With the development in technology, more and more people are now managing their bank accounts and credit cards online.
Although this is a quick and simple method of dealing with things, it could cause a problem when you die. The executors of your Will may not know about these accounts and may not be able to access the information easily in order to administer your estate.
A solution to this is to ensure you leave your executors with details of your username and passwords for any of your email and important online accounts.
Your Will becomes a document available to the public eye when it goes to probate and so rather than including sensitive information such as passwords in it, it is recommended that a separate note is stored with your Will. This also allows the note to be updated easily as and when your passwords change.
Whilst thinking about this, it may be the appropriate time to review your Will and ensure that the contents reflect your current wishes.
If you would like more information on our Will writing service please contact Lucy Metcalf.
Posted: March 8th, 2012