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Author Topic: What happen to your wallet/token after death?  (Read 3800 times)

HeavLeighGill

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Re: What happen to your wallet/token after death?
« Reply #30 on: May 12, 2022, 07:30:05 PM »
I'm glad you mentioned this. I'm not 30 yet but I've been looking into life insurance and things lately and don't think my husband would have thought about the cryptocurrency I have. I'll have to provide him details just in case.

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Re: What happen to your wallet/token after death?
« Reply #30 on: May 12, 2022, 07:30:05 PM »


doc

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Re: What happen to your wallet/token after death?
« Reply #31 on: May 26, 2022, 12:27:23 AM »
Your private key to your wallet is very important and Should be kept so confidentially that anyone anywhere cannot just gain access to it, it should not be kept even on your system where internet can trace it into the hands of the hackers, once it could be traced, your wallet and token is unsafe.
In this condition, in the process of keeping safe from every reach, if the account owner dies and no one has Access to his or her private key, what will happen to the token in the wallet over time?

If you share your private key to your family, I think It doesn't matter.
I already did.
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Re: What happen to your wallet/token after death?
« Reply #31 on: May 26, 2022, 12:27:23 AM »
:)

cashisking86

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Re: What happen to your wallet/token after death?
« Reply #32 on: May 26, 2022, 12:10:30 PM »
I would think leave that information in a will for your next of kin to access it if you didn't want to disclose the information to them in life. Seems a sad state of affairs if that's the case but it's a waste otherwise.

Freemind

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Re: What happen to your wallet/token after death?
« Reply #33 on: June 01, 2022, 07:24:12 PM »
I would think leave that information in a will for your next of kin to access it if you didn't want to disclose the information to them in life. Seems a sad state of affairs if that's the case but it's a waste otherwise.

That is something I would never do. Leaving that information (private keys included) written can be a serious mistake, since we can never be sure if the person who keeps those files can see the information they contain. Personally, I prefer to give all available information to my family before I die, along with instructions on how to use the wallets in case I don't have time to do so before I die. Anyway there are several ways to do it, and everyone must choose the way that suits them best since it is a very personal decision.

ahtashamhero

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Re: What happen to your wallet/token after death?
« Reply #34 on: June 15, 2022, 10:47:40 AM »
well yeah it depends on who knows your wallet key
if it is known by your family then your family can acces your wallet and take the money out
if it is not then they cannot take your money out due to not having the wallet key
so you should at the very least tell your famil or friends or write your wallet key in a diary
so in case of your death they can acess your wallet
« Last Edit: June 15, 2022, 10:52:26 AM by ahtashamhero »

PersonHaterred

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Re: What happen to your wallet/token after death?
« Reply #35 on: June 20, 2022, 09:11:29 PM »
Hmmmm... Wallet haven't introduced any plan, term or policy for this like banks, because in bank's policy you must nominate someone for transferring all your assets to your nominee after your death. Maybe they will do something about it in future.

Rheology

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Re: What happen to your wallet/token after death?
« Reply #36 on: June 21, 2022, 12:15:26 PM »
Well, if no one knows about your private key then your crypto assets would stay idle forever after your death. But sharing your private key with someone is not a good practice. So we can keep the information about our crypto assets and private key for our loved ones and make sure they get access to that only after our passing.


cryptopapa2346

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Re: What happen to your wallet/token after death?
« Reply #37 on: June 21, 2022, 03:15:57 PM »
Well, we have a family Diary which just myself and hubby has access to it. If anything happens, it can be traced out from it.
that is the one of best strategy we make our portfolio with hard work in crypto word we don't want to waste it anyway  we give to much effort and priceless time to make that it's better we give it to someone who deserve this

tarano88

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Re: What happen to your wallet/token after death?
« Reply #38 on: June 21, 2022, 04:25:13 PM »
What's the difference?

cashisking86

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Re: What happen to your wallet/token after death?
« Reply #39 on: June 22, 2022, 12:15:10 PM »
I would think leave that information in a will for your next of kin to access it if you didn't want to disclose the information to them in life. Seems a sad state of affairs if that's the case but it's a waste otherwise.

