Hey @julian I’ve been having the same thoughts ever since I started using password managers long ago.
I like @Trout’s input yet to me the two key aspects of you recovering your master password in case of accident/amnesia are :
- you need to be able to recover it fairly quickly and without too much effort
- the solution you adopt shouldn’t cost financially too much to maintain over the years (after all, this is a safeguard).
The whole point of having a password database is that you only have to protect one single password. Your mind is the best place to store it so the first rule is : never, never, give it to anyone.
You can’t trust anyone. You can’t control how that person is going to try and keep it, so it may eventually backfire. Also, if people ever want to harm you and somehow gain knowledge of the fact this person has your one password, then you place that person in danger…
So instead of setting up a very complex trail of encrypted data, keys, safe boxes etc. which could take you some time to get through in case of memory loss I believe a good, solid, cost-efficient solution is to register your password in your will, safely and confidentially deposited in a sealed envelope upon the proper notarial authorities and inform some people you trust in your entourage, such as your family, of having done so.
This also has the advantage of unlocking your digital self to people you trust in case you die, so they can deal with your ghost on the web (which is an increasing problem on many platforms, social media amongst the first).
Also, as I mentioned earlier about putting people in danger. If you’re ever in a line of business where governments might come after you, then this solution would not work.