Last Will and Testament on the Blockhain

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'''Can you inherit Bitcoin?''' A smart contract holds crypto and bequeaths it to listed beneficiary(s) in the form of a smart contract. The smart contract is immutable and is capable of auto-executing a dead man switch. For instance, * funds are deposited to the contract * the owner (testator) registers beneficiaries with share amounts * the owner must periodically call the heartbeat() function to indicate they are "alive" * if the owner becomes inactive for heartbeatTimeout (month), executeWill() is activated, calculates each beneficiary’s payout and enables beneficiaries to withdraw their inheritance. Most people do not require a dead man switch, rather in combination with a real world last will and testament that instructs the distribution of crypto and assigns public and private keys to each listed beneficiary. The last will and testament could execute, * upon passing, where a real world executor or lawyer instructs beneficiaries. * timelock, the beneficiaries receive after a period of time, 21st birthday etc. (as a Unix timestamp) * trust fund, beneficiaries, are paid out each year over a number of years. * equity locked, only reflections or a dividend is paid out monthly. Optionally, the equity is unlocked after a period of time or remains locked and unlocked via DeFi. * custom arrangement, if it can be coded. Notes: the drawback is, crypto is typically not regarded as stable. Conversely, Bitcoin has generally outperformed other financial investments and this is in conjunction with a typical will as the wallet keys should be held in trust by the legal firm or in the will, so they are not lost.
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