E332 Your Bitcoin Inheritance Plan Must be Frictionless

<p>We’ve talked before about <a href= "https://anthonyspark.com/e321-the-frictionless-solo-ager-estate-plan/"> why Solo Ager estate plans must be frictionless</a>. Same goes for a bitcoin inheritance plan, even more so.</p> <h2>The best inheritance plan is the one that actually exists</h2> <p><img class="aligncenter size-medium wp-image-44436" src= "https://anthonyspark.com/wp-content/uploads/2023/08/The-best-inheritance-plan-is-the-one-that-actually-exists-300x169.jpg" alt="The best inheritance plan is the one that actually exists" width="300" height="169" /></p> <p>In general, 60 to 70% of people have no will or estate plan at all. Why don’t they have an estate plan?</p> <p>44% is due to procrastination - “I have time; I’ll get to it later.”</p> <p>25% of people are not sure where to start.</p> <p>13% say that it is too expensive to create an estate plan.</p> <p>In the New York City area, the cost to set up an estate plan with an attorney ranges from $1,500 to $4,000. Especially if you don’t have the liquid funds available, it’s an understandable hesitation.</p> <h2>Making an inheritance plan is a series of tough decisions</h2> <p><img class="aligncenter size-medium wp-image-44437" src= "https://anthonyspark.com/wp-content/uploads/2023/08/Making-an-inheritance-plan-is-a-series-of-tough-decisions-300x169.jpg" alt="Making an inheritance plan is a series of tough decisions" width="300" height="169" /></p> <p>We only have a limited amount of brain power for decision-making per day! Creating an inheritance plan uses a lot of that decision-making fuel. For example, do you start with <a href= "https://anthonyspark.com/e273-diy-will-vs-lawyers-for-solo-agers/"> a lawyer or do it yourself</a>? If you choose a lawyer, do you know a good lawyer? Now you’re spending time and energy asking for referrals and setting up consultations. If you choose to <a href= "https://anthonyspark.com/e187-3-best-free-diy-will-software/">make the plan yourself, what software will you use</a>?</p> <p>Once you decide on hiring an attorney vs.