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Bitcoin

The Bitcoin inheritance gap between a will and a wallet

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An executor can know that an estate owns Bitcoin and still have no way to move it. An exchange can ask for proof of authority and transfer a balance under its procedures. A wallet controlled by the deceased person’s keys needs a separate path to produce a valid signature. Consider an executor who finds a hardware wallet, an exchange statement and a message naming a vault recipient. Each gives them a possible route to the money. Each also asks for something different before the estate can make a valid transfer. The exchange needs enough evidence to recognise the claimant. The wallet needs the signing material. An inheritance vault can divide the power to sign and put a waiting period between a request and access.

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