To have such a feature will most likely require a centralized authority to have access to your wallet's private keys, which is obviously a no-go. The simplest thing I can think of is simply having a written instructions on how and where to get your written mnemonic phrase, and how to import it on a hardware wallet or something.

Crypto exchange will fix the inheritance for their customers? that's not a good idea imo.

You can set this on your own and just like what you have said on that report, there are people who have already planned it well. It's a matter of talk and discussion to your closest relative how you can give bitcoin to them as your last will.

A deed or will is enough to pass on a crypto wallet or storage, or you can even just let someone from your family know what to do with your crypto in case of emergency. Creating such feature will beat the purpose of being anonymous, and having a third party to entrust your money once you pass away. This will require a lot of process for both you and the platform. I doubt if exchange or wallets will go to that extent.

Also, take note that even highly secured platforms are getting hacked. You don't want all your credentials and even all your crypto assets to be kept in a platform susceptible to hacking.

For me, the inheritance of bitcoin should be done by the owner of the bitcoin themselves through leaving a note which contains the passphrase or accounts which contain the bitcoins. Because having an application to do it is not trusted especially an exchange that isn't providing us the private key to the accounts.

Or maybe, what looks more legal is to have an attorney process the inheritance just like how the usual assets inherited.

Inheritance and will are probably one of the simplest use cases for bitcoin. One of the main examples that Andreas Antonopuolos shares in his old video on advanced bitcoin scripting involved a similar multisig implementation that he explains in a very easy to understand way. The video is worth a watch. He also explains how the stack in bitcoin scripts works for verification of signatures and transactions.

I don't think that it is necessary with this crypto world, there are many ways that their family can now their accounts once the wallet owner dies, its better that your wallet accounts information is saved on your desktop or on the paper that hey can see once you will get die or better, you may tell it o them so you wouldn't have a problem telling to them your sccount information, if you really love your family, you should trust them with you bug heart, there is nothing bad that they will do with your wallet, just trust them.
Indeed if you are a bitcoin investor, and you have invested a huge amount of money, you should think that you may get die for some other days and your money should be used by you family, you should know how they can access on your account

Why do you need a separate service for the same. Legal firms are already there who provides such service. The only thing you will have to do is to create a will and register it. Legal firms are obligated to maintain the secrecy of your details. If they do not adhere to that, you can get a great indemnification. Just pass on the private key in a sealed envelope to the legal firm along with the will and your next generation will receive it in a similar way after your demise. That's very simple and doesn't require a fortune to create a will.

Don't really need a plithora of new services for cryptocurrency. Whatever we have already, can be used with little smartness!

What I don't understand is :

If those 89% are worried about loosing their assets when they die , why are they not talking it out with any personal lawyer or maybe their wallet company ?

The thing is , it is advisable now a days to actually go and search your options , most wallet companies are providing inheritance plans for free. You can even add nominee in your account.

I do use a mobile wallet and few months back I received an email from Zebpay.
I will show you guys the SC of that -


Therefore I do believe that if you talk it out with the wallet you are using , you can very easily ask them to add this feature if this isn't yet added.

For people with paper wallets and hardware wallets they should give precise information to some person they trust more than anything which can be followed up upon their death.
You can also hire any lawyer to give some random things to your family upon your demise and just hide the hardware wallet in one of them , hopefully they will know what to do with it .

I agree I hope that one day there would be a service provider that could set it up like if you haven't log in for a certain of time they would send all the account information or details on your chosen person.
You would create an account on their platform and put up a email or any contact information for who would inherit your crypto on their platform.
I think this could be a good on exchanges when so we wouldn't worry about a thing.