2 ms·

Just send four trusted family members half of the passphrase in a sealed envelope and tell them what it's for. If your family has a lawyer or safe deposit box t

Just send four trusted family members half of the passphrase in a sealed envelope and tell them what it's for. If your family has a lawyer or safe deposit box trusting that instead is a 1000x better option.

Spooky23 5y ago
Lawyer yes, safe deposit hell no. Three reasons: - Banks fubar safe deposit boxes all of the time, in a variety of ways. - Once the bank figures out that you’re dead, it’s sealed without a court order. - As you get older it’s more likely that you’ll screw up payments, lose keys or codes, etc. Also, the attorney will advise your loved ones on what they can do. For example, you need a power of attorney for many things.
- TedDoesntTalk 5y ago
  Never, ever use a safe deposit box at banks: https://www.nytimes.com/2019/07/19/business/safe-deposit-box-theft.html https://www.nytimes.com/2019/07/19/business/safe-deposit-box...
  - wintermutestwin 5y ago
    >Never, ever Despite the issues, there are still valid uses for a safe deposit box. I live in a highly fire-prone area and keep a backup drive with family photos and documents in a safe deposit box in a local place that won't burn when I do.
    - TedDoesntTalk 5y ago
      So long as you don’t expect the drive to be there when you retrieve it, sure. You should probably also encrypt any sensitive document on it. Here’s one example. Just one: https://abc7news.com/archive/8973198/ https://abc7news.com/archive/8973198/ Note the police are not classifying this as a criminal case (theft), but a civil case.
- jvanderbot 5y ago
  excellent point!
- npteljes 5y ago
  Can lawyers be trusted with this? Do they also properly manage their own death and other events? I don't have any experience and I'm genuinely curious how all this works.
- simonebrunozzi 5y ago
  > - Banks fubar safe deposit boxes all of the time, in a variety of ways. Which is why you need to put a tamper-proof box INSIDE a security box in a bank. Key to that box will be in your house, far away from bank personnel.

Spooky23 5y ago

Lawyer yes, safe deposit hell no. Three reasons: - Banks fubar safe deposit boxes all of the time, in a variety of ways. - Once the bank figures out that you’re dead, it’s sealed without a court order. - As you get older it’s more likely that you’ll screw up payments, lose keys or codes, etc. Also, the attorney will advise your loved ones on what they can do. For example, you need a power of attorney for many things.

TedDoesntTalk 5y ago
Never, ever use a safe deposit box at banks: https://www.nytimes.com/2019/07/19/business/safe-deposit-box-theft.html https://www.nytimes.com/2019/07/19/business/safe-deposit-box...
- wintermutestwin 5y ago
  >Never, ever Despite the issues, there are still valid uses for a safe deposit box. I live in a highly fire-prone area and keep a backup drive with family photos and documents in a safe deposit box in a local place that won't burn when I do.
  - TedDoesntTalk 5y ago
    So long as you don’t expect the drive to be there when you retrieve it, sure. You should probably also encrypt any sensitive document on it. Here’s one example. Just one: https://abc7news.com/archive/8973198/ https://abc7news.com/archive/8973198/ Note the police are not classifying this as a criminal case (theft), but a civil case.
jvanderbot 5y ago
excellent point!
npteljes 5y ago
Can lawyers be trusted with this? Do they also properly manage their own death and other events? I don't have any experience and I'm genuinely curious how all this works.
simonebrunozzi 5y ago
> - Banks fubar safe deposit boxes all of the time, in a variety of ways. Which is why you need to put a tamper-proof box INSIDE a security box in a bank. Key to that box will be in your house, far away from bank personnel.