Secure Your Legacy, Educate Your Loved Ones

[Gallar]

~Snip
It will be painful if a bitcoin holder die after accumulating 1, 2, 10, 15 or any amount of bitcoins dies and his family can't have access to his bitcoin because he didn't teach or educate them about it. They would have missed out on the potential for financial security and prosperity that Bitcoin offers.

It's true, we must apply this to ourselves and our families as bitcoin investors. Because don't let the bitcoin assets that we have collected over the years become meaningless. Therefore, this is where openness in a family must continue to be implemented. Because for example, there could be a wife who doesn't know that her husband has investment assets in the form of bitcoin. Or sometimes the wife knows, but doesn't really care, because the most important thing is that her husband always provides her with a decent and sufficient living. So she (wife) doesn't really care about her husband's overall income.

So basically in a family there shouldn't be any secrets, including regarding bitcoin assets. Because basically husbands and wives (in particular) must be open to each other. Whether it's about the past, background or about wealth, assets and income. Because if it's not like that, I'm afraid something like this could happen. So when you have a family, don't ever have bad thoughts such as lying and not being open.

So in essence, providing teaching or knowledge about Bitcoin to your wife and children is very important. Because after all, all bitcoin assets that, for example, are owned by the head of the family (father), will most likely one day be inherited by his children and wife. So at least equip wife and children with knowledge about Bitcoin, just basic knowledge. Such as about personal wallets and about crypto exchanges. In my personal opinion, that is more than enough. But don't forget to tell family bitcoin wallet code or phrase, so that when an emergency occurs, all bitcoin assets will remain safe and usable.

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[Lorence.xD]

If we are not told or taught by our loved ones in life, the crypto assets we accumulate in this business industry will really go to nothing, so as long as there is time and opportunity, let's really think about who we can trust dearly in life and also make a will of testament regarding this matter.

And everything in the will of testament should also be detailed. There are all the instructions on how to release all the assets that you have set aside so that they can be transferred correctly to the currency of the country where you are located.

Well that's true that it should be passed down to our loved ones since we still have time in the earth. But in my case, I rather teach the people I love that are really willing to learn. Some might say he might do something about the funds but he literally deserved it as he exert effort to learn and study the knowledge you want to give to them. Though this is only my case and it really depends on the situation in the family, but normally you'll really have to choose the person you'll entrusted your funds so it wouldn't be wasted like straight to gambling.

[Blitzboy]

~Snip
It will be painful if a bitcoin holder die after accumulating 1, 2, 10, 15 or any amount of bitcoins dies and his family can't have access to his bitcoin because he didn't teach or educate them about it. They would have missed out on the potential for financial security and prosperity that Bitcoin offers.

It's true, we must apply this to ourselves and our families as bitcoin investors. Because don't let the bitcoin assets that we have collected over the years become meaningless. Therefore, this is where openness in a family must continue to be implemented. Because for example, there could be a wife who doesn't know that her husband has investment assets in the form of bitcoin. Or sometimes the wife knows, but doesn't really care, because the most important thing is that her husband always provides her with a decent and sufficient living. So she (wife) doesn't really care about her husband's overall income.

So basically in a family there shouldn't be any secrets, including regarding bitcoin assets. Because basically husbands and wives (in particular) must be open to each other. Whether it's about the past, background or about wealth, assets and income. Because if it's not like that, I'm afraid something like this could happen. So when you have a family, don't ever have bad thoughts such as lying and not being open.

So in essence, providing teaching or knowledge about Bitcoin to your wife and children is very important. Because after all, all bitcoin assets that, for example, are owned by the head of the family (father), will most likely one day be inherited by his children and wife. So at least equip wife and children with knowledge about Bitcoin, just basic knowledge. Such as about personal wallets and about crypto exchanges. In my personal opinion, that is more than enough. But don't forget to tell family bitcoin wallet code or phrase, so that when an emergency occurs, all bitcoin assets will remain safe and usable.

Financial honesty, especially within a family, is essential. It's only fair that your family supports Bitcoin if you do. Imagine if they're surprised and don't know about all your bitcoins! The investing oversight is also a family oversight.

Say the family patriarch is into Bitcoin and has told their spouse and kids. Great! What if they're overloaded by wallet addresses, passcodes, exchange dynamics, etc.? Bitcoin can appear like a foreign language to beginners. Not everyone is tech-savvy. Paradoxical, right? Tell them, but how much is too much?

Education matters regardless. Let's not plunge them in. My friend, baby steps. Always have backups. Passwords and wallet codes are crucial. Make things simple for them. Because if your family can't access Bitcoin, it's useless.

[CarnagexD]

That is where I am currently struggling. I have been trying to teach my family about crypto. I am holding my crypto assets in a ledger. Still, no one is able to handle my device in case I pass away. It's really a concerning matter for me. Also, it's hard to trust anyone outside of my family with such funds. I hope I can teach someone about my holdings before I pass away. Because if my family can't access my funds, they have to suffer. I know everyone thinks about privacy and trust. But in our lives, we have to trust someone; otherwise, we can't live. So yes, it's very important to teach a family member about our holdings.

Most people here would say that you would just need to educate at least one of your family member but I assume that is difficult for you too. It may be true that we cannot bring our fortunes on the grave but we can help other people with while we are living, family or not. Sometimes, those that are beyond our bloodlines believe in us more, right?
You also have to consider your family's feelings too. Are they interest in crypto? are they willing to learn? Because if not, there'll be no sense of pushing it. If they've seen you work on it and get rich thru it but they still don't feel the need to learn, then maybe you should ask someone else. Go ask your family straightforward about it. It may also sound dumb but you can choose to liquidate cryptos as you age if you find no one who will continue holding it for you. What's the sense of having if your family won't benefit from it right? Try to stop worrying about things you can't control.