Yunus Taşlı 
As the popularity of cryptocurrencies increases today, the fate of a person’s crypto assets in the event of death is becoming increasingly important.
Inheritance; is a common practice that regulates the distribution of assets such as houses, cars, and fields according to the desire. However, the inclusion of crypto assets in the inheritance process can create different challenges.
The ability to hold crypto assets in different software, hardware, and exchanges becomes a complex starting point for identifying and accessing these assets. Attempts to find and use these assets may be in vain when important information such as private keys, recovery phrases, or PIN numbers cannot be accessed. This could mean that assets like Bitcoin, Ethereum, and other cryptocurrencies could be lost permanently.
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In this uncertain world of crypto assets, there are some important steps and solutions on how to take precautions considering this possibility as a crypto owner or how to access the crypto assets of a deceased person as an heir.
In the continuation of our article, we will discuss these steps and solutions in more detail, so you can have more information about the fate of crypto assets after death.
The safe transfer or management of your crypto assets after your death is an important issue. There are many options to do this, but the most common solutions are:
1.Safely Storage of Private Keys and Recovery Phrases:
Storage:
The Private keys and recovery phrases of your crypto assets should be stored in the safest way possible. Only you or a person you trust should have access to this information. Some of the methods you can use to store this information in a secure digital environment such as writing your private keys and recovery phrases on paper or using USB or Hard Disk. The most important risk here is that the information becomes inaccessible due to the USB or hard disk being damaged or corrupted. If you choose this method, it is recommended to use multiple backups.
2.Use of Encrypted Email to Keep Crypto Assets Safe:
Another method is to send your crypto assets’ private keys and recovery phrases to a trusted receiver via an encrypted e-mail. This allows a trusted person following these instructions to access the assets. However, this method also brings the responsibility of ensuring the security of the sent encrypted email.
Alternatively, access to encrypted email can be provided using a third-party hosting site. However, accessing information may become difficult if these types of hosting sites are shut down. Such methods for keeping crypto assets safe are among the options to be considered.
3.Emergency Button:
The emergency button is a method that requires your verification for a certain period of time. If verification is not made, private keys are automatically shared with a certain recipient. There are important points to consider when using this method.
For example, you may not be able to confirm that you are alive due to reasons such as illness or lack of internet connection. Also, transferring your crypto access information to someone does not necessarily mean you intend for your assets to pass to this person.
4.Contact with Exchanges in Case of Death:
You can get help with locating and accessing assets after the death of the account owner on centralized exchanges. However, exchanges have their own rules and legal requirements, so you must communicate carefully.
5.Mentioning Crypto Assets in the Will:
You should clearly state your crypto assets in your will. It should include details such as which assets will be transferred to whom and how.
6.Digital Estate Planning:
A digital estate plan can help you think in detail about how to manage yourdigital assets. You can get help from an expert to create this plan.
Keep in mind that managing digital assets after death can be complex, and each situation is different. Therefore, it is important to coordinate this process in collaboration with a lawyer or financial advisor. Also, the person who will manage these assets after your death should also have knowledge in this field.
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