Just me. My wife has a rough idea of the 2023 year end dollar value of my sats as I showed her our financial statements for 2023. She was a bit surprised but didn't comment on it. We will see if that changes when the flippening happens (bitcoin is worth more than home equity).
Inheritance planning is something I need to work on this year. I have something in place right now but I am not totally happy with it.
Inheritance planning best practices would be a good post for bitcoin beginners territory. @siggy47 have you come across any stackers sharing good strategies. If not maybe we can do a bounty (I will pitch in 10k sats) to get the community to crowdsource a best practice strategy for stacker level inheritance planning.
Yeah I have work with inheritance to do. My big stack is multisig with Unchained. Need to update the notes in the safe. I also think Unchained has an inheritance product/program.
What about medical hardship, I assume Bitcoin can be shielded from medical bill collectors. Go bankrupt with medical bills but wealthy with Bitcoin?
For the sake of inheritance plan, my kids have the 12 words each, which is known only to each of them respectively. Of course, only my wife knows my Bitcoin stack.
well, I don't have a spouse and not much of a family (and those I do have, i don't want to inherit it). So I'll still have to figure out which of my friends would inherit, though I don't plan on it being generational. The plan is to use it while I'm still alive, which of course depends on some... unknowables.
People around me (almost all) know about my 300k+ sats on the other hand even person who will be solving puzzles to excavate my private key doesn't know how many sats behind this private key
My ex-wife had a rough idea of how much I had before the price started rising more recently. I DCA $20 into BTC everyday and when she cheated which led to our divorce, she completely forgot to take my BTC holdings into consideration and only focused on getting her share of USD in the divorce filing (no lawyers involved). It brings me small comfort knowing that when BTC is all over the news again as the price hits new levels, she'll be kicking herself in the ass for not taking the time to learn about BTC as I insisted she did, though now I'm glad she didn't. Is it kinda petty? Sure, but she cheated and demolished my sense of self-worth.
It was a shitty way to learn the lesson, but it taught me to never share too much info about my holdings. I do want to look into setting up a way for my little sisters to inherit my BTC if anything ever happens to me but I have yet to really look into my options. I'll tell family about how much I have but not how I store it and such.
Inheritance is a key area I need to look more into. My partner and I are both Bitcoiners so we know our individual and joint amounts that one day we'd like to pass on to our kids. I wonder how long until funeral directors and other end-of-life-services will be able to support families with a person's will.
Although it's not often a light topic (aka your own death), I believe when you really dive deeper into Bitcoin the longer time preference, even past your own life is worth considering how best to pass on. I'd take that to mean at least one trusted person in your life should know and how you'd want it to be passed on.