Yes, they will have access to the wallets if something happens me. There is a
trust element to owning Bitcoin, you have the choice of either trusting your family
or gifting the Bitcoin community with an inaccessible wallet by not sharing the
access codes / seed phrase.

Well that’s the down side to security isn’t it now?
When security and privacy is the means to securing your hodlings from any authorized access, you’ll be damned right your family wouldn’t have access as well. Should some ill fate find you at any point without having any plans in place on how your keys could be passed on, your coin isn’t completely wasted for sure.

All lost keys which translates to lost coins always have a final function of increasing the many lost coins out there which makes the Bitcoin in circulation to be more rare and scares.

This is something that is often not discussed much about because of what privacy entails when it comes to cryptocurrencies, this is not being brought up most times. The security of your asset is important but not as important as losing everything to an emergency of death of the owner and the family can’t access and spend the money forever. It is very disheartening especially when you have a family that will really depend on that money to survive. We know our family more than anyone does, we can always have a way for them to access our wallet and also our behind some kind of clue to access how to get the seedphrase to access the wallet. There is no use the money you’ve saved for years remains dormant forever when you’re no more and your loved ones never gets to spend them.

I am also worried about this because I have read here several times that we shouldn't discuss our seed phrase or private key with anyone, while some people opposed it, and I also come to think of it because as a Bitcoin holder, what is the essence of leaving your wealth behind if your loved ones can't access it, especially when they know you are investing in Bitcoin? That doesn't make sense, in my opinion.

At least one trusted family member should have a secure record of your Bitcoin wallet's private key or seed phrases either your spouse or parents. If they don't know anything about it, you can teach them about the basics of Bitcoin, wallet, and security best practices, and you can watch them handle small amounts of Bitcoin to make sure they understand the procedure before the worst could happen.

If this reason is excessive fear from the investment efforts undertaken in Bitcoin then what is the difference between people who store money in the bank but no heir knows it. Yes, maybe the bank will contact the heirs and try to provide an explanation so that they can withdraw the money in a certain way. Then what if you have a number of real estate and shophouses but the disaster makes everything disappear without a trace due to a disaster. Everything has a risk but you can minimize these risks in a far more relevant way and I am sure you understand the meaning.

To restore the wallet, it takes a seed phrase and maybe his wife needs to find it first. In a further capacity you may be able to measure a number of bitcoin that cannot be recovered for reasons of death and it is entirely the mistake of the holder because it is too closed and does not have someone who is trusted.

It’s never a problem if you end up dead. In fact, you might have no knowledge of ever owning Bitcoin but, it will sure serve its use some place else and that is; it would add to the uncirculated Bitcoin out there, making Bitcoin the more scares and valued by those who own and have access to them.

If your unfortunate event isn’t death but some temporal disability that renders your body and ability to function impossible with your Bitcoin hodlings being a source of funds to your revival, then we could have a problem but, family and friends out to know how to find a way and resolve all that later when you regain consciousness.

Many people lose all of their cryptocurrency in the event of an unexpected death or other calamity.  They keep it in a secure location where they will be the only ones with access to the private keys because not everyone gives their private keys or the seed phrase to their family members or brothers. This way, if someone passes away unexpectedly, they can be sure they have assets in the cryptocurrency talk less of know how they can access to the wallet.

Because it's not like a bank account that the next of kin could go and claim against the family, it's also crucial for someone to share their crypto information with the people they trust or with their family so that, in the event of an emergency, they won't lose everything they've so far.

Trust issues is why we have Bitcoin so we don't have to trust people around us but if I don't die in an accident, I don't think I will face any tragedy that will make my family members not to have access to my wallet and the rest. I used software wallet and I have a paper wallet but I don't use it, it's software that I used most of the time. If there is need that I may not see the next day, I will do the needful and give it to my parents, atleats they have basic ideas about Bitcoin and crypto coins.

But if nothing happens to me, I don't see the need to give my secret phrase or access to my wallet to anyone. I know I don't own this life but at the same time, I don't sleep and think I will not see tomorrow, biologically I do have that believe that I must see the next day so far I never sleep on sickness even if the life we live is unpredictable. Though, tell somethings to your adult children when they reach the age to know about your asset, your children are the reason why you are struggling in this life, they are the best to know but don't give them access until you know the right moment.

If you are that holding some significant amount of coins and trying out to accumulate as much as you could, then it would be just that ideal that you should be setting out some back ups on how those coins would be that be accessed at the time that you would passed away. The only reason on why people or someone do fail on doing so just because of these things:

1. Totally forgot
2. They cant just that trust up the family members and thinking that it could possibly accessed and get those funds stolen.
3. They do just believed that they wouldnt die anytime soon.  

It would be that a careless of you if you do have that kind of mindset in regarding about into your coins. Come to think that we do everything for the sake of our family and it would be that a total
waste of money or with those coins if you forgot on trying out to set those back ups. We do know that life isnt that guaranteed on which we can die on the next minute, day or weeks or months. No one really knows
and it is just that right that you should be setting out those back ups and dont let those coins comes to waste or no one would benefit it out. Just like been said that we are all that doing this for the sake of our own family and dont think off about those kind of losing up some trust or what. Its important that you do at least do tell them on how to access those coins once you do pass away.

