This thought have been bothering me for a while and I feel we can discuss it here. Many people that are building their Bitcoin portfolio are doing it to also save for the coming generation. However, how this wealth will be transferred to the heirs and the next generation and how this wealth will be preserved without being lost or causing problems still remain unclear.
I understand for other tangible assets, a
WILL can be written to be revealed when the time is right. But for Bitcoin, I don't know how this can be done as it may require revealing the secrete codes of the wallets or storage device. Is there any other way this can be done?
My thought was captured in my comment in
this thread but I felt to raise a topic for most discussion. In case this topic have been discussed, I will be glad to be pointed to the thread.
This is a very technical question one has to solve, before it gets too late by lost of Bitcoin after death without transfer the wealth to hair, which has been a Big lost in the family. That's why one need to prepare his or her documents well before the time, which no one knows when death going to knock at door, but a simple to saved private key or password and email used on hardware, and keep save and write and label the next generation names on it, both soft and hard copy in area saved. While let your wife know little about it on good times discussion. That's we helped not to lose everything.