Passwords and the Estate Plan, Part 1
We all see Facebook friends long after they have passed away. It's extremely difficult for Personal Representatives or Trustees to get huge organizations like Meta (Facebook's parent company) or Google to remove your deceased relative or friend from their site. So what are we to do? Today begins a multipart discussion of the issue.
The easiest, but clearly the least secure, is to si provide your passwords to a trusted family member. They will need passwords to access your computer or smartphone. They will also need a password to access your email — which is where things like electronic financial statements or invoices are sent these days. And what about your Venmo account?
Clearly this is a security issue and would require each of those passwords to be written down or somehow saved and communicated to the trusted person. Many computer operating systems now save passwords to frequently visited websites, so it is possible that if a trusted person had access to your computer, they may also be able to gain access to your financial accounts. But maybe not.
Tomorrow - the first answer to the problem, found in your Durable Power of Attorney.