Upon the death of a bitcoin user.

[Nothingtodo]

Everyone has to die. No one can live forever on this earth. But those of us who will leave the property must give it to our relatives such as mother, father, brother, sister, wife and children who are close relatives. Exactly the same will be the case with Bitcoin. Before death, of course we will transfer our Bitcoin wallet left behind to our next of kin and they can use the Bitcoin left behind after my death.

[Razmirraz]

Something that is considered confidential does not mean we cannot share the Seed Phrase with the people we trust most, this decision needs to be made so that family members can enjoy the wealth you have accumulated so far. There are many ways you can do so that your assets are not frozen forever in your wallet. Before a scary incident happens, you must first entrust someone to be your heir when something bad happens to you. If your goal is to collect money to make your family happy, then never think of them as strangers who cannot enjoy the wealth you have accumulated while you are still alive.

[batang_bitcoin]

Entrust it to someone whom you love and whom you trust. You know if realizing that we're all just passersby in this world and nothing is permanent, you've got to enjoy your money before unforeseen events happen. Set some price targets when you're going to sell and do the things that you love. In case that you're foreseeing that your day is about to pass and you'll leave this world, leave it as an inheritance so that your family and kids will enjoy your hardwork.

that is also my point in the first place , because if there are someone that has the rights to
benefits from our funds those are our family.

Yeah, if you don't trust your family then you probably have good friends that you want to prosper too but this is a rare situation.

Entrust it to someone whom you love and whom you trust. You know if realizing that we're all just passersby in this world and nothing is permanent, you've got to enjoy your money before unforeseen events happen. Set some price targets when you're going to sell and do the things that you love. In case that you're foreseeing that your day is about to pass and you'll leave this world, leave it as an inheritance so that your family and kids will enjoy your hardwork.

When we have invested in Bitcoin, of course we have to tell the people closest to us or our partners about the investment we are making, because we never know the life we live and when death will happen to us and enjoy the results of what we invest. of course this is very important after we try hard to collect Bitcoin if we stop ourselves and don't enjoy the results of the hard work we have done of course this is very stupid, yes we must be able to set a target price if we want to sell some of the assets we have have and when the target is achieved then we will be able to enjoy the results of the hard work we have done.

When we make the assets we own as an inheritance to the family, we must be able to give them knowledge about Bitcoin so that they can use these assets and it would be even better if they could continue the investment that we have carried out previously, of course this will be very beneficial for them in the future.

Teaching them will take time and those that will want to learn is because they are truly interested. But when you have just told them that they want to learn because you've got inheritance to leave, you make some conditions on your own and that's a case that you would handle depending on how they treated you.

[darkangel11]

Making sure your coins are accessible after death isn't that difficult, but you'll need to trust someone. If you don't trust anyone, maybe it's better to, as they say, donate to the community by making sure the coins are lost after your death and subsequently decreasing the number of coins in circulation. We will all indirectly benefit from it.
How to make coins accessible? For instance if you have 3 children, you can give each of them a part of your seed phrase. They will have to get together to redeem the money and if one of them dies before you, you'll simply divide that dead child's seed into parts and give each to your remaining children. You can also leave a part of it to a lawyer that you trust and kids will have to get in touch with him and do everything legally after your death.

[kawetsriyanto]

Something that is considered confidential does not mean we cannot share the Seed Phrase with the people we trust most, this decision needs to be made so that family members can enjoy the wealth you have accumulated so far. There are many ways you can do so that your assets are not frozen forever in your wallet. Before a scary incident happens, you must first entrust someone to be your heir when something bad happens to you. If your goal is to collect money to make your family happy, then never think of them as strangers who cannot enjoy the wealth you have accumulated while you are still alive.

Indeed. When we have assets, we need to let our closest person to know it. We don't know how long we live, the death is a must but no one knows it. That's why it is needed to share the password or the key phrase of our assets to someone. I also have done it, I shared it with my wife. Then, I also wanted to share it to my son if his age is enough to understand it.

I think our purposes are the same. We have assets to gain money for our family, specifically for the future of our kids. As it is assets, it mostly for a long term holding, including Bitcoin. It is a must to share the necessary information related to the Bitcoin assets. If no one knows it, the Bitcoin will be locked on the wallets if we die in the future.

[ChiBitCTy]

I have come to stay in this community and thought of one thing which has been bothering me.
Relating from our traditional banks where a bank customer dies and all his assets remains unclaimed by his relatives. I was once told that there was a bank manager who withdrew funds from there customer dormant accounts hopefully that the owners are dead as those account has been dormant for years without any form of activity on the account, it happens when no relative knows about the account for them to lay claims.
Similarly to bitcoin what happens in the event of my dismissal since no relative knows about my investment. It doesn't really make sense if my family can't enjoy my wealth. Will it be lost or is it good to entrust someone incase I'm no longer there?

