E308 Have a Placeholder Bitcoin Inheritance Plan

<p>A placeholder bitcoin inheritance plan may be the solution to spur bitcoiners into action, rather than pursuing a “perfect” plan. Instead of holding off on a plan until it’s perfect, have a placeholder plan in the meantime in case anything happens to you while you are still perfecting your inheritance plan.</p> <p>Perfect is the enemy of done, and using a placeholder plan may help avoid overthinking and analysis paralysis.</p> <h2>Why bitcoiners need SOME inheritance plan</h2> <p><img class="aligncenter size-medium wp-image-43528" src= "https://anthonyspark.com/wp-content/uploads/2023/02/Why-bitcoiners-need-SOME-inheritance-plan-300x169.jpg" alt="Why bitcoiners need SOME inheritance plan" width="300" height= "169" /></p> <p>With bitcoin, there is no default safety net. Other assets, like a regular bank account, are connected to centralized institutions, meaning the funds won’t be lost. Banks and brokerages offer features such as password recovery. You heirs can submit letters testamentary to these institutions to make a death claim on your assets. Even if no one claims in a timely fashion, the funds don’t just disappear, they go to the state’s unclaimed funds.</p> <p>But <a href= "https://anthonyspark.com/e216-bitcoins-unclaimed-property-problem/"> not with bitcoin</a>! You need a plan for your bitcoin. The cryptographic security solutions (password, seed phrase, etc.), also make it hard for your heirs to access your bitcoin upon your death. So even though 60% of people have no estate plan, a bitcoiner MUST have some kind of plan to avoid catastrophic loss</p> <h2>Baselayer bitcoin inheritance plan</h2> <p><img class="aligncenter size-medium wp-image-43529" src= "https://anthonyspark.com/wp-content/uploads/2023/02/Baselayer-bitcoin-inheritance-plan-300x169.jpg" alt="Baselayer bitcoin inheritance plan" width="300" height= "169" /></p> <p>This doesn’t have to be a plan that you love; t’s just a placeholder until you complete your treasure map or other “perfect plan.”</p> <p>Once you have your “perfect” plan, don