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Same as anything else really: A sheet of paper and a safety deposit box. You die, your heir or executor takes the appropriate paperwork to the bank, and then t
by transcriptase 3y ago
Same as anything else really: A sheet of paper and a safety deposit box.
You die, your heir or executor takes the appropriate paperwork to the bank, and then they get the contents of the box.
- lxgr 3y agoHow many people even have a safety deposit box? Many banks don't offer them anymore, and in some countries they have a disturbing tendency of getting robbed, with absolutely no recourse for the depositors (since contents are usually unverified and uninsured).
- transcriptase 3y agoThen buy a large fire safe, bolt it to your floor inside a closet, and fill it with 10 lb barbell plates until it requires a forklift to move. If your threat model includes someone inside your home with power tools and you can’t trust a bank… you might want to consider moving.
- lxgr 3y agoGiven that people probably don't arrange their life around the ability to safeguard physical assets, I think you've just given several good arguments against self-custody: Many people don't own a home. Not all of those that do want to expose themselves to the liability of storing valuables there. The safety situation between homes even within the US varies greatly, and even more so internationally. Banks with safety deposit boxes aren't ubiquitous. If it works for you, great! I'm just saying that you might be in the minority here.
- fragmede 3y agoThat's cool. What do I do when I move every few years because I'm a renter and can't afford to own a home in this economy?
- transcriptase 3y agoYou tell me.