Your Bitcoin may become unreachable by your family if you are only individual who knows where your seed phrase is and how your wallet works. On the other hand, if you share your seed phrase with someone during your lifetime, it also creates clear security issues. It is not always easy to find the middle ground between security and inheritance. Experts generally recommend planning both the technical recovery process and the legal side of inheritance instead of relying on memory alone. It is generally agreed that the technical recovery process should be planned as well as the legal aspects of the inheritance process, other than just relying on memory.
Not all bitcoiners (or children) may have families or significant others (divorces, untrustworthy people, incapable of rationally managing bitcoins) when the need arises to inherit bitcoins. Let's consider the worst-case scenario: when a bitcoiner has no one to entrust their "
BTC-inheritance" to. What should be done in this case? Leave the wallets inaccessible to anyone, like Satoshi's (and as a treasure trove for future quantum treasure hunters)?
In my opinion, the protection of Bitcoin should not only be against hackers and thieves. It should also include ensuring that your family does not end up with unopenable wallet should something unexpected happen. The hard aspect is creating plan that will protect your Bitcoin today and let trusted individuals get it back later. It is likely that there is not one solution that works for everyone, so it is best to consider it before it is needed.
The solution might be to live here and now, spending part of your
BTC-reserves on yourself.
Have you made any inheritance plan for your Bitcoin?
For example, could create a puzzle or quest (published, say, in the
BTC-community) that would allow the most cognizant to access your bitcoin inheritance. This would be a more useful solution than if your bitcoins were (presumably) irretrievably
lost.
I repeat, this is the worst-case scenario (which is quite likely to occur, given the low desire of modern people to start families, relationships, and, in general, the divorce rate, as well as the infidelity rate, which reduces the likelihood of kinship with "your" children), when the bookstore owner has no one to bequeath bitcoins to.
