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withdrawals from watch only wallets are usually precipitated by three main events: transfer of ownership, amended trust instrument, or death of the grantor.

 1. Transfer of ownership

 This event typically occurs when someone transfers control of a watch only wallet to another party. This can be done through a written document, such as a deed, or by simply transferring control of the wallet to the other party through electronic means. Once the transfer has been completed, the new owner will now have full access to all funds in the wallet and will not be able to make any more withdrawals until the grantor revokes their authority. 

 2. Amended trust instrument

 An amended trust instrument is when an authorized holder adds or changes parties to the trust. This could be done in order to provide more stability for beneficiaries or in order to increase investment returns for the grantor. Once an amendment has been made, it will need to be filed with the state and approved by a judge. After it has been approved, it will take effect and all future withdrawals will need to be processed through this amended trust instrument. 

 3. Death of the grantor 

 If the grantor dies, withdrawal procedures will vary depending on how much time has passed since their death. Generally speaking, if less than six months have passed since their death, then their successors in interest can process withdrawals directly from their estate without going through an amendment process. After six months have elapsed, withdrawls must go through an amendment process in order to provide certainty for beneficiaries and allow for orderly withdrawal procedures.