![]() Password list for all relevant online accounts.Your Powers of Attorney, Will and Trust.Here are just some of the other documents besides your password list you need to gather when getting your affairs in order: We broke the entire process of getting your affairs in order in another blog, which you can read here, but however you decide to share your passwords, make sure it’s located near other sensitive documents and that it’s accessible when the time comes. ![]() That solution may include having the password to access your password manager itself along with your estate documents and other important papers.Īs soon as you start organizing your passwords and thinking about what happens after you pass, you’ll realize there’s a lot more to it. But for estate planning, it’s preferable to have a centralized password access solution. Plus, over the years you may want to change the person you designate to handle everything, which means you’ll have to remember to change that part of your password manager in addition to your estate plan.Īnd even if that process goes smoothly, they will still have to login to (and potentially learn) how an additional online platform works instead of simply grabbing the list located with all of your other sensitive documents and picking what they need from it.Īgain, password managers are great during your lifetime and we recommend you give them a try. Asking the person you trust the most to keep up with a password manager account for years is a burden and if he or she does not use that same password manager there are even more challenges. Some services let you designate an emergency access person, which lets him or her request access to your password manager. But, as great as password managers are during your lifetime they are an incomplete solution for managing those affairs after death. Since most of us are guilty of using the same few passwords for all of our accounts, this is a great way to make sure your online accounts and the passwords you use are secure. If you have a password manager whenever you go to a website, you will receive a prompt from your password manager to create a new password or fill the password prompt with the vault-generated password associated with that site. Password managers like LastPass or 1Password generate strong passwords and store them in an online “vault” that can only be accessed via a master password and by verified users. That’s an easy way to get all of your passwords swiped.Īdmittedly making a list of all your online accounts and passwords for the first time is quite a task, but keeping it up to date is easy and your family will thank you one day. You could list them out by hand, create an offline spreadsheet and print it out, use a word doc - whatever you’re most comfortable with. In fact, we highly recommend it and find many of our clients prefer it. It may seem old-fashioned but there is nothing wrong with writing down all of your passwords and storing them with your other sensitive documents like your will or trusts. Here’s exactly how to make sharing your passwords after death as easy as possible for your family. Plus, taking the time to set up a list of your online accounts and a good password system is a more secure choice anyway. ![]() Imagine having to explain to an account representative at Fidelity Investments that your father died and that’s why you are going through a password recovery! Or being stressed about all of the unnecessary charges that are auto-billing while you are trying to grieve.įortunately, a little bit of work on your end can prevent that from happening. Centralizing and setting up easy ways to share your passwords for all of your online accounts will save your family a lot of time and stress - it’s an important part of any estate plan. It’s weird to think about your Facebook account existing after your death, or your family logging into your Chase Bank Account, but they will eventually have to. It’s not the most fun thing to think about, but an increasingly important part of getting your affairs in order involves figuring out what to do with all your digital assets and online accounts when you die.Īnd what does every account require? A password. ![]()
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