Crypto Inheritance: A Growing Concern for Family Members
Crypto inheritance is a pressing problem for many cryptocurrency holders. When a person passes away, their loved ones may be unable to access their coins due to lack of seed phrase or private keys. This can lead to family members being stranded and assets becoming inaccessible.
The issue isn't just about death; it's also about illness, travel, memory lapses, divorce, messy houses, and passwords that never got written down. Cryptocurrency holders want their assets to be recoverable by the right people at the right time.
To address this problem, a plan is needed that regular humans can use. This plan should involve multiple layers: a legal layer with a will or trust, a technical layer explaining how to access the coins, and a human layer keeping the plan updated and testable.