I have finally gotten through the 12 pages of this thread, and for sure various posts in this thread raise a lot of issues that relate to ideas of disclosing finances, sharing access to funds with a spouse - and perhaps similarly situated others and successorship issues.
I am not going to proclaim to know how anyone else should answer these kinds of questions because there are likely going to be differing ways of dealing with the issues in terms of both whether any of us might already be in the midst of such marriage relationship or we might be considering whether or how to enter into that kind of a relationship in the future, and for sure, successorship could be a bit of a moving target, too in terms of both set up and/or maintaining it if fund locations and ways of accessing funds might change.
Even with marriage, it does seem that there could be some better ways of setting up finances that involve separate funds and shared funds, and many of us know that some of the ways of setting up bitcoin funds can have complicated technical aspects - including balancing the extent to which any of us want to hold any of our bitcoin with third parties.
Yes unless you didn’t trust your partner in regards with your finances due to his/her personal financial management problem. I personally share my assets including private keys of my wallet of my partner so that they can recover it when something unforeseen things happened to me. My partner is my legal beneficiary so there’s no sense to not share my seed phrase in case I’ve gone.
Actually having a last will and testament in advance including the seed phrase of my wallet is one thing I’m considering in the future for my children in case me and my partner both gone at the same time.
The problem is not only to share the seed phrase with your partner, where I see the bigger problem is if you share it with your wife, the point of failure or loss will increase.
She could leak it from her own end and you will be hacked. That is why I will be careful to share it with my partner.
When women knows that something is important to you, they will try to use it to test your patience during misunderstanding
For sure there can be levels of maturity involved in relationships too, and partners do sometimes test each other - especially during fights... which also can happen even with the most lovey dovey of couples.
Let's say that there is a marriage arrangement in which each spouse has his/her separate funds, and they have also agreed upon a joint fund, so either each partner contributes into the joint fund or maybe if the husband earns more money, then he might contribute way more and maybe even all of the money into the fund that is considered a joint fund. That fund can be grounds that can be used to test the relationship, and if with the passage of time, the amount of money in that fund might increase or it might be allocated as savings, investments and able to spend funds, and maybe with the passage of time, if each of the spouses is shown as responsible and capable, then more and more trust develops regarding how the fund is able to be managed by the other and spent in ways that are mutually agreeable. The opposite can happen too, if funds are spent outside of agreement, then maybe there will be hesitancies to increase value in the fund or to increase freedom to spend within the fund.
Yes. That is a very nice little short-story that is only 27 minutes in length. It shows some of the difficulties that couples might have in terms of both growing apart and frequently not really understanding each other very well - including some of the greed and self-centeredness that each of us tends to feel and may end up acting upon negative aspects of our self-centeredness... and sometimes these kinds of matters might include bitcoin - which surely bitcoiners should be able to relate to several aspects of the dark humor... including how the wife's eyes seem to glaze over when the guy talks about bitcoin, and all that she can think about is spending it, and the husband spends a lot of time thinking about deferred gratification (which surely he may go too far with that aspect, too).
I've watched a documentary about how a wife that's being loved by his husband wants him dead. Not all the wives out there really love you with what you see.
But there's a probability that she just loved you because of the material things that you possess. Well, the wife has to hire a known ex-killer but the guy's already changed and exposed the plan to the husband. Well, the husband ended up playing dead with fake wounds and gunshots.
I'm not saying that I don't trust my wife but, in other cases, handing it out to your wife could be a threat to what you've worked for.
For sure, there are risks in relationships, sometimes there are going to be needs to facilitate incentive systems in order that any wife (or spouse) should have greater incentive (or perceive greater benefits) if you are alive rather than if you are dead. So for sure, there can be risks, if the systems seem to create incentives that you die sooner rather than later. Sure, it is sad that any of us needs to worry that our partner might want to "off us" early (and may be willing to act upon such desires to "off us" early).
When a man gets married to a woman to become husband and wife, they become one and everyone expects that they can get to share everything with each other. I know of women who have the passwords to their husbands bank cards and they can make withdrawals on his behalf. I will like to ask the Men here if they have shared their seed phrase with their wife's? I will like to ask the women here how they will feel if their husbands refuse telling them their seed phrase?
Of course. I am a married man and my wife "knows" my seed phrase, well she doesn't really know it, she can't possibly memorize it, so she knows where the paper is. In a small notebook that I have, I have all the information on crypto that I have, usernames, mails, passwords, phrases, basically anything she might need in case that I can't.
This doesn't mean that I am dead, but I may be in hospital or even jail (hope not for both) and she could at least go home, open my pc, and use that notebook to cash out all our crypto savings if he has to. She hasn't done anything like that so far, I have a laptop and even in hospital I made sure that I could withdraw via my phone, but you never know what life may bring.
It does not seem to be a very good practice to make things too easy or even to have it all in one spot.
It also does not seem to be a good idea to say specifically what you security is on the internet. Hopefully, you are able to at least change it a little bit.. or to disguise it..
You know that there are sometimes funny stories in which people get their bitcoin stolen because they have their passwords and/or security all in one place.
Wow, my post got deleted. It lives on in quotes. Just wow
How could it be a "wow?" You must have broken some kind of a forum rule, no?
Did you say anything that might have been helpful to anyone else, and if you maybe there is a better way of saying it.
Otherwise, maybe it got deleted because there was no value to it? Perhaps? Perhaps?
When a man gets married to a woman to become husband and wife, they become one and everyone expects that they can get to share everything with each other. I know of women who have the passwords to their husbands bank cards and they can make withdrawals on his behalf. I will like to ask the Men here if they have shared their seed phrase with their wife's? I will like to ask the women here how they will feel if their husbands refuse telling them their seed phrase?
I didn't tell my lover I bought bitcoin, I hid my investment. I told my sister my mnemonic, she is the person I trust the most. I told her both the passphrase and the seed private key in case something happens to me.
Yep. Sometimes it might not be the right kind of relationship to share some financial information; nonetheless, it seems that if you have gone down the road of getting married then you may well want to build up confidence and/or a group budget.
But, yeah if you have only a lover kind of relationship, then in that case you have not created a situation in which you might be attempting to figure out how to build together, so in those kinds of circumstances it might not be a good idea to share personal financial information.
Let's say that the two of you were to decide to go on a 1 month long or even a couple month long trip together, and so maybe you might create a budget for that trip, too... but yeah, maybe even with a long trip, it might not make sense to create a group budget unless you might be pooling money and then agreeing on some of the various ways in which some of the group money would be spent.
