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Those things not mutually exclusive. I know some people like multi-signature. At least that way he couldn't give out a seed phrase if drunk/tired/lack of judgement etc. For those amount of sats seems worth it imo
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Agree about multi signature
You’re right: he can do all of the above
Edit: If you only have one wallet then multi signature is the best option
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He should have at least 3 different hardware wallets or desktop wallets
Or run a node