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When moving to a Bitcoin standard keep the following in mind. Fiat world has made it so one might miss out on inheritance if you don't have fiat accounts and relationships.
So, I'm dealing with Mom's estate and the hoops government and fiat institutions make you go through is awesome (not the positive connotation). Here's some of what I'm dealing with.
State of Tennessee
Death without a will: Probate required. Death with a valid will: Probate required.
WTF!!!
Credit Union Mom, sister, and I have used since the 1970s.
No named beneficiary, so they require death certificate and probate court document.
Fidelity/E-Trade Named Beneficiaries, so send death certificate copy or scan, ID + open account (for faster transfer 😉) and provide verbal request to transfer.
Insurance Companies MetLife Named Beneficiaries, so send original death certificate original, notorized copy of their form, plus they automatically open a fiat account paying 2% interestnthat you can write drafts from. All at once or like a checking account.
Here's the one that really gets me.
Amundi Asset Management Named Beneficiaries. Send original death certificate, ID + their form with a Medallion Signature Guarantee (notary not accepted).
Note: If you live in a Bitcoin standard you cannot get a Medallion Signature Guarantee. You can only get them from Fiat banks and brokerages in a network!
My situation is I live a 3 hour drive from my closest Credit Union branch, so I'll have to make a 6 hour trip, plus meeting time to get this stamp. The fund has about .55 BTC worth of fiat, so I can't just leave it.
So, as I contemplate the move to The Standard, I now see the need to maintain one fiat account/relationship just in case.
Anyhow, I'll still stack Sats and stay humble.
That sucks, man.
It'll be a true joy seeing these institutions die. The way they pile onto people who are at their most vulnerable point is horrendous.
On the Standard, all your mom would have had to do is leave you a treasure map to where her keys were hidden or perhaps a series of riddles to decipher what the keys are. Maybe there are less fanciful solutions, too.
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Thanks! Yeah. My son won't have to deal with this stuff.
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hopefully, but for that we need to destroy the state...
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âš¡FTS!
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