How to Handle the Recovery Phrase in a Will or Custodial Handover
Overview: What should you know about the scenario: How to Handle the Recovery Phrase in a Will or Custodial Handover?
Key takeaway: Your recovery phrase and PIN must never leak. Do every operation on the official device and app, and if something is wrong, stop using the device at once and migrate the assets.
Action steps:
- Seal the recovery phrase and the handover instructions separately.
- Assign a trusted witness or lawyer as custodian.
- Emphasise in the document that the phrase must not be photographed or copied.
- When updating, destroy the old version of the instructions too.
- Periodically confirm the seal is unbroken.
Safety reminder: Anyone asking for your recovery phrase or PIN is a scammer. Never enter the recovery phrase into software or webpages, use only official channels for updates and downloads, and migrate assets and report the incident immediately if anything looks off.
