A good man/woman leaves an 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.