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.
#Shared password repository how to#
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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