Well, Binance founder CZ has suggested a function to be used in binance where one can set up a will and put in a contact to which the coins will be given to after you have passed. Either the coins will be passed to your trusted person if the account is inactive for a specific amount of time or your family can submit a death certificate. This sounds to me a fool proof function. Could there be downsides to this function?
I've heard many cases where people can reclaim their deceased relative's crypto by submitting death certificate to certain exchange although sometime it took considerable amount of time until final resolution.
This sounded like a good plan if CZ and their people can do this to their exchange, after all nobody knows what the future hold might as well secure the asset so it won't lost by these means for people who store their money in exchange.