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1  Bitcoin / Bitcoin Discussion / Re: What will happen to bitcoin in our wallet when we die on: August 05, 2015, 09:34:19 PM
well there are methods, deadman switches, or multisig, you leave one key with your wife and one with executor of your estate who gives the second key to the wife and then she can get the funds.  this assumes there won't be collusion between your wife and your lawyer.

I already thought you wanted to write "you leave one key with your wife and one with executor of your estate who gives the second key to the wife and then she can get the funds. And they will happily live a life together leaving you behind without your coins." Cheesy

I think that happens simply too often to be a good option.

If you trust your wife then the wife can get it, more persons involved could sometimes even raise the risk.

Yeah and then you sue the executor (law firm) for all your bitcoins plus
millions in punitive damages and file a complaint to have the attorney disbarred.
There's nothing a lawyer fears more than the bar review board.

If you don't like using a trusted party, you need a dead man switch of some kind.



Suing would take years and you would be penniless while it was ongoing. Isn't there a way of sending a time locked transaction that locks your Bitcoins in a state they cannot be spent in for a specified lenght of time? You could probably use that somehow to make sure your wife would inherit your Bitcoins.
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