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What's the most foolproof way to ensure your bitcoins can be passed on safely to your heirs in the event of your death? Note this question has two levels of difficulty:

  1. safely passing on bitcoins to someone and

  2. passing them on according to the terms of your will, which may split the "bitcoin estate" two or more ways, and not necessarily in the same proportion.

Point 2) implies giving control of the wallet to a Trustee in a sufficiently transparent way that the heirs can check the wallet amounts to ensure they receive all the bitcoins available.

A complication I'm aware of is that as I'm using my bitcoin wallet, any transaction wipes the existing key and transfers the balance to a new key. So storing a paper wallet is not really an option unless I intend to never touch the bitcoins in it during my lifetime.

Juan Leni
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realbernie
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  • See https://bitcoin.stackexchange.com/questions/38692/estate-planning-how-can-i-ensure-my-bitcoins-are-inheritable?rq=1 which answers at least part of this. You may wish to edit your question to focus on what remains. – Nate Eldredge Sep 27 '17 at 13:41
  • Are you familiar with HD wallets? This avoids the "transfer to new key" issue. – Nate Eldredge Sep 27 '17 at 13:42
  • Thank you for the pointers Nate Eldredge - I'm a bit new to the deeper issues involved so I'll read around some more. Bitcoins are interesting but require significant investment of brainpower.... – realbernie Sep 27 '17 at 15:31

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