My bank, USAA Savings Bank, has a section of its web site devoted to educating its customers. One of the recommendations is to have a “Digital Estate Plan.” What they suggest is a written document that explains how to access your various online assets in the event that you are not available.
It reminded me of a real life experience. One of my friends went into the hospital for knee replacement surgery. It is usually a routine surgery, so he didn’t make any special arrangements. Things didn’t go as planned and he died without having an opportunity to inform his wife of any of his passwords. I got the job of helping his widow gain access to the financial accounts. In addition to the grief she felt upon his death, she was angry at him for placing the financial assets outside of her reach. I share the story to hopefully help some others avoid that kind of grief.
The approach that I have taken is fairly simple. I record all of my passwords in LastPass. I have written my username and LastPass password in a document that is available to Linda and to our daughter.