Grave Prix

Don't let your coins die with you! How to transfer your coins to your loved ones from the grave

<!-- SC_OFF --><div class="md"><p>I've posted on this before, but a market quiet period can be the perfect time to take a step back and do some financial housekeeping. Let's make a plan to bestow your precious coins to your loved ones upon your untimely demise!</p> <p>A simple way to do this is by creating a <strong>"dead person's switch"</strong> via Google's Inactive Account Manager. Once enabled, Google will automatically send a custom email to the family/friends of your choosing after a certain period has elapsed since you were last active on your Google account. Not to worry - you <em>won't be putting your private keys in this email</em>. Google will also attempt to contact you a month before this actually happens, in order to prevent mistakes!</p> <hr/> <h1>How to create a dead-person's switch for your crypto holdings:</h1> <ol> <li><p>Go to Google's <a href="https://myaccount.google.com/inactive">Inactive Account Manager</a></p></li> <li><p>Set a waiting period of something ridiculous, like 6 or 12 or even 18 months (good for forcing the HODL from the grave!) since you were last active.</p></li> <li><p>Craft a nerdy email to your loved ones with important info on how to access your stash. <strong>DON'T put your actual private keys or website passwords here</strong>, as this will be stored on a Google server somewhere. Just put instructions on how to access your PHYSICAL belongings like your laptop, phone, hardware wallet, safe deposit box, etc. Then direct them to a password-protected file stored LOCALLY on your computer / USB drive containing the rest of the instructions on how to access your crypto. For password protection, you can use something free and open-source like 7-Zip to turn any file or folder into an encrypted archive.</p></li> <li><p>Remember to tell your family you love them and apologize cheekily for accumulating DOGE at $0.05 despite them telling you to get a job. Maybe even give them some of your degen yield-farming tips!</p></li> </ol> <p>Sit back, relax, and enjoy providing generational <del>ramen</del> wealth for your family from the grave!</p> <p>I realize that this solution isn't perfect (ie, a Google employee could travel to your house and steal your laptop), but I feel that for some, there may be a high barrier to entry to getting a lawyer, drafting a will, or otherwise paying an estate planning agency for their services. </p> <p>The intention of this post is to illuminate an easily-accessible tool from which you can easily craft your own custom solution. Thoughts welcome!</p> </div><!-- SC_ON -->   submitted by   <a href="https://www.reddit.com/user/bloodbank5"> /u/bloodbank5 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ydz06g/dont_let_your_coins_die_with_you_how_to_transfer/">[link]</a></span>   <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ydz06g/dont_let_your_coins_die_with_you_how_to_transfer/">[comments]</a></span>