It becomes a problem if you do not tell your closest family how to access your wallet. The effort to store Bitcoin for a long time will be in vain without being enjoyed by our heirs. It is actually not difficult to explain that we have assets stored in a wallet. How to access it can be told to the most trusted family members, but the key is still stored. We can tell the location of the key to access the wallet stored in a certain place.

No matter how much assets a person has, it is worthless if he cannot pass it on to his heirs before his death. There are many who may have given their wallet keys to someone, but I think it is important to ensure that they are not only given the keys but also given the necessary education in using Bitcoin. People can die at any time, but if these tasks are not completed in advance, any accident can happen. So an investor should first complete these tasks while holding Bitcoin, otherwise the person may lose his wealth forever.

Yeah, this is a real concern. We lock things down for security, but forget life’s unpredictable. Without a plan, all that crypto could be lost forever.

People are very difficult to understand, and it is becoming more difficult to trust people even those close to you. Some people are quite wicked. You may trust someone and share details about yourself with them, like access to your bitcoin wallet, but that won't stop them from betraying you. When some people find out that you own Bitcoin, they may get jealous or wish you bad things. That is the truth of the world we live in today, not everyone who smiles at you wants the best for you.

However, when it comes to family members, like a brother who also owns Bitcoin, I don't see anything wrong with both of you having access to each other wallet as long as you trust and understand each other. And if one of you is married, like the example you gave, I believe it is not a bad idea to tell your wife about it, especially if your marriage is built on trust. So that someone can have access to it when you are gone. It's normal to trust people but we still need to be careful and protect ourselves.

This aspect of Bitcoin must be clear to everyone who has adequate number of Bitcoins because once you cease to exist no one can access them if you haven't passed necessary material to your next of Kin. Life is unexpected and we daily see people even with goof health died because of different reasons.

Thanks to continuous reminder on this forum, I have passed details of my Bitcoin to my family that in case I am no more my Bitcoin's can be used by my family and all my hard work won't go in waste. Everyone here must do that immediately without wasting any further time.

Anyone that dies without giving control of the wallet that they're hodling their Bitcoin in to their heirs are doing the network some good because they're making the scarcity of Bitcoin to increase and this is adding to the value of Bitcoin. The more Bitcoin that gets lost, the more we get more demand than supply in the market. For those that are wise and have looked for ways to pass down their Bitcoin to their heirs, they're still positive impact to the industry because they're helping in the continuation of Bitcoin adoption. For those that don't have a strategy in place for when a tragic like death happens, there are multi signature wallets that need two more keys to open the wallet. This type of wallet can be used as an inheritance for when you die.

What you just raised is a very serious issue and I have been thinking about the same thing. Trust is one of the major problem we have in the world today, there has been series of trust issue where some people that use the opportunity that someone entrust their asset to them to exploit the person. Although irrespective of the trust issue there are still reliable people to be trusted and there is need to entrust your asset to someone should Incase anything happen to you.

As important as this is, I am not going to stress myself too much over something I have no control over. Investing in Bitcoin is already a risk in all aspects. If I disclose everything about my assets to third parties, I stand the risk of losing them if those I disclose them to are not trustworthy. Even if I decide not to disclose them to anyone, I still stand the chance of losing them if anything happens to me and I am the only one who can access my bitcoins.

My partner knows I own bitcoins, although  can't access them for now. I will disclose my private keys when I feel the time is right. But for now, I won't stress much about it.

if anything happens to you without you given access of your private key to your spouse or most trusted one, then definitely all your crypto asset is trapped forever in that wallet. except the key to that wallet is recovered.

it has been said repeatedly that we should try as much  as possible to shear our seed to at least one person who can have access to our wallet, so should incase there is an emergency that requires Deeping into that investment that person will serve as a third party. we can not completely stay mute without revealing our seed to someone

even with a reality as this, there is another side to this that when you consider it, it makes you think twice about letting anyone know your seed phrase. people can be really selfish including your partner and letting them know your seed phrase can even lead to them planning your death. of cause, no one ever believes that they might just die any day and that there is a need to make preparation for such uncertainty that is bound to happen as long as life is concerned but then, doing certain thing could easily send you to your early grave.

for the married that have children, that are matured and that they can trust, it is better to confide in them with at least some information regarding an aspect of your holding while you leave the risk only to your knowledge. exposing all the asset you are holding to your family just because you care about how they might fair after you have died will bring a sense of entitlement which will make them try to spend all the money out even while you are still alive. the highest i can do is to divide my holding into two portion, let them know of a part while i keep the rest only to myself.

When we carefully have a thought on these unprepared but inevitable events that are beyond our control it becomes a necessity to grant knowledge to a single family member, someone we can trust about certain important security details to our asset. It's just a risk we have to unavoidably take in avoidance of the risk of losing our assets forever in the case of sudden death or anything as close to death.