When I work with clients I recommend that they put all passwords on a single sheet of paper, kept safe at home in a fire proof box. That way it is accessible if needed. Passwords for the following are important to log:
- banking accounts;
- retirement accounts;
- credit cards;
- on-line bills;
- social media; and
- digital media stored on the cloud.
When drafting a will, one should give thought to their digital assets. This would include:
- web domains;
- intellectual property;
- images and video;
- music; and
The rights to these assets would be passed in a will since they are a form of probate property.
Remember, a blog is not legal advice. It is designed to share thoughts and ideas. Please consult a lawyer in your state for specific legal advice.