5 Common Mistakes That Could Cost Your Heirs Millions
Avoid these critical crypto inheritance mistakes that have already cost families billions in lost digital assets forever.
Real families have lost access to millions in cryptocurrency due to simple oversights in inheritance planning. Don't let these preventable mistakes happen to your loved ones.
The 5 costliest mistakes:
- Storing seed phrases in obvious digital locations
- Not updating beneficiary information
- Failing to document exchange accounts
- Using complex password schemes without instructions
- Ignoring tax implications for heirs
A programmer died with $240 million in Bitcoin locked away forever. His widow spent years trying to crack the password.
Real Case Study
The $140 million lesson
In 2019, QuadrigaCX's founder died suddenly, taking with him the private keys to $140 million in customer funds. This tragedy shows why proper key management and succession planning are essential.
