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BRH LVL 6.1 - Bitcoin Inheritance planning
36380aa7-fbf1-4507-acf9-e4e99cc25b39
Which of the following is true regarding inheritance planning ? (Select all that apply)
It facilitates the attackers to get access to your BTC
It increases your bitcoin security resiliency.
It helps your heirs from potential key management errors.
It shows the government how much Bitcoin you own and where they are stored.
Do I need a lawyer or other 3rd party to create a strong inheritance planning ?
No
Yes
Why is a smart contract not a good idea for inheritance planning ?
When planning your inheritance letter, you need to select trusted helper. Why are some reason for that ? (Select all that apply)
Your heirs aren't familiar with key’s management and could use some help.
They increase the odds your heirs will see those bitcoins one day.
They can legally act like notary when it comes to crypto assets.
They will create the new wallets for your heirs to transfer the funds.
When selecting your helpers, what are the 3 criteria you will have to compromise with ?
Why is it better to have multiple helpers ? (Select all that apply)
You heirs can cross-reference the responses and not be tricked by a malicious helper.
Not everyone has all the knowledge or can be an expert on all key subjects.
You can't trust a single entity to help. Even the best one can make a mistake.
You can if you use a 3rs party services to help.
Where could you have some Bitcoins you forget ? (Select all that apply)
Exchanges
Old hard drive
Browser extension
Old wallet you don't use anymore.
Lightning Channel
Node
Is it necessary to be specific about the private key location ?
Yes, specific location is needed, if not they have to search the whole house ….
No, general location is better.
Why is it recommended to use pen and paper when writing the letter?
A crypto Inheritance plan is made of 2 sections: The tech one with a letter, the legal one with a notary. True or false ?
False
True
How often should you review your Inheritance plan ? (Select all that apply)
Every time you set up a new wallet.
Each 6 month
Each year
If major changes happen
What is the next step after you wrote and secured your inheritance letters ?
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