Wednesday, October 05, 2011 Don't Bequeath a Digital Delay
Being tech savy, we use passwords that are clever and not easy for bad people to figure out. Right? Experts suggest we use a memorable sentence that has numbers and capitals in it. For example, "I got my pound puppy Jake at age 2" becomes "IgmppJaa2." Got it! But, what happens if you get very sick or die?
Digital delay comes when your executor or trustee cannot access your bank account, investment account and the like because she can't locate your passwords. Do you keep them written down where they will be found? We have suggested to our clients that they write them down and put them in a sealed envelope kept with their estate planning documents. We recently came upon a very good article on this published for the ABA. Click here to read it: http://apps.americanbar.org/lpm/lpt/articles/ftr03103.shtml |