A good man/woman leaves an inheritance

[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.