There are plenty of third party services such as Coinbase. It offers “vault” services. When it comes to Bitcoin wallets they are hands down great for day to day spending. But, when it comes to storing huge amounts of Bitcoin in the long-run then there needs to be extra security. This way most of your Bitcoin is stored offline.
What makes it safe? Your Bitcoin is in geographically distributed physical vaults and safe deposit boxes. There is also the option available of joint ownership of an account this way your beneficiary becomes a co-owner in the presents or upon your death. Yes, sounds morbid to discuss about death. But, you always have to be prepared.
Bitcoin with time has become a financial asset that people might wish to leave it for their heirs. For now, there are only a few good ways to ensure your Bitcoin is received by your loved ones. But, there are still some complexities which we hope will be solved in the near future.
Do you have any other ideas to ensure your loved ones receive your Bitcoin in their inheritance?