Passwords and the Estate Plan, Part Two
A more secure way to handle the ability of your Attorney-in-Fact, Trustee or Personal Representative to access your passwords and online accounts would be to include a clause in your Power of Attorney, Trust and/or Will. Typically, this clause says something to the effect of "allowing him/her/they to access, handle, distribute and dispose of digital assets including (list here) on my digital devices, including mobile phones, computers, tablets, storage devices, etc. "
Language should be included to indicate that since technology is always changing, this would apply to other items which may exist as technology develops in the future.
Looking for something that doesn’t require sharing your estate planning documents? Read on for tomorrow’s installment.