person who remains alive unless the court determines,

actually why need to go that far when if we are really willing to allot our funds in our related people we can just simply give them our phrase or keys and then things will be determined by them.

there is also the issue of testament that the person can make but if in the country bitcoin is not recognized and also the person is not married, things get complicated

so never let it as Inheritance instead give it directly .

[OrangeII]

even as a crypto user, I want to pass a physical inheritance on to my children, because that's better. however, in matters of knowledge, I may teach them useful knowledge. well, if I teach them about crypto, they can learn it. it also includes non-physical inheritance. it's better, because they can make their own money, rather than giving them directly without knowing or understanding about crypto. Well, that's what I've been thinking all along.

[Ebede]

even as a crypto user, I want to pass a physical inheritance on to my children, because that's better. however, in matters of knowledge, I may teach them useful knowledge. well, if I teach them about crypto, they can learn it. it also includes non-physical inheritance. it's better, because they can make their own money, rather than giving them directly without knowing or understanding about crypto. Well, that's what I've been thinking all along.

Do you know that bitcoin is good inheritance, do you also know that Gold is good inheritance, do you also know that crude is also a good inheritance, because all these listed is assets, giving and living these to your children or siblings is good, but you have to teach as you discuss my brother, to teach you children the way of bitcoin is better so that they will not depart with it in time

[habebe]

that depends on the circumstances because even though he is your relative, it has become a different habit even though he is a good person because there is no inheritance if a treasure is left, so whatever you hold now if you have a  huge amount left to your family it's not too late everything needed to be arranged, if you have a big bitcoin hold you will leave just in case you have to split that before you pass away because for me I don't believe in an inheritance and nothing is impossible in a  good person ....

[Peanutswar]

Actually giving a bitcoin is an ideal inheritance for the family but again its better to introduce to them how it works and how it possible transfers into an asset because of course its too hard to leave them some money or bitcoin but they don't know how to use it its quite hard if they need to seek help for others might lose the bitcoin foremost if this has a large amount. Make a guide them for a mean time so they keep aware.

[LUCKMCFLY]

even as a crypto user, I want to pass a physical inheritance on to my children, because that's better. however, in matters of knowledge, I may teach them useful knowledge. well, if I teach them about crypto, they can learn it. it also includes non-physical inheritance. it's better, because they can make their own money, rather than giving them directly without knowing or understanding about crypto. Well, that's what I've been thinking all along.

Do you know that bitcoin is good inheritance, do you also know that Gold is good inheritance, do you also know that crude is also a good inheritance, because all these listed is assets, giving and living these to your children or siblings is good, but you have to teach as you discuss my brother, to teach you children the way of bitcoin is better so that they will not depart with it in time

I think that everything that has to do with knowledge can become money if you know how to take advantage of it, knowledge will always open doors of all kinds to success, if there is an inheritance either in gold, real estate, and / or BTC it is something that should be taken advantage of by the children, I am one of those who think that as a parent you should give everything for your children, so that they always have quality of life and do not bear the sufferings that some of us have gone through, it is like wanting to transfer experience + knowledge to them, it is It is something natural to always take care of our children, however whatever is done for our children that is good, one will always have full satisfaction guaranteed.