There are also tools that allow to take your seed and split it in m subgroups so that you need at least n out of m to rebuild it. So instead of giving password

There are also tools that allow to take your seed and split it in m subgroups so that you need at least n out of m to rebuild it. So instead of giving password to a single family member (or two relatives, half and half) you can give it to more people and you can still recreate it even if some lose it