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Having recently gone through the prolonged pain of probating a will, I think smart contracts could be used to enforce wills without the need for probate. But of
by cgh 9y ago
Having recently gone through the prolonged pain of probating a will, I think smart contracts could be used to enforce wills without the need for probate. But of course, that opens up its own can of worms, like the need for potential heirs to maintain a digital identity for possibly decades. What happens if someone cuts all digital ties and effectively becomes a hermit? At least with ordinary probate, you can simply visit them in person and hand them some papers to read and sign.
So maybe it's not such a great idea after all.
- rthomas6 9y agoPaper wallets, maybe?
- KallDrexx 9y agoWills usually change many times in your lifetime, and with a smart contract you'd have to build in safe void clauses that can't be exploited.
- diab0lic 9y agoIt also has the hard limit that the assets being willed must be crypto currency. It wouldn't work for a house, car, cash, etc...