Bitcoin inheritance planning? \ stacker news ~bitcoin

1524 sats \ 15 comments \ @BitcoinIsTheFuture 11 Mar bitcoin_beginners

zaps forwarded to @grayruby (25%) @siggy47 (25%)

Hi everyone - Where are you at with Bitcoin inheritance planning? Family, friends, organization? If this thing does what we think. Many of us if not all will have enough for legacy funds.

Personally I have my large stack in a multi-sig vault with Unchained Capital. I need to update the instructions for my wife in our safe(s). I believe thy had a product/process as well.

What other resources are out there? What is your plan? how can we help each other here?

@siggy47 @grayruby and I started this chat on a poll I created so I thought it would be good to have a full thread here!

some initial resources -

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172 sats \ 0 replies \ @BitcoinIsTheFuture OP 11 Mar

Added - #326762

106 sats \ 0 replies \ @0xbitcoiner 11 Mar

Just a piece of advice, the second person who knows the seed should be able to transfer the funds. In case of need, it is not advisable for this person to ask for help from third parties, because you never know who you can trust.

106 sats \ 3 replies \ @BTCFC 11 Mar

Honestly, besides general single sig cold storage I don't have too much of a plan, although, I need to start planning a lot more. Would love to learn though!

Do you like the multi sig setup with Unchained?

41 sats \ 2 replies \ @BitcoinIsTheFuture OP 11 Mar

I love having it, I work in IT as a scrum master so I do have some technical chops, but it was a bit intimidating doing it all on my own so Unchained did a great job helping with set up and any ongoing questions and issues. I heard they are going to add a yearly fee now, so I'll have to assess that, but they are bitcoin only and know what they are doing in the space!

20 sats \ 1 reply \ @BTCFC 11 Mar

Very nice! May look into it, thanks so much!

30 sats \ 0 replies \ @BitcoinIsTheFuture OP 11 Mar

You bet. I used a discount code from The Investors Podcast for the initial set up and they may still take that so let me know.

97 sats \ 0 replies \ @grayruby fwd 11 Mar

Great idea. Thanks for the initial resources and looking forward to seeing what stackers have to say in the comments.

71 sats \ 5 replies \ @siggy47 fwd 11 Mar

Has anyone considered those time lock methods?

76 sats \ 4 replies \ @grayruby fwd 11 Mar

I am interested in time lock.

71 sats \ 3 replies \ @siggy47 fwd 11 Mar

It's pretty interesting. I was planning on the old backyard treasure map.

https://m.stacker.news/20177

102 sats \ 2 replies \ @grayruby fwd 11 Mar

As an aside, I have often thought it would be a lot of fun to do a seed phrase treasure hunt in my community treasure map style. Hide 12 words in different locations and see who finds them all and unlocks the wallet first.

50 sats \ 0 replies \ @gnilma 11 Mar

It's like Dragonball, but instead of finding 7 balls, you find 12 words to make your wish come true.

50 sats \ 0 replies \ @BitcoinIsTheFuture OP 11 Mar

That is an awesome idea! A fun way for people to get in on the fun!

71 sats \ 0 replies \ @siggy47 fwd 11 Mar

Great idea and thanks for the sat split. Let's see what we can find.

0 sats \ 0 replies \ @SaToSHiWoMaN 12 Mar outlawed

stackers have outlawed this. turn on wild west mode in your /settings to see outlawed content.