My wife and I both know our passcodes and have our thumb print as one of the fingerprints for touch id to our phones. We've always done this. I have my Google account set up so she owns it if I pass away. She knows all my passwords - I have a password protected document for her just in case I do pass (with all my passwords, bank account info, credit card info, etc...). I'm only 31 but can't be too careful. I travelled a lot this last year for business (even overseas) so figured it couldn't hurt.
https://myaccount.google.com/inactive