Friday, June 21, 2013

Who will know your password after you’re dead?

Should you put your internet passwords in your will?  No.  Your internet passwords do not go into your will, however, you do need to list them out on a paper that you keep near your will and other estate documents so the person who administers your estate can easily access your online accounts.  Here is a great article on the topic from the New York Times:

BOB GINSBERG, a retired production manager for an educational publisher, is worried that he does not know any of the logins and passwords for online accounts belonging to his partner or brother and they do not know his.  At 72, he said his concern was not about Facebook or e-mail. It was for their financial lives, which have migrated online, making paper account statements anachronistic. Now, when people die without disclosing their financial affairs to anyone, there is often no paper trail for heirs to follow. Full Story

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