What happens to your crypto if something happens to you?

[Bobrox]

This question is something you can ask yourself and still get the answers without people telling you, now ask yourself
What happens to your fiat currency in the bank if something happens to you? And If you have answers to it, apply that method to your crypto only that for crypto it requires your private keys to gain access, whereas fiat is centralised system and it's control by the bank you have an account with.

Technically, cryptocurrencies and fiat currencies have different systems. Fiat currencies, with their centralized system, allow you to transfer money to the account of a spouse or someone you authorize with authorization from the bank. On the other hand, cryptocurrencies cannot be authorized by any party, so if you lose your private key, you have no one to turn to for help. So, I think the "if something happens to you" situation with fiat currencies doesn't apply to cryptocurrencies. Therefore, there are many debates here, such as whether to share your private key with your wife or close friend. Whoever holds the private key has full control over your crypto assets. This is different from money in a bank, where even if your wife knows your bank account password, you can change it at any time.

Difference way about fiat and cryptocurrency after the owner have pass away, for fiat saving in the bank easily moving by the family to cash out from the babk just needed fill any documentation needed but this cannot apply to crypto assets. If not sharing seed phrase to any one else no one can't sent your cryptocurrency assets and will be holding forever. For fiat not really needed password when your money saving in the bank and easily process for moving to other bank account name.
Sharing to the other who most trusted could be friend or family about seed phrase really important if holding cryptocurrency assets, however keep believing who have to share seed phrase to avoid your cryptocurrency fund keep secure.

[Inwestour]

That said you also need to think about something easier to understand, because it would be a shame if, after you're gone, your wife didn't know how to access Bitcoin to sell it. I once said to a trusted friend, "When I'm gone, help my wife sell all my Bitcoin assets. I've written down everything I need to access those assets somewhere." I don't know if this is a good decision, but at least it gives her an alternative after I'm gone. Death is unpredictable, and we must be prepared to ensure our assets don't die with us. While most people might not trust their wives or friends, I find this preferable to losing assets due to my wife's inability to access my wallet.

I think that in this case you must trust your friend very much, because when it comes to money, the most unexpected surprises are possible even from the most reliable people. If you trust your friend to help your wife sell bitcoin and only your wife knows where you keep the seed phrase, then I fully assume that after you are gone and your wife gives the seed phrase to your friend, he will be able to do anything he wants with your bitcoin, and your wife will not be able to stop it. If you want to leave everything to your wife, then just teach her how to handle bitcoin properly.