Responsible Planning Includes Sharing Digital Information
Dear Carol: My dad died from an aneurysm at only 65. Thankfully, he’d done his legal work so the family could theoretically step in to take over his finances. I say theoretically because he had online bank accounts, investment accounts, and credit cards as well as some social media accounts that we couldn’t access without a nightmare of paperwork. In one case we had to get an attorney involved. I’m writing to tell people to devise their own method of sharing online logins, passwords, and other needed information with someone you can trust. Thanks, by the way, for being a voice for many of us. – OW
Dear OW: I’m so sorry about your dad’s sudden death. To have to go through this technological quagmire while you were still freshly grieving is awful, so it’s kind of you to take the time to warn others.
Most of us will admit that the ability to manage our affairs online has in many ways made life easier, but it’s also introduced challenges, and this is one of the gravest. How do families who suddenly find themselves managing the affairs of a loved one who is either incapacitated or has died access the information they need? In too many cases…
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