If you trust your seven friends, then you can use SSS to pass on digital assets after you die.
Decide on a policy. For example, 4 of your 7 friends need to agree that you've been dead/incapacitated for 90 days, and that once that happens they should give your digital assets to Recipient R (probably your next of kin). Pick a master passphrase that decrypts something interesting like a passphrase manager database file. Split the master passphrase using a 4-of-7 scheme. Distribute the seven shares to your seven friends (one to each friend). Now you know the passphrase manager won't be compromised before your death unless you are careless with the master passphrase, or four of your seven friends either collude, get hacked, or honor a legal demand to produce the shares.
This gets interesting when the digital-asset ownership is determined exclusively by cryptography. The money in your bank account is not such a thing (a suitably official-looking piece of paper will release your money to anyone), but Bitcoin or Ethereum definitely are (no court order or lead pipe can solve the discrete logarithm problem).
Such classes of assets are very new. So there are not yet any "practical examples in the wild" that an ordinary person would be likely to recognize.