Your Litecoin should outlive you.
Multisig makes that possible.
Single-key wallets create a dilemma: share the key now and lose full control, or don't share it and risk your heirs never recovering the funds. Multisig breaks that tradeoff.
No card required. Practice the full inheritance flow on Litecoin testnet before any real coins are involved.
The problem with single-key inheritance
A traditional crypto wallet is protected by a single private key or seed phrase. This creates a hard choice for estate planning:
Share the key now
Your heir can spend your funds at any time — before you're gone, without your knowledge. You lose full control the moment you share.
Hide it until you're gone
Store it in a will, a safe, or "a letter somewhere." Heirs may never find it, or find it too late. Lost keys mean lost coins — permanently.
Multisig solves this structurally. Instead of one key that does everything, you split control across multiple keys — and you define who needs to agree before anything moves.
A 2-of-3 inheritance vault
The simplest inheritance setup is a 2-of-3 multisig vault: three keys exist, and any two of them together can authorize a transaction. Here's how to assign them:
After you're gone: your heir + the backup key co-sign to inherit. No court order, no custodian, no delay.
This setup gives you full sovereign control while you're alive — your heir cannot spend without you. And it gives your heir a clear, self-custody path to inherit when the time comes, without depending on your key alone.
Other inheritance configurations
2-of-2 — Shared control now, stuck if one key is lost
Both you and your heir must always co-sign. Maximum shared control, but if either key is lost the funds are stranded. No backup path.
3-of-5 — Family or business estate
Five keys split among family members, trustees, a solicitor, and a safe deposit. Three must agree. Best for larger estates with multiple heirs or co-trustees.
1-of-2 — "Either of us can access"
You or your heir can spend independently. Simplest for joint accounts, but one compromised key is enough for a thief. Not recommended for large holdings.
2-of-3 with a lawyer as backup
You and your heir hold two keys; a solicitor or crypto-literate professional holds the third. The third key activates only with a death certificate or legal instrument.
Use the multisig calculator to explore any m-of-n configuration and understand its tradeoffs before committing.
How to set it up with LiteSig
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Practice on testnet first, freeOpen LiteSig and create a 2-of-3 testnet vault. Walk through the full setup — key generation, cosigner onboarding, sending a test transaction — without any real coins at risk.
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Each keyholder generates their own keyYou create Key 1 on your device. Your heir opens LiteSig on their device and creates Key 2. The backup (Key 3) is generated and stored offline or with a trusted party. No key ever leaves the device it was created on.
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The vault assembles itself from public keys onlyLiteSig coordinates the vault setup using only the public part of each key — the part that can receive funds but not spend them. No private key is ever shared or uploaded.
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Document the inheritance procedureLeave your heir clear written instructions: where Key 3 is stored, how to open LiteSig, how to propose and co-sign a transaction. LiteSig handles the coordination — your heir just needs to sign.
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Upgrade to mainnet when readyOnce you're comfortable, create the same vault on Litecoin mainnet. A LiteSig subscription keeps the co-signing coordination active so your heir can complete inheritance without needing specialist help.
Frequently asked questions
Does my heir need to know how to use crypto?
They need to be able to open LiteSig in a browser and enter their key passphrase. The hard part — finding and verifying keys, constructing transactions — is handled by LiteSig. Leave them a clear one-page instruction document and they can follow the steps without deep crypto knowledge.
What if I lose my key before I die?
In a 2-of-3 setup, you can still recover using your heir's key (Key 2) and the backup (Key 3). You never need all three — any two are sufficient. This is the main advantage over a single-key wallet, where one lost key means permanently lost funds.
Can my heir steal my funds while I'm alive?
No. In a 2-of-3 vault, your heir holding Key 2 cannot spend anything on their own — they always need one other key. They can see the vault balance (it's on the public blockchain) but cannot move a single coin without your co-signature or the backup key.
What happens to the vault if LiteSig shuts down?
Nothing — the vault is on the Litecoin blockchain and your keys are yours. LiteSig uses standard BIP39/BIP48/PSBT formats, so any compatible wallet software (Electrum-LTC, etc.) can reconstruct and spend from the vault using the original seed phrases. We facilitate coordination; we do not hold your funds.
Do I need a lawyer?
LiteSig does not replace legal estate planning — a solicitor can ensure the crypto is correctly referenced in your will and that your heir has access to Key 3. Many people use a solicitor or a trusted professional as the holder of the backup key precisely because it gives the setup legal and practical weight.
Is this only for large amounts?
No. Even modest Litecoin holdings can be worth recovering. Multisig is most valuable when you want your heirs to recover something with certainty rather than risk losing everything to a single point of failure.
Start your inheritance vault — free on testnet
Practice the entire setup with no real coins at risk. When you're confident, move to mainnet.