E292 Help! I Don’t Have a Bitcoin Executor for My Will

<p>Choosing an executor can be very difficult if you feel you don’t have many choices, especially if you own non-traditional assets such as Bitcoin. We previously discussed this topic, generally (<a href= "https://anthonyspark.com/help-i-dont-have-an-executor-for-my-will/">https://anthonyspark.com/help-i-dont-have-an-executor-for-my-will/</a>), but what about Bitcoin?</p> <p>Whether it’s because your friends and family lack knowledge, or because you don’t want to leave behind stress or drama, there are many reasons why so many Bitcoiners feel they don’t have anyone to name as their executor.</p> <h2>Your Family and Friends Don’t Understand Bitcoin</h2> <p><img class="aligncenter size-medium wp-image-42961" src= "https://anthonyspark.com/wp-content/uploads/2022/11/Your-family-and-friends-dont-understand-bitcoin-300x169.jpg" alt="Your family and friends don’t understand bitcoin" width="300" height="169" /></p> <p>You are afraid that when you pass, they will lose your Bitcoin. They don’t understand custody or any basic security protocols (OPSEC).</p> <p>Another worry is that your family and friends will dump it, and immediately turn it into cash. They might fall for the hype that it is bad for the environment or actively believe it’s a “ponzi scheme.”</p> <p>Or they may just be completely clueless; never heard of Bitcoin.</p> <h2>You Don’t Want to Burden Your Bitcoin Friends</h2> <p><img class="aligncenter size-medium wp-image-42962" src= "https://anthonyspark.com/wp-content/uploads/2022/11/You-dont-want-to-burden-your-bitcoin-friends-300x169.jpg" alt="You don’t want to burden your bitcoin friends" width="300" height="169" /></p> <p>Maybe you have friends in the developer/Bitcoin community who are technically savvy enough, but you’re not close enough to ask them to take on this big job. Appointing an executor requires trust, and executorship is a burdensome job (lots of time and work).</p> <p>Besides, Bitcoin may only be a small portion of your entire estate. I’d guess that most technologically advanced folks will g