[bzupnick]

The benefit is that if you did it with an encrypted USB that you keep with a lawyer, every time you make a new account or change your username or password, you would have to get the USB back, re-write the txt file, then give it back. Whereas here, it may be easier to update your information in this fashion

[joshzayin]

Well, you could keep the USB stick and give the lawyer the decryption key.