Your Lawyers For Life
Your Lawyers For Life

Should my estate plan include passwords to my online accounts?

On Behalf of | Aug 22, 2022 | Estate Planning

When you actually sit down to prepare your estate (which generally includes much more than just your will), it is a good idea to remember to include access to your online accounts and medical information so that your loved ones don’t encounter obstacles if you become incapacitated and when you eventually pass away. This will make their experience a lot less stressful than it would have been otherwise.

Part of an effective plan to distribute your assets after you are gone is thinking ahead about how to ensure that your loved ones are able to accomplish what they need to do for your estate as well as taking possession of whatever you wish them to have. The chances are very good that you have some important accounts of various types online and whomever you appoint will need to access that information. You will want to document your usernames and passwords for those accounts in a place that is easy to find.

Your loved ones may not be thinking ahead but you should

There may be many reasons why your loved ones are not thinking about what happens after you pass away. First of all, if they are relatively young, the idea of what might happen in the future is probably daunting to them. The reality is that you never know what might happen from one day to the next so it is better to be prepared and have everything in order so that your wishes will be carried out at the appropriate time.

Merely thinking about the time when you are no longer here is unpleasant at the very least and extremely painful at most. However, the truth is that people become incapacitated and people pass away. You owe it to your loved ones and to yourself to make sure that everything is in order, which includes giving them all of the access that they need (online access, the key to the safe, etc.) so that they are well prepared and so that they can make the right decisions.

Don’t wait until it is too late

The last thing you want to do is cause havoc and stress for your loved ones when you are no longer here to make decisions. There are many advantages to having your estate plan established and in order. One of those things, beside what has already been discussed here, is that it will give everyone involved peace of mind, which has tremendous value.

Traditional estate planning (having a will and medical power-of-attorney, advance directive, etc.) as well as digital estate planning are both essential tools that will ensure that everything will be done properly and according to your wishes at the right time.

Solid legal support from the right attorney

If you are feeling a little uncertain about what to do and how to set up your estate plan, the solid advice of a Florida estate plan attorney can really make the entire process much easier and smoother. A knowledgeable attorney can assist you with all aspects of your estate plan, including a medical power-of-attorney, asset distribution and administering your estate. You really never know what life is going to hand you from one day to the next so it is better to be prepared for anything that might come along.