Bitcoin Inheritance Planning
Bitcoin Inheritance Planning is like writing a digital will for your crypto assets. Unlike traditional bank accounts, Bitcoin has no central authority to reset passwords or release funds upon death. Therefore, owners must proactively arrange a structure—like multisignature wallets, secure backups, or legally binding instructions—so loved ones can retrieve the keys.
Some people opt for professional services or attorneys with expertise in crypto custody, while others craft DIY solutions using time-locked or “dead man’s switch” scripts. The main priority is balancing accessibility (for heirs) and security (against premature or unauthorized access). In essence, inheritance planning for Bitcoin highlights the maxim “not your keys, not your coins,” extending it to future generations.