There's a reason why it's Called a seed phrase, it's for you to gain access to your wallets. Sharing your seed phrase simply means you are ready for your wallets to be compromised or hacked, people don't really take this seriously that's why they end up not being able to access Their wallets. I have a story of someone who lost over 21 thousand dollars in a wallet just because his seed phrase fell into the wrong hands. When it comes to issues with money I don't think you can trust anyone but yourself , learn to keep it private
So what if the same people you seems to call your family members then suddenly betrays you, or probably kills you, simply because they want to inherit your Bitcoin? What happens then? Because, inasmuch as this thread is trying to create an awareness unto people to reduce the number of lost Bitcoin that has ever been recorded, for me I would have said that though, it's good to tell close relative that we have an investment in Bitcoin, it's not idea to tell them the exact amount in it. As knowing what it contains may trigger certain people doing the unthinkable.
I want you both to be sincere. And I think you have bitcoin in your wallet. And what you say here will be a good examples for other comments. Nobody like to die but dead is inevitable and can occur at anytime but nobody pray for it. But if it happens now, what will happen to your saved bitcoin? Will they die with you or someone can use it to invest for your family? Before I create this thread, I have think from all the angles and taking some examples of some users and I didn't just create this thread for writing or creating a thread shake. This thread has an in-depth reasoning. If you read Coyster, Charles-Tim, NurseHub, SatoPrincess comments, you would understand that they find alternative way to the Op because this is a critical issue. And whenever dis matter is raised, many users would only say, I don't want to lose.my coins therefore I can't give out my seed phrase. Nobody will ask us to give them our seed phrase but it will be very bad of us that we have funds in the wallet and we died without telling anyone who we trust and our children suffer to survive in the world. And if our children hear that we have enough money that they can use to invest in business and live a comfortable live but they can't access it because they don't know the seed phrase, they will never be happy with us. If the multisigs is good then we should use it with the trusted person.
I gave one good example in the Op and if we are in-depth reasoning we will understand the important of sharing the seed phrase either to with a wife or children. We only thinking of losing the coins if we tell someone, but you both have not answered the question, if we die today what will happen to the bitcoin we have in the wallets? Yes na you get the coins and they are your assets and if you don't someone to know about them, no prob and nobody will drag with you because you are di onwer of the funds.
Let me yan u story. Do you know dat there are lot of billions in the banks that have no owners again because owners are dead and no next of kins to go and claim them so the Bank Managers and Bankers who know those Cash in the Bank transfer them to their accounts and used them. I went you to tell us, be sincere if you die today, who will claim your coins to help your family, since you don't trust anyone to know your seed phrase. And I believed the coins will also follow you. Those who died yesterday didn't plan for it. God forbid it will not happen to anyone here but we have to understand nature and not saying it will never happens. It is good to tell someone whom you trust. Or as other comments as been said, multisigs is also good if other person can have access to it in time of emergency.
Tell am.