Published On: Sun, Nov 26th, 2017

Preparing a Digital Inheritance – What Happens to Your Bitcoin When You Die

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Bitcoin is one of the first assets the world has ever seen that can be solely controlled by one person and, with the right precautions taken, can’t be taken from you. But seeing how this is a new type of asset, people with lost of money in digital currencies must take the necessary steps to see to it that their funds are given to the people you care about.
Giving Your Bitcoin to Future Generations
The old adage in the Bitcoin for years has been “Not your keys, not your Bitcoins.” Keeping one’s private keys safe, secure, and, well, private is a major concern for people who have any sort of significant holdings in crypto-currencies. The only people who can spend your coins is someone who has access to your keys, and so if you want to make sure that no one can steal them you need to be the only person with access. But what if the worst happens?
Years will continue to pass, and eventually, you won’t be around anymore. How can you ensure that your coins can be recovered by your family and loved ones? This is a huge …

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