I have spoken on this subject in the past but it feels more real than it ever has since my dad just had a major brain stroke on Friday. I can see my mom is very unsure of how to manage the financials and it’s a very tricky spot to navigate with my dad only being able to spit out a few words at a time, I am hopeful for a full recovery. My dad is getting better by the day which is good but it’s a long road to recovery. My family can tell that he is worried about his assets and he has made attempts to tell my mother and brothers what to do, we believe he was trading all his coins into a volatile crypto right now and want to help him stabilize that. I have my flight booked and I’ll be there in a few days to help with everything but now more so than ever if you haven’t taken the time to fill in your significant other or trusted family member what to do in the event of something like this happening then you need to make sure that is in place not only for all your crypto assets but physical and anything you can pass on. We are not promised tomorrow, I am thankful my dad is alright. I believe he will recover. If you can please send prayers for him and my family 🙏
Make sure you have a plan in place so your loved ones are set up for success and never be in this type of situation.
The Lord is your father's strength, I pray he gets better in no time.
If you don't want to be bothered about your father taking risks on risky assets then help him convert the coins back to Bitcoin, unless you are very good just like your father when it comes to handling risky assets, I think you should be though because you are not a newbie on this forum.
I don't have to worry about what will happen to my crypto asset if something unexpected happens, my other half knows what to do and we have discussed this so many times already, I know how serious it is when it comes to life-threatening situations, we are not promised tomorrow like you said so we must always be prepared for any possibility.
I am very sure that many people choose crypto investment because of its hidden nature, where I come from there are many family feuds and trust issues everywhere, some people won't even dare to leave valuable things in the reach of their families, having valuable crypto is like knowing you are worth millions without anyone knowing.