The multi-institution backup ensures that neither the owner nor – upon the owner's death – the heirs can lock themselves out:
| Loss of phone (key) | Restore the phone key using the cloud backup and the hardware key. |
| Loss of phone key cloud-backup | Create a new cloud backup. |
| Loss of phone (key) and cloud backup | - Order a new phone, create a new phone key and set up a new MISC® vault.
- Transfer funds from the old to the new vault using the hardware and the collaborative custody partner's key
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| Loss of hardware (key) | - Order new hardware, create a new hardware key and set up a new MISC® vault.
- Transfer funds from the old to the new vault using the phone and the collaborative custody partner's key
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| Loss of phone and hardware (keys) | - Restore the phone key using the cloud backup and the recovery contact.
- Follow the instructions for lost hardware (key).
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| Inheritance scenario | - Add your beneficiaries' or an executor's key while you are alive.
- Your beneficiaries or executor will be able to trigger the inheritance process when you pass away.
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Because the backup is distributed among various institutions, no single institution ever gains sole power of disposal.
