by Erin Callahan

Estate Planning, PlanningJune 23, 20200 comments

Have You Planned For Your Digital Estate?

As of April 2020, 4.57 billion people use the internet. Have you thought about how to dispose of your digital life if you become disabled or pass away? Or do you even want to dispose of your digital life? One of the critical parts of estate planning is planning your digital estate. When I downloaded 1 password (a password manager) I had over 100 digital accounts. When you think about it they add up fast: social media, every store you have ever shopped at, and created an online account, the bank, your electric company, your mortgage, etc.

First, I recommend everyone sign up for a Password Manager. 

• Here is a link to an article about password managers. https://www.wired.com/story/best-password-managers/

• Please select a password manager if you don’t currently have a provider. It is critical that you have a way for your agent or loved one to manage your online accounts and passwords if you are disabled or pass away. If you already have a password manager, double-check to make sure they have an emergency kit.

• I recommend you select a password manager that has an emergency kit for if you are disabled or pass away. This is the most critical part. I know that 1password has that as well as Keeper. Meaning you can give someone access if you are not able to access your account.

Second, If you own a business, I suggest that you sign up for the family and business plan. It is even more challenging for a loved one to try to decipher logins and passwords for business accounts.