As much as possible, if you can have someone whom you can trust with your crypto assets like your real-life partner or a very reliable friend, then it would help you securing your bitcoin or other coins before an unexpected incident will happen.

Although that’s not a compulsory requirement, but it would lessen your worries about the future if you can make them aware or teach them earlier on how they can protect your crypto assets, even without your presence. Or as much as possible, train your kids earlier so they can continue your legacy even when you’re gone.

That’s the risk there, if you keep your bitcoin all by yourself, then you will bring it to your grave without others knowing. But if you chose to be practical, and would think about what will be the future of your cryptos, then you have to be smart and wise enough, and share your crypto knowledge and skills to your closest family member or trusted friend and confess that you are silently acquiring crypto assets, so that they can manage well your investments when something bad happens to you.

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 leave 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.

Too many people rely on their own brain as if good mental health is a given.  I could have a stroke in the middle of writing this particular reply and I could get a decent amount of damage out of it too.  Even if the person does not die, there is a plethora of diseases they can get that could permanently alter their thoughts, memories et cetera.

After all, maybe you are mentally there.  Stable and as healthy as ever.  Yet, you likely have a password you never got to remember of your old accounts.

Planning to hand your Bitcoin to the next person if you enter a coma, forget or die is a very complex subject.  Who do you hand it over to?  What if they are only apparently trust worthy?  What if THEY go absolutely crazy within an year and decide to hurt you for your Bitcoin?

What if they are trust worthy but their spouse is not or is only apparently so?

It is easy, very easy for people to imagine you have a lot of money simply because you stated you own Bitcoin.  If you are telling them about it because you want to explain to them how to access it in the tragic event of your death, it is even easier to assume there is a lot of money in there that you are trying to protect.  Because obviously, no body would be frantic about protecting their iPhone or iPad in case of their death, even if it is a device worth over 1000 Dollars.

This is why it is not that easy to protect your Bitcoin.  It can be difficult to prove an eventual theft.  But then, the first reason is probably that we are lazy as human beings and we are naive enough to not understand that we all owe a death at the end of our lives, and the end of our lives can be simply any given moment.  Dying before you actually do something about your Bitcoin, good luck to the people who inherit your wealth at unlocking your Bitcoin Wallet given they likely have no experience with it.

There are so many topics about this on the forum, if you use the search button you'll find quite a lot of them. The thing about bitcoin inheritance plan/strategy is that you have to do what works for you, it is not advisable to just adopt a strategy because it works for another person, for example, if i trust my wife enough to share my seed phrase with her, it doesn't mean you should do the same if you don't trust yours so much, so find out what works for you.

Poof, gone! That's the most likely scenario for the majority of us. I highly doubt many people have actually went ahead and planned for such scenario; I personally haven't. I've written my seed phrase somewhere around the house. There's a decent chance I can't even find it myself at this point, but I highly doubt someone from my circle is going to interpret that it's a recovery seed phrase for my Bitcoin wallet and not throw it away. So yeah, in the unfortunate event of something happening to me, my coins are long gone.

It depends on a lot of thing. Trust for instance is needed. Why something so easy as as trusting someone becomes hard is because Bitcoin is designed to be trustless. It's not as simple as people think it is because I also know a guy that trusted his next of kin so much and did the whole inheritance process and shared the private keys with him. To cut the story short, the next of kin accessed and sold off the Bitcoins in the wallet.

I do think that this is one of the few things we have to figure out individually. There's no right or wrong way but there are some best practices.

Your crypto will also be gone, that’s the reality if you don’t make an extra mile of securing your crypto. Privacy is not at all worthy as it is. So if you keep dealing with your privacy until something bad happens to you, it won’t do good in the long run.

It’s best if you can consider earlier the possible future of your crypto hodlings whenever you’re not around anymore. You have your family, your close friends, and even close relatives, you just have to look for the best person that you think will suit to your crypto investment.

Sharing your private keys may be bad but if it’s the only possible way that will save your crypto in the future, then take the risk. It’s better if your loves ones can benefit it when you’re no longer around, than to see it everything will go into waste since no one knows that you have been hodling massive amount of crypto.

This is what many people worry about, suddenly dying and not giving any access then the assets will just disappear.

As much as possible, I will write the seed phrase in a safe place at home, maybe I will entrust my wife now that the child is an adult, she must know about the assets owned by her father, this is important when something unexpected happens or something unwanted the family can still access the assets.

I will do it my own way, even though there are many contradictions, but this is a scenario that I must do myself.