No bank manager in any legitimate country or company will simply withdraw the funds  because someone passes away and they aren't claimed. There are procedures for this, and they will tend to simply be put in some sort of escrow account that will for a long while.  The lesson here is everyone should have a will established with clear and proper instruction dictating where all assets are to go and how to access them.

[oktana]

It doesn’t work the same with Bitcoin. With the traditional banks they have access to your money. But with bitcoin, no one has access to your funds except you. So if you died, there nothing that can be done, unless you left clues or explicitly gave your family members your private key or mnemonic phase. There have been some topics that discuss how we can prepare for such tragic events, you can check for them and see what you can learn around it.

[Vincom]

No bank manager in any legitimate country or company will simply withdraw the funds  because someone passes away and they aren't claimed. There are procedures for this, and they will tend to simply be put in some sort of escrow account that will for a long while.  The lesson here is everyone should have a will established with clear and proper instruction dictating where all assets are to go and how to access them.

In the traditional market: if there is no will, the assets of the deceased are usually divided among the beneficiaries according to the law. Banks often cooperate and support when there are sufficient certificates from the family of the deceased.

In the crypto market: I think the same can be done if crypto is considered an asset in that country. The only problem is: we cannot access crypto assets without the private key of the deceased. This will continue to be a problem that we will need to solve in the future after having a legal framework for crypto. Crypto asset management and private key management services can be created to serve the purpose of inheritance.

[yazher]

Depends on what kind of family you have, you can just simply tell them about it and entrust it when you feel like you won't gonna reach more days anymore. But if you have some kinds of families that cannot be trusted just like we witnessed on other people, then you can just make some codes and make it light they looking for treasure just to make them inherit your bitcoins because with that kind of family you have, you can't just trust them your keys. After all, the next time you find it, it's already gone and they already spent it without you even realizing it.

[Belarge]

Everyone has to die. No one can live forever on this earth. But those of us who will leave the property must give it to our relatives such as mother, father, brother, sister, wife and children who are close relatives. Exactly the same will be the case with Bitcoin. Before death, of course we will transfer our Bitcoin wallet left behind to our next of kin and they can use the Bitcoin left behind after my death.

Death have pave path for new generations, people die everyday and new ones are born into the real world. Nobody have the capacity to change this but just respect and work according to nature. Bitcoin will remained but the investors and traders will pass away, atleast that have been one of the tragic moments we hoped never come, but we're humans and nature must take place. Death is inevitable and we all know that one day, we will die and life goes on. That's a repeated actions that's circulated in the real world.

[JunaidAzizi]

There is a slight difference between Bitcoin and the money in the bank. If a person let's suppose has an account and dies and no one knows about this account then the bank utilizes his account just like you said in your post but in the case of Bitcoin if someone has a wallet that has some bitcoins and no one knows then after his death that Bitcoin will be useless for the whole life in a sense no one can approach the wallet. So if you have some bitcoins and you are worried about it then you need to find a person in your family or friends whom you can trust blindly, tell him about your investment and other things so if something happens then he can claim it on your behalf or at least he can tell your family about your bitcoins and investments.

[Outhue]

I have come to stay in this community and thought of one thing which has been bothering me.
Relating from our traditional banks where a bank customer dies and all his assets remains unclaimed by his relatives. I was once told that there was a bank manager who withdrew funds from there customer dormant accounts hopefully that the owners are dead as those account has been dormant for years without any form of activity on the account, it happens when no relative knows about the account for them to lay claims.
Similarly to bitcoin what happens in the event of my dismissal since no relative knows about my investment. It doesn't really make sense if my family can't enjoy my wealth. Will it be lost or is it good to entrust someone incase I'm no longer there?

If Bitcoin holder died and lost access to the bitcoin it favors other Bitcoin investors, the asset doesnt really go to waste, it helps the scarcity of Bitcoin but with banks its a different story.

Even if the spouse go ahead and tries to claim the money that belongs to the deceased the bank can deny them all possibilities, unless the spouse are big people in the society, they will have to hire a lawyer and spend some money doing so too.

If I had to choose I would prefer to hold Bitcoin and if I died I would either take the supply off the Bitcoin Max supply or give it to someone very close to me, I will never leave any significant amount in my bank account.

[red4slash]

Depends on what kind of family you have, you can just simply tell them about it and entrust it when you feel like you won't gonna reach more days anymore. But if you have some kinds of families that cannot be trusted just like we witnessed on other people, then you can just make some codes and make it light they looking for treasure just to make them inherit your bitcoins because with that kind of family you have, you can't just trust them your keys. After all, the next time you find it, it's already gone and they already spent it without you even realizing it.

