Bitcoin Estate Plan
from TBW 0125 —
Passphrase (25th Word):
Always store your passphrase in a different location from your seed phrase. Keeping them separate adds an extra layer of security.
Remember, you need both the seed phrase and the passphrase to access your Bitcoin, so safeguarding each piece is crucial.
[Read more…] about Excellent Security Tip — Your 25th Secret Word
Interested in leaving assets to your kids? Sure, others can help you …for a fee. Yet do you need them? Do you want them?
Want to support a favorite organization after you’re gone? How can you best help them — maybe a lot better?
How can you turbocharge your giving, perhaps by multiples? This is an asymmetric gamble, one with great odds and controlled only by math, not subject to manipulation by humans.
The government — and private professionals — say you have to trust them. Can you? Do you? Will you?
First Blog DRAFT (reviewed 30 Jan 2025):
This WILL be changed…
Everyone with substantial assets should have an estate plan. Many have not started such plans but those who have almost always end up with estate lawyers who recommend trustees.
Estate lawyers and trustees claim they will take care of your assets and will distribute them according to your wishes. Maybe they will. Maybe they’ll do an excellent job. Or maybe, despite the finest of goals, they may stumble. Worse, the personnel who promised you move on to other work and people you never met take over the task.
Will they do what you want? How will you know? If they don’t do what you want, what can you do about it. You’re dead and gone.
[Read more…] about Introducing “SATplan” — A Blog on My Progress