That is something I would never do. Leaving that information (private keys included) written can be a serious mistake, since we can never be sure if the person who keeps those files can see the information they contain. Personally, I prefer to give all available information to my family before I die, along with instructions on how to use the wallets in case I don't have time to do so before I die. Anyway there are several ways to do it, and everyone must choose the way that suits them best since it is a very personal decision.

I get that and I would disclose the information to my wife in life was I trust her but you could simply leave a key to a safe with instructions within a will or something so eyes don't fall on the information until such time comes. As you say we have to find the right way depending on our own situations.

Freemind

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Re: What happen to your wallet/token after death?
« Reply #40 on: June 23, 2022, 01:02:08 PM »
I get that and I would disclose the information to my wife in life was I trust her but you could simply leave a key to a safe with instructions within a will or something so eyes don't fall on the information until such time comes. As you say we have to find the right way depending on our own situations.

Exactly, it is difficult to be able to give a few steps to follow in general. Keep in mind that each one has their personal circumstances, some are married and others are not, others have brothers and sisters, etc, it is almost impossible for each person to follow the same pattern. That is why we must look for the conditions that best suit us and, above all, not make decisions without thinking about them long beforehand, that would be the worst thing we could do and what would later give us more problems.

lepbagong

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Re: What happen to your wallet/token after death?
« Reply #41 on: July 03, 2022, 06:06:09 PM »
Hmmmm... Wallet haven't introduced any plan, term or policy for this like banks, because in bank's policy you must nominate someone for transferring all your assets to your nominee after your death. Maybe they will do something about it in future.
it doesn't seem like it will be done like a bank, because the wallet has its own criteria and nothing can be done by anyone if you don't have the key to open it.
if there is a plan as you think it will get out of the way of the main goal that has been done. there is no other way if you want to be unlocked wallet, you give the key to someone you trust.
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Wishywashy

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Re: What happen to your wallet/token after death?
« Reply #42 on: July 11, 2022, 07:30:46 AM »
You can always share your password and give access to one person in your family, in case anything may happen to you. Although, you have to be careful who you trust with this information. Beware of hackers, so it’s better to tell someone close to you so you can secure your family’s needs, too.

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Re: What happen to your wallet/token after death?
« Reply #43 on: July 11, 2022, 06:45:35 PM »
Your private key to your wallet is very important and Should be kept so confidentially that anyone anywhere cannot just gain access to it, it should not be kept even on your system where internet can trace it into the hands of the hackers, once it could be traced, your wallet and token is unsafe.
In this condition, in the process of keeping safe from every reach, if the account owner dies and no one has Access to his or her private key, what will happen to the token in the wallet over time?

This is what I have in mind just in case something happens to me. But of course, it's too early for me to say that because I am too young to leave this wonderful planet.

Usually it's good to put it somewhere in a "sacred notebook" and I'll be writing a secret note somewhere in the room that they could find. But I don't prefer notebooks or papers though because they can easily be burned or soaked in water. I would rather store the seed phrases in an aluminum metal by engraving them. Even though that it's kinda time consuming, but still worth it in the end as it won't be affected by either fire or water.

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Re: What happen to your wallet/token after death?
« Reply #44 on: July 12, 2022, 12:26:31 PM »
This is what I have in mind just in case something happens to me. But of course, it's too early for me to say that because I am too young to leave this wonderful planet.

Usually it's good to put it somewhere in a "sacred notebook" and I'll be writing a secret note somewhere in the room that they could find. But I don't prefer notebooks or papers though because they can easily be burned or soaked in water. I would rather store the seed phrases in an aluminum metal by engraving them. Even though that it's kinda time consuming, but still worth it in the end as it won't be affected by either fire or water.

I think it doesn't really matter how old we are, I am not a pessimistic person, but being prepared for anything in life is a positive thing, and that can always help us. Having a plan to have someone in charge of our private keys and wallets is good, educating the chosen person about blockchain and cryptocurrencies even in the most basic things will make everything easier for both parties. This way we will not have to do it at the last minute and we will leave our funds in good hands.

 

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