Quote from: Antonas1 on October 29, 2022, 08:05:00 AM

Quote from: Maidak on October 28, 2022, 03:44:48 PM

Quote from: Antonas1 on October 28, 2022, 10:41:29 AM

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~ Currently all my crypto assets are stored in hardware wallet and my wife is the holder of it, I have copied my private key into 3 different copies, my wife keeps 1, my son keeps 1, and one for me. ~

Yup, that's a good choice. But it must be confirmed, especially for children, that they are not allowed to unlock the wallet while you are still alive. It would be better if the private key in their hands could be used only when they die, or if they're alive but can't afford to handle it.

The first thing to do when you open a wallets address is to have your recovery phrase saved for future reference in other for your funds to be secured one or two people you trust needs to have access to all your accounts and security pins so that their can have access to your money wallet when you are no more or out of reach.

I experienced something similar earlier on, and when the individual passed on his accounts could not be accessed, and all the funds in them were locked away forever.