Why it matters
Bitcoin has no central authority to verify death or incapacity. Without a check-in protocol, heirs may not know when or how to claim holdings. With one, the transition from owner to heirs happens automatically at the right time, without requiring heirs to act prematurely.
How it works
The owner confirms status periodically, typically monthly or quarterly, through a simple action like logging in or responding to a notification. Missed check-ins trigger escalating alerts: first to the owner through multiple channels, then to trusted contacts, and eventually to designated recovery parties. The escalation timeline and triggers are defined in advance.
Example
A holder configures quarterly check-ins with their custody provider. If a check-in is missed, the provider sends alerts via email, SMS, and phone. After 30 days with no response, the provider contacts the holder's designated emergency contact. After 90 days, beneficiary notification and transfer procedures begin.
Related terms
- Dead man's switch
- Bitcoin inheritance
- Heir access
- Incapacity planning
- Inheritance failure modes
- Bitcoin executor