In the end, it all depends on the family that we trust too in the end considering the current conditions, the choice is only to find who we want to trust from the family and I think from all the families we have, of course there must be some that we trust to be used as a future source so that the bitcoin we have does not die with its owner. 

It will be risky if you entrust the seed or private key to someone else even though it is family but on the other hand still something like that is the answer if you really want bitcoin to remain safe and still be maintained even though someday we are gone.

[alexforneus]

I guess that my husband know my ledger pin, so, it's up to him how to use my assets after my death. Any other form of sharing post death requires custody

[DeathAngel]

It’s certainly something to think about, you do not want your loved ones to be unable to access your Bitcoin if you die. You can use multisig with trusted people who don’t know each other. Tell your loved ones who those people are & upon your death they can contact them & then be able to access the Bitcoin. Failing that it’s pretty simple to leave private keys in a safe at your home & put the code to the safe in your will or something. There are many ways, get inventive.

[Baki202]

Making sure your coins are accessible after death isn't that difficult, but you'll need to trust someone. If you don't trust anyone, maybe it's better to, as they say, donate to the community by making sure the coins are lost after your death and subsequently decreasing the number of coins in circulation. We will all indirectly benefit from it.
How to make coins accessible? For instance if you have 3 children, you can give each of them a part of your seed phrase. They will have to get together to redeem the money and if one of them dies before you, you'll simply divide that dead child's seed into parts and give each to your remaining children. You can also leave a part of it to a lawyer that you trust and kids will have to get in touch with him and do everything legally after your death.

Most people are always uncomfortable with sharing the details of there assets with others We know there might be risk or even people asking for money if they show you the amount of money you hold in your wallet but even at that, your family members still need to be aware, because death is not something that we can avoid and when it happens and your family is not aware, then the whole asset will go to waste and even the dead will not rest. if they don't have access to it, they wont be able to donate it to the community.  sharing the seed phrase is a good idea but what is the person is not married. That will be the challenge.

There should be one trusted person that you can entrust your seed phrase to in your family, and if eventually I am married, i will rather share it with my children than with my wife because, according to the stories I have heard, some women can actually be very terrible, they might just sweep everything, thinking that the money should be for the raising of the children, She will spend the money on her life style, and who we entrust matters a lot.

[JoyMarsha]

If you tell no one about your bitcoin holding, the chances are there that it will be gone forever without any trace, the same way that people lose their money when they are not alive and they don't tell their family members about their bank savings, which is a very terrible mistake for one to think of, after having their money or Bitcoin saved for long and none of their family member will have a control of it.

To avoid such a scenario of your family not knowing where your crypto assets are kept, tell a close family member where they can get your seed phrase in case the unexpected happens since we don't know when death comes knocking at our door. It is better to be prepared on time so that our family members won't be kept in the dark about our crypto holdings.

[Zanab247]

This is the reason many people are storing their money in BTC , so that when they die, it will be easy for their Love ones to claim their BTC through all their details and it will be successful.

But if something like that happen in the bank and the bank officials is aware that the owner of the account is dead, it will be difficult for you to claim all those assets immediately if you are the Next of kins, than to force you to pass through court before the assets can be release to you.

If you know, you have never write down your seeds phrase of your wallets you store your BTC, I will advise you to do that so that your wife and children can have access to your BTC when you die, and without your seeds phrase or password on your wallets, nobody can have access to your BTC.

[Mushai]

Watched a video about this topic a few days ago:  https://www.youtube.com/watch?v=ujpsWBbPUpk

They talk with the co-founder of casa.io. The have an inheritance service https://casa.io/inheritance so that if you die your family can get access to your bitcoins.

[NewRanger]

Everyone has to die. No one can live forever on this earth. But those of us who will leave the property must give it to our relatives such as mother, father, brother, sister, wife and children who are close relatives. Exactly the same will be the case with Bitcoin. Before death, of course we will transfer our Bitcoin wallet left behind to our next of kin and they can use the Bitcoin left behind after my death.

I think this needs to be a form of responsibility and concern for the interests of our family even after we leave and I think before that comes in advance it must be planned if it is totality as well as in carrying out the investment model that we plan must be short, medium, and long term.

Maybe the options can be different too, it can be earlier or by leaving a clear note both instructions about our Bitcoin ownership and the stages of how to access it in the appropriate will or legal document so that it can be used by our children and wives to continue our family's life and livelihood after we leave, and one more thing, don't forget to share the portion of the value according to propriety to our heirs so that it is in accordance with our wishes.