A lot of people might say, “I’ve written it down somewhere, they’ll figure it out.” But let’s be honest — in a real emergency, things get messy. Crypto isn’t like a traditional bank account where someone can just present a death certificate and get access. If you haven’t made a clear and secure plan, your coins could end up lost forever.
I actually know someone this happened to — a guy I met a while back died unexpectedly in an accident. He had a cold wallet with a decent chunk of BTC, and to this day, his wife still hasn’t been able to recover any of it. He didn’t use any kind of inheritance system or trusted setup. It’s just... gone.
Trust issues is why we have Bitcoin so we don't have to trust people around us but if I don't die in an accident, I don't think I will face any tragedy that will make my family members not to have access to my wallet and the rest. I used software wallet and I have a paper wallet but I don't use it, it's software that I used most of the time. If there is need that I may not see the next day, I will do the needful and give it to my parents, atleats they have basic ideas about Bitcoin and crypto coins.
But if nothing happens to me, I don't see the need to give my secret phrase or access to my wallet to anyone. I know I don't own this life but at the same time, I don't sleep and think I will not see tomorrow, biologically I do have that believe that I must see the next day so far I never sleep on sickness even if the life we live is unpredictable. Though, tell somethings to your adult children when they reach the age to know about your asset, your children are the reason why you are struggling in this life, they are the best to know but don't give them access until you know the right moment.