Post
Topic
Board Bitcoin Discussion
Re: What Happens to Our Bitcoin and Other Assets If We Die?
by
EarnOnVictor
on 17/10/2022, 18:32:14 UTC
Hello guys just don't get me wrong. As we all know that one day we have to die. So for this I was wondering that if we have at east 1 million dollars in cryptocurrency or just couple of buck like me  Grin and nobody in our family and also friends do not know anything than what should be the possibility.
I think that's the reason still there are millions of BTC that are still missing cause of lost key or dead Bitcoin holders too.
I think we should at least make backup  file and should transfer in Bank Safe so that when they receive than they know how to retrieve it.
As it is in regular banking, it's supposed to be in crypto, we should document all that we have. Many have a high number of BTC wallowing in some wallets right now after death because they are not wise and too secretive. No one is too young to write their will, anything can happen at any time. As we hope for long life, we can plan an independent sharing with a lawyer, bank and immediate family member (wife/husband, children or others). You might share the wallet with your lawyer, and keep the password in the bank, while the seed phrase is with your wife/husband or children.

This arrangement could also be interchanged as the owner wants.