What Happens To Your Bitcoin When You Die: Inheritance Planning

This is a past event

8 people went

Every week on Tuesday

ThatChannel.com Studio

600 Bay Street, Suite 510 · Toronto, ON

How to find us

Phone 647.932.2063 for entry

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Details

You've followed our journey at the meetup of figuring out what Bitcoin is, why it is worth investing in, how to protect your privacy, how to purchase Bitcoin and store it. You can review all of it at the dedicated YouTube channel now: watch meetups live and subscribe at http://bit.ly/ThatCryptoYouTube.

Now it's time to set up a system that will allow your heirs to inherit your Bitcoin, which needs to solve 2 conflicting problems: relative simplicity for your heirs to access your Bitcoin after you pass, but not earlier, which might be many years in the future vs. difficulty for others to steal your Bitcoin (stealing keys or devices, brute-forcing, physical attacks) including your heirs while you are still alive.

Technically there is no physical Bitcoin you need to store in a vault, it is all about managing private keys that allow spending Bitcoin that you control.

Agenda:
- Primitive technology (pen and paper)
- Select helpers (crypto experts)
- Write a letter (inform your heirs of crypto assets)
- Inventory of your assets, accounts, passwords, devices, pins
- Create backups (SEEDs, passphrases, access codes)
- Separate storage location (safe, locking drawer)
- Make it legal

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Phone[masked] for entry.

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