If you are using older estate planning tools, there could be a section missing. Does anyone know about items you have in “cloud” storage? Would they know how to close your Facebook or Twitter accounts? Would they know to contact a business to stop automatic withdrawals for subscriptions or utility payments?
Here’s a list to get you thinking about items to include in your personal inventory under the category: Electronic
- Your Facebook, Twitter, LinkedIn, and other social media accounts.
- Blogs and websites you own.
- Bank, brokerage, retirement plan, credit card, loan, and insurance accounts that you access online.
- Your email accounts.
- Online retail accounts and apps from stores: eBay, Amazon, iTunes etc..
- Photo- or video-sharing sites like Flickr or YouTube.
- PayPal or other online payment accounts.
- Utility bills you pay online.
- Any other online accounts such as ones from airline sites with your frequent flier miles and document and data storage accounts like Google Docs.
Keep the list in a secure location with the passwords in a different spot, perhaps use a secure password app. Find someone you trust and share the location of the information, then update the list when you make changes. It’s also a good idea to visit the sites when you have time to review their inactivity policies. Some companies are catching up to this reality of a deceased client and are asking you to set up steps they should follow if your account is not used for a set period of time.