I have given this topic a lot of thought recently, but a few days ago, @focusnow posted a question about what will happen to your accounts when you die.
Now, don’t go thinking that I am being morbid; I am trying to be helpful.
One thing I learned working in Emergency Medicine for over 20 years is that life can change instantly. You need to have a plan in place, I think it is the responsible thing to do for your family.
Here are a few questions to ask yourself.
- Does your family know anything about your Hive account and activity?
- Do you have all your credentials in a safe place?
- Do your loved ones know what you have accumulated in your Hive account?
I believe most of us would answer question 1 with a resounding NO.
As for myself, I have tried to get my family involved on the blockchain, but it has not been very successful. I have set them up with accounts, but they have not been on for some time now.
**Question 2 should be a resounding YES! **
When I first joined the Hive Blockchain, it was through ListNerds. One point that my mentor, @jongolson, hammered home was the importance of securing your Hive keys.
You need to have multiple copies laminated, of course, in a few secured locations both at home and off-site.
I have laminated copies of my keys, and they are in my safe, along with my Hive journal. I also have digital storage.
Remember that it is essential to protect your keys, but you also want to protect your family by having them available upon your demise.
Question 3 is a bit different, I guess.
My family does not really know how much I have accumulated on Hive since joining, but I want them to have access to it when I am gone.
The last thing you want to have happen to your account is the “Dead Fish” status and your funds just sitting there, helping no one.
I have done this to help ensure a smooth transition of my Hive account once I have transitioned.
First and foremost, I have secured my keys in multiple places, but in areas where my family will be able to find them.
I have started a simple journal that outlines my Hive life but is not so complex that they will be overwhelmed by the information.
I have a somewhat current list of my Hive Ledger that describes each token and what they are for.
Once they secure my Hive account, I have instructed them to log on to @jongolson’s The Hive Guide at https://thehiveguide.com.
This free program describes how to start on the Hive Blockchain and how things work.
If you are not familiar with the site, I urge you to check it out.
https://img.inleo.io/DQmTGQaQswjUEZspHx5WFKt71cRG97uqeedPw3FdcoZGaFw/INLEO%20Text%20Divider%20(800%20x%2040%20px)%20(3).png
It is my hope that either my wife or, more likely, one of my kids will pick up the mantle and continue to grow the account.
I instruct them on the simple process of transferring tokens to their own account or cashing them out.
I hope this will not be an issue for a long time, but I am a realist and know things change in life.
Keep in mind that this method is also helpful if you are incapacitated for some reason like a stroke of coma.
**I keep my ledger in our safe and my family knows where it is and they also understand not to read it unless necessary.
**
And on that note, I wish you all a long and prosperous life.
Until next time,
John Novak
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