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April 4, 2008
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Living Wills &other Directives
A discussion group for those people who are considering writing up a living will, a power of attorney for health care, or any other kind of advance directive. Share ideas about how to approach or talk to family or friends about this sometimes tricky topic. Share resources and tips. This group does not provide legal advice.
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ama3 said:
on September 26, 2009 04:54 PM ET

I have (online) accounts, passwords, banking, etc ... What is the best/easiest/safest way to pass this info to my executor? encrypted CD? How do I debug it (to make sure nothing is omitted)? Put it on paper, but where store it?

Q: How to get A to B with no C possible!

3 posts by 2 users
Post #3
richva1041 replied to ama3's Post #2 :
on September 26, 2009 08:40 PM ET

I keep the list password protected but I sent the information to the person who will be executing my will in clear text. I plan to update the list every year to make sure I have covered it all.  I am giving him the account numbers and the institutions and not the passwords.  I assume you have someone you can trust to hold onto that information.

The other thought is to send one person the information in a password protected format. Excel or Word both do this and there are certainly other programs. Send the password to another person and tell them to get together in the event of your death. I don't like this because it broadcasts that you don't trust someone.

Type it up and put it into an envelope "to be opened in the event of my death" and file it or put it someplace like the top of a shelf. Tell your executor where it is.

Last but not least, put it all together into a document and rent a safety deposit box.  Tell your executor to be which bank and the deposit box number. You can then put all kinds of information in there and the executor can't get to it unil you are gone and he/she has the documents. Then, they can go to the other institutions.

 

 


Post #2
ama3 replied to richva1041's Post #1 :
on September 26, 2009 08:31 PM ET

But do you keep the list encrypted on your HD? To keep it all in one document is like keeping all your passwords in Passport or having all your accounts available w/ a single logon ... or virus ..

We had a problem when my brother died. Someone needs the passwords to my PC -- since executor will know that I keep EVTHG on it. And my PDA.

Not being fully organised, want access to back up points of entry. (Even I don't know exactly where my gold coins are anymore ...) Also easier to manage accounts from PC than thru all that POD stuff ...

Have no SO to share p/w w/...


Post #1
richva1041 said:
on September 26, 2009 05:39 PM ET
edited on September 26, 2009 05:40 PM ET

I typed up all my banks and account numbers and emailed it to my executor. I checked with my bank but if they are contacted by an excutor of an estate and have the necessary court documents naming him/her executor, the executor then has access to the accounts. I keep it in a Word document so I can update and put a reminder in my calendar to do this annually.

 

I thought about the same thing and was trying to figure out how to send user ids and passwords.  It occured to me that the executor does not need user ids and passwords but they do need account numbers.

 

I also keep all that information in Quicken and I have let my domestic partner know the password to open that so somebody can get at the online stuff if they need to.  (And, if we break up, I will change the password in a heartbeat. LOL)