Store all financial information and documents in a safe place, which could include a password-protected file, and make sure your heirs know how to access them. There may be software alternatives.
It is also important to provide passwords and usernames for all your active websites, so that:
- any person with Power of Attorney can access and manage these sites;
- an heir can access them after your death without losing valuable data, such as important documents and pictures; and
- email, online shopping, multimedia, and subscriptions can be easily cancelled before they can be used for identity theft.
Consider using a third-party password manager like LastPass, KeePass, and DashLane.
It may also be more efficient if you include your partner or children as joint owner on any account that regularly bills for services, such as your cable, internet, cell phone, club memberships, and utilities.
