I'M in my mid 50's, poor health, with small children

Question

I'M in my mid 50's, poor health, with small children

under 12. If I died suddenly I have three estate planning options to preserve my BTC ETH USDC PAXG & 5 other alts:

1- Celsius and/or Crypto.com
2- Ledger hardware wallet
3- Regulated exchange

Afaik Swan Bitcoin requires 3K USD per year, but only for BTC, so if I die suddenly and stop paying the 3k USD fee, what happens to my children's BTC? Where else can I store ETH USDC PAXG & other alt coins without paying any fees?

I lost a lot with CEL, but what other options for estate planning over 10-15 years are there? Leaving crypto on a hardware wallet for small children is easier said than done, the most likely outcome is the crypto gets lost or stolen. Same for exchanges.

TL.DR, Celsius isn't perfect, but for fee free estate planning it's a case of TINA (there is no alternative). Swan Bitcoin isn't an option even for BTC maxis who only hodl Bitcoin, who pays the fee when you're dead?

I think the Swan guy is digging his own grave!

0

01.06.2022

6 ответов

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Banksy Run Автор вопроса

T
Celsius really should look into legal beneficiarys...

I think you need to prepare a legal Will that includes your Celsius account, then your family just needs to contact Celsius with regular kyc documents, and you should be ok! If Celsius added account beneficiaries that would obviously help, but probably isn't needed, as long as you have a Will.

0

01.06.2022

Grizzly @CeljayCel

Banksy Run
I think you need to prepare a legal Will that incl...

Yes a will or directive is the way to go should have it no matter what for crypto or life in general. NFA, life advice

0

01.06.2022

Banksy Run Автор вопроса

Grizzly @CeljayCel
Yes a will or directive is the way to go should ha...

IMO the best argument against the fud from Swan Bitcoin is this: Celsius allows easy to use, free, long term estate planning, for intergenerational wealth transfer to non crypto aware family members! There is no alternative afaik! If you're a btc maximalist, and your estate beneficiaries are experienced crypto users, maybe a hardware wallet in a safe deposit box will do the job, but you still have to trust someone with the key and/or seed phrase. For the vast majority of people, Celsius is a better option IMO!

0

02.06.2022

Grizzly @CeljayCel

I really like it clean and simple to understand it a good marketing idea could make for a good commercial

0

02.06.2022

Banksy Run Автор вопроса

Grizzly @CeljayCel
I really like it clean and simple to understand it...

I really want to know this, what happens to Swan Bitcoin users who die suddenly, and their estate beneficiaries know nothing about bitcoin, and they don't pay the 3k USD fee? I assume those BTC are lost forever!

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02.06.2022

T · Accepted Answer

T

Celsius really should look into legal beneficiarys for accounts since I hear users talking about estate planning and celsius together often. What is everyone doing ot ensure if they randomly get hit by a car their family can access their account with relative ease?

0

01.06.2022

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