Estate Planning Tip: Write Down those Usernames and Passwords.


user nameOne of the main goals in estate planning is to provide for a clear and efficient way to distribute assets upon your death. This process can become much more frustrating for your family if they are unable to access your online account information with your banks, stock brokers,  etc. Thus, it is a good idea to make a list of all user names and passwords for your accounts and to let the executor/trustee of your estate know where this list is located. It helps to write down the security questions and answers too.

In fact, even at the point you may execute a Durable Power of Attorney , it is important to provide this list. Remember that the Durable Power of Attorney is used by your designee to conduct business for you if you become ill or incapacitated. If you lose your memory without making this list, it will be more difficult for the person with power of attorney for you to make  necessary transactions on your behalf.

The Law Office of William J. Reinhardt, Jr. has been helping families on estate planning matters for over 29 years and is available to assist you and your family with your estate planning needs. Email me at bill@billreinhardtlaw.com or call 718-377-8880 to schedule your free consultation.


One thought on “Estate Planning Tip: Write Down those Usernames and Passwords.

  1. Simply want to say your article is as surprising. The clarity in your submit is just excellent and i can think you’re
    an expert in this subject. Well together with your permission let me
    to clutch your feed to stay updated with drawing close post.

    Thanks one million and please carry on the rewarding work.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s