bitcoinafterlife
fb1c5ec4b2
1.9 KiB
Offline backup transaction
Beyond the Will-Executor network, the plugin can save the signed inheritance transaction to a file you keep yourself. It is the fallback for the (unlikely) scenario where every Will-Executor holding your will has ceased to operate.
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Enable it in the plugin parameters.
How it works
With the option enabled, the signed transaction is also written to a file you can store on a USB stick, a NAS, or wherever you prefer.
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Save the transaction to your medium of choice.
You can then deliver it through a notary, a trusted person, or directly to the heir. On or after the delivery date, whoever holds it can broadcast it through Electrum and the funds move.
The trade-offs, honestly
Relying on the offline backup alone has real drawbacks:
- It goes stale. Any change to the wallet — a satoshi spent, a new heir, a different date — invalidates the saved file. You have to regenerate and redistribute it every time.
- It leaks information. An heir who holds the file knows the exact date and amount of the inheritance, years in advance. That may not be prudent.
- Every step is manual, with the corresponding risk of error.
!!! tip "Use it as a second layer, not the main plan" The recommended setup: select as many Will-Executors as possible — only one has to survive to the delivery date — and keep the offline backup as an additional safety net.
!!! warning "Digital media ages badly" Check the file periodically and re-save it to fresh media — USB sticks, SD cards, and similar storage degrade over time and can silently fail.
!!! question "Still have a question?" The FAQ answers the most common ones — costs, hardware wallets, privacy, and what happens if a Will-Executor disappears.