What Are Your Plans With Your Crypto Assets After Death?

According to a 2020 study by the Cremation Institute, nearly 90% of crypto owners are worried about what will happen to their crypto after they pass away. Furthermore, despite a high level of concern, crypto holders are reportedly four times less likely to use wills for inheritances than non-crypto investors.

Millions of dollars in crypto is being lost each year through the deaths of its owners. Crypto insurance firm Coincover estimates that around 4 million Bitcoin, or $68 billion at publishing time, is out of circulation after access was lost, with a large portion likely caused by death.

In fact, there are a number of ways for investors to bequeath their crypto to the next generation, but each method requires some decision-making and planning, as well as some general knowledge about how crypto works:

• Sharing keys with trusted family members

• Some exchanges can unlock access to crypto with a +death certificate

• Crypto inheritance services

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Article : https://cointelegraph.com/news/what-happens-to-your-bitcoin-when-you-die

What are your plans with your crypto assets after death? Do you want to pass on to your children as an inheritance or will they be locked out forever to share that value with the entire crypto community?

Many people choose the first option, they share the wallet & private key with their relatives by storing them in a hardware storage device and the password to access it is only revealed